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SUBSEQUENT EVENTS</div></div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The consolidated financial statements were approved by the Board of Director on Febreaury 19, 2019.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; 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top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Interest and valuation on investment</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; text-indent: 0.13in; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;text-indent: 0.13in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,246</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total interest and valuation</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; text-indent: 0.13in; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;text-indent: 0.13in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">409,799</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Interest expense</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; text-indent: 0.13in; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;text-indent: 0.13in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(106,110)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net margin on financial instruments</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; text-indent: 0.13in; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;text-indent: 0.13in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">303,689</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Credit impairment charges on loans, net</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; text-indent: 0.13in; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;text-indent: 0.13in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(323,290)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net interest and valuation income after provision for loans and financial leases</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; text-indent: 0.13in; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;text-indent: 0.13in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(19,601)</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Fees and other service income, net</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; text-indent: 0.13in; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;text-indent: 0.13in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">244,193</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Other operating income</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; text-indent: 0.13in; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;text-indent: 0.13in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,365</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total income, net</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; text-indent: 0.13in; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;text-indent: 0.13in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">225,957</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Total operating expenses</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; text-indent: 0.13in; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;text-indent: 0.13in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(221,310)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Profit before tax</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; text-indent: 0.13in; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;text-indent: 0.13in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">4,647</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Income tax</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; text-indent: 0.13in; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;text-indent: 0.13in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,961)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net income from discontinued operations </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; text-indent: 0.13in; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;text-indent: 0.13in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,686</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Results of operations as of October 31, 2016, recognized in the Consolidated Statement of Income as Net income from discontinued operations, are the following:&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 66.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 16.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: center; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 18.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Ten months ended</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">October 31, 2016</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millons of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Interest income on loans</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; text-indent: 0.13in; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;text-indent: 0.13in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">408,233</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Overnight and market funds</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; text-indent: 0.13in; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;text-indent: 0.13in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">320</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Interest and valuation on investment</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; text-indent: 0.13in; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;text-indent: 0.13in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,246</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total interest and valuation</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; text-indent: 0.13in; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;text-indent: 0.13in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">409,799</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Interest expense</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; text-indent: 0.13in; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;text-indent: 0.13in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(106,110)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net margin on financial instruments</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; text-indent: 0.13in; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;text-indent: 0.13in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">303,689</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Credit impairment charges on loans, net</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; text-indent: 0.13in; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;text-indent: 0.13in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(323,290)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net interest and valuation income after provision for loans and financial leases</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; text-indent: 0.13in; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;text-indent: 0.13in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(19,601)</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Fees and other service income, net</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; text-indent: 0.13in; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;text-indent: 0.13in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">244,193</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Other operating income</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; text-indent: 0.13in; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;text-indent: 0.13in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,365</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total income, net</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; text-indent: 0.13in; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;text-indent: 0.13in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">225,957</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Total operating expenses</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; text-indent: 0.13in; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;text-indent: 0.13in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(221,310)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Profit before tax</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; text-indent: 0.13in; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;text-indent: 0.13in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">4,647</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Income tax</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; text-indent: 0.13in; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;text-indent: 0.13in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,961)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net income from discontinued operations </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; text-indent: 0.13in; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;text-indent: 0.13in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,686</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 408233000000 320000000 1246000000 409799000000 106110000000 303689000000 323290000000 -19601000000 244193000000 1365000000 225957000000 221310000000 4647000000 -2961000000 1686000000 0.50 343108000000 263770000000 659000000 99614000000 79017000000 79017000000 <div style="border-bottom: solid #ffffff 1.0pt;border-left: none;border-right: none;border-top: none;"><div style="font-family: 'times new roman', 'serif';font-size: 16pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 16pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">NOTE 28. LIABILITIES FROM FINANCING ACTIVITIES</div></div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table presents the reconciliation of the balances of liabilities from financing activities as of December 31, 2018 and 2017:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div><div style="text-decoration: none; background: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; width: 100%; border-collapse: collapse; border-spacing: 0px;;margin : 0px auto;;text-align:left;;margin-left :auto;margin-right :auto;"><tr><td rowspan="2" style="border-bottom: 1pt solid black; border-top: 1pt solid black; border-left: 1pt solid black; text-align: center; line-height: 15.3333px; padding-left: 0px; padding-top: 0px; padding-bottom: 0px; white-space: nowrap;;width:;">&#160;</td><td rowspan="2" style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding-left: 0px; padding-top: 0px; padding-bottom: 0px; white-space: nowrap;;width:;"><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:center"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Balance as of</div></div></div><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:center"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">January 1, 2018</div></div></div></td><td rowspan="2" style="border-bottom: 1pt solid black; border-top: 1pt solid black; text-align: center; line-height: 10pt; padding-left: 0px; font-size: 10pt; padding-top: 0px; padding-bottom: 0px; white-space: nowrap;;width:;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Cash flows</div></div></td><td colspan="4" style="border-bottom: 1pt solid black; vertical-align: bottom; border-top: 1pt solid black; text-align: center; line-height: 10pt; padding-left: 0px; font-size: 10pt; padding-top: 0px; padding-bottom: 0px; white-space: nowrap;;width:;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Non-cash changes</div></div></td><td rowspan="2" style="border-bottom: 1pt solid black; border-top: 1pt solid black; border-right: 1pt solid black; padding-left: 0px; padding-top: 0px; padding-bottom: 0px; white-space: nowrap;;width:;"><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:center"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Balance as</div></div></div><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:center"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">of</div></div></div><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:center"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December</div></div></div><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:center"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">31, 2018</div></div></div></td></tr><tr><td style="border-bottom: 1pt solid black; padding-left: 0px; padding-top: 0px; padding-bottom: 0px;;width:;"><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:center"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Foreign</div></div></div><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:center"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">currency</div></div></div><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:center"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">translation</div></div></div><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:center"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">adjustment</div></div></div></td><td style="border-bottom: 1pt solid black; padding-left: 0px; padding-top: 0px; padding-bottom: 0px;;width:;"><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:center"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Interests</div></div></div><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:center"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">accrued</div></div></div></td><td colspan="2" style="border-bottom: 1pt solid black; padding-left: 0px; padding-top: 0px; padding-bottom: 0px;;width:;"><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:center"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Other</div></div></div><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:center"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">movements</div></div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 15.3333px; font-family: &quot;times new roman&quot;, times, serif;;width:;">&#160;</td><td colspan="7" style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;;width:;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></td></tr><tr><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif; width: 44%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: 'times new roman', times, serif; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;;font-weight:bold;display:inline;">Liabilities from financing activities</div></div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; line-height: normal;">&#160;</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; line-height: normal;">&#160;</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; line-height: normal;">&#160;</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; line-height: normal;">&#160;</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; line-height: normal;">&#160;</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 15.3333px; font-family: &quot;times new roman&quot;, times, serif; width: 2%;"><div style="line-height: normal;">&#160;</div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; line-height: normal;">&#160;</div></td></tr><tr><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif; width: 44%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Repurchase agreements and other similar secured borrowing</div></div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,236,128</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(922,840)</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,267</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 15.3333px; font-family: &quot;times new roman&quot;, times, serif; width: 2%;">&#160;</td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,315,555</div></td></tr><tr><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif; width: 44%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Borrowings from other financial institutions&#160;<div style="vertical-align: super;font-size: smaller;display:inline;">(1)</div></div></div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">13,822,152</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">513,244</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,297,690</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">783,349</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(78,471)</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif; width: 2%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">(2)</div></div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">16,337,964</div></td></tr><tr><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif; width: 44%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Debt instruments in issue&#160;<div style="vertical-align: super;font-size: smaller;display:inline;">(1)</div></div></div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">19,648,714</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,697,698)</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,255,806</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">961,903</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">118,508</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 15.3333px; font-family: &quot;times new roman&quot;, times, serif; width: 2%;">&#160;</td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">20,287,233</div></td></tr><tr><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif; width: 44%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Preferred shares&#160;<div style="vertical-align: super;font-size: smaller;display:inline;">(3)</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">582,985</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(57,701)</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">58,713</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 15.3333px; font-family: &quot;times new roman&quot;, times, serif; width: 2%;">&#160;</td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">583,997</div></td></tr><tr><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif; width: 44%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total liabilities from financing activities</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">37,289,979</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,164,995)</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,555,763</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,745,252</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">98,750</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 15.3333px; font-family: &quot;times new roman&quot;, times, serif; width: 2%;">&#160;</td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">39,524,749</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px; background: none;"></div><div style="color: rgb(0, 0, 0); font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px 0px 0px 49.5pt; text-align: justify; text-indent: -9pt; background: none;"><div style="text-decoration: none; background: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">&#160;</div></div></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">(1)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">The cash flows disclosed in this table related with Borrowings from other financial institutions and Debt securities in issue include the interests paid during the year amounting to COP 788,879 and COP 961,333, respectively, which are classified as cash flows from operating activities in the consolidated statement of cash flow.</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">The amount of COP (78,471) is mainly comprised by the decrease of the liabilities related to assets held for sale.</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(3)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">The cash flow amounting to COP 57,701 corresponds to the fixed minimum dividend paid to the preferred shares' holders and is included in the line "dividends paid" of the consolidated statement of cash flow, which includes the divideds paid during the year to both preferred and common shares holders.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div><div><div style="color: rgb(0, 0, 0); font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; text-align: justify; background: none;"></div><table style="font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; width: 100%; border-collapse: collapse; border-spacing: 0px;;margin : 0px auto;;text-align:left;"><tr><td rowspan="2" style="border-bottom: 1pt solid black; border-top: 1pt solid black; border-left: 1pt solid black; text-align: center; padding-left: 0px; padding-top: 0px; padding-bottom: 0px; white-space: nowrap;;width:;">&#160;</td><td rowspan="2" style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding-left: 0px; padding-top: 0px; padding-bottom: 0px; white-space: nowrap;;width:;"><div style="font:10pt 'times new roman', times, serif; margin:0pt 0px; text-align:center"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Balance as of</div></div></div><div style="font:10pt 'times new roman', times, serif; margin:0pt 0px; text-align:center"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">January 1, 2017</div></div></div></td><td rowspan="2" style="border-bottom: 1pt solid black; border-top: 1pt solid black; text-align: center; padding-left: 0px; font-size: 10pt; line-height: 10pt; padding-top: 0px; padding-bottom: 0px; white-space: nowrap;;width:;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Cash flows</div></div></td><td colspan="3" style="border-bottom: 1pt solid black; vertical-align: bottom; border-top: 1pt solid black; text-align: center; padding-left: 0px; font-size: 10pt; line-height: 10pt; padding-top: 0px; padding-bottom: 0px; white-space: nowrap;;width:;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Non-cash changes</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: bottom; border-top: 1pt solid black; text-align: center; padding-left: 0px; padding-top: 0px; padding-bottom: 0px; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif;;width:;">&#160;</td><td rowspan="2" style="border-bottom: 1pt solid black; border-top: 1pt solid black; border-right: 1pt solid black; padding-left: 0px; padding-top: 0px; padding-bottom: 0px; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif;;width:;"><div style="font:10pt 'times new roman', times, serif; margin:0pt 0px; text-align:center"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Balance as</div></div></div><div style="font:10pt 'times new roman', times, serif; margin:0pt 0px; text-align:center"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">of</div></div></div><div style="font:10pt 'times new roman', times, serif; margin:0pt 0px; text-align:center"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December</div></div></div><div style="font:10pt 'times new roman', times, serif; margin:0pt 0px; text-align:center"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">31, 2017</div></div></div></td></tr><tr><td style="border-bottom: 1pt solid black; padding-left: 0px; padding-top: 0px; padding-bottom: 0px; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif;;width:;"><div style="font:10pt 'times new roman', times, serif; margin:0pt 0px; text-align:center"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Foreign</div></div></div><div style="font:10pt 'times new roman', times, serif; 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margin:0pt 0px; text-align:center"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">accrued</div></div></div></td><td style="border-bottom: 1pt solid black; padding-left: 0px; padding-top: 0px; padding-bottom: 0px; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif;;width:;"><div style="font:10pt 'times new roman', times, serif; margin:0pt 0px; text-align:center"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Other</div></div></div><div style="font:10pt 'times new roman', times, serif; margin:0pt 0px; text-align:center"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">movements</div></div></div></td><td style="border-bottom: 1pt solid black; text-align: center; padding-left: 0px; padding-top: 0px; padding-bottom: 0px; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif;;width:;">&#160;</td></tr><tr><td style="border-bottom: 1pt solid black; 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width: 9%; font-family: &quot;times new roman&quot;, times, serif;">&#160;</td><td style="padding: 0px 3.5pt; width: 9%; font-family: &quot;times new roman&quot;, times, serif;">&#160;</td><td style="padding: 0px 3.5pt; width: 9%; font-family: &quot;times new roman&quot;, times, serif;">&#160;</td><td style="padding: 0px 3.5pt; width: 9%; font-family: &quot;times new roman&quot;, times, serif;">&#160;</td><td style="padding: 0px 3.5pt; width: 9%; font-family: &quot;times new roman&quot;, times, serif;">&#160;</td><td style="padding: 0px 3.5pt; width: 2%; font-family: &quot;times new roman&quot;, times, serif;">&#160;</td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; width: 9%; font-family: &quot;times new roman&quot;, times, serif;">&#160;</td></tr><tr><td style="border-left: 1pt solid black; padding: 0px 3.5pt; font-size: 10pt; line-height: 10pt; font-family: &quot;times new roman&quot;, times, serif; width: 44%;"><div style="font-family: &quot;times new roman&quot;, times, serif; 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font-size: 10pt; line-height: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,236,128</div></td></tr><tr><td style="border-left: 1pt solid black; padding: 0px 3.5pt; font-size: 10pt; line-height: 10pt; font-family: &quot;times new roman&quot;, times, serif; width: 44%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Borrowings from other financial institutions&#160;<div style="vertical-align: super;font-size: smaller;display:inline;">(1)</div></div></div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; 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letter-spacing: 0px; top: 0px;;display:inline;">1,075,716</div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(98,870)</div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 2%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;<div style="vertical-align: super;font-size: smaller;display:inline;">(2)</div></div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; 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white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(40,069)</div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(73,652)</div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,056,024</div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,602</div></td><td style="padding: 0px 3.5pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 2%;">&#160;</td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">19,648,714</div></td></tr><tr><td style="border-left: 1pt solid black; padding: 0px 3.5pt; font-size: 10pt; line-height: 10pt; font-family: &quot;times new roman&quot;, times, serif; width: 44%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Preferred shares&#160;<div style="vertical-align: super;font-size: smaller;display:inline;">(3)</div></div></div></td><td style="padding: 0px 3.5pt; 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line-height: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">58,714</div></td><td style="padding: 0px 3.5pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 2%;">&#160;</td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">582,985</div></td></tr><tr><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; font-size: 10pt; line-height: 10pt; font-family: &quot;times new roman&quot;, times, serif; width: 44%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total liabilities from financing activities</div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">40,116,634</div></div></td><td style="border-bottom: 1pt solid black; 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width: 2%;">&#160;</td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">37,289,979</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px; background: none;"></div><div style="color: rgb(0, 0, 0); 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font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 0.3pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; 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background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: 1pt solid black; width: 16%; border-top: 1pt solid black; border-left: none; border-right: none; padding: 0in; font-size: 10pt; line-height: 10pt;"><div style="margin-bottom: 0pt; text-align: center; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Stockholders with an</div></div></div><div style="margin-bottom: 0pt; text-align: center; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">interest equal or</div></div></div><div style="margin-bottom: 0pt; text-align: center; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">higher than 20% of</div></div></div><div style="margin-bottom: 0pt; text-align: center; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">the Bank&#8217;s capital</div></div></div></td><td style="border-bottom: 1pt solid black; width: 13%; border-top: 1pt solid black; border-left: none; border-right: none; padding: 0in; font-size: 10pt; line-height: 10pt;"><div style="margin-bottom: 0pt; text-align: center; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Directors and</div></div></div><div style="margin-bottom: 0pt; text-align: center; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">senior</div></div></div><div style="margin-bottom: 0pt; text-align: center; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">management</div></div></div></td><td style="border-bottom: 1pt solid black; width: 13%; border-top: 1pt solid black; border-left: none; border-right: none; padding: 0in; font-size: 10pt; line-height: 10pt;"><div style="margin-bottom: 0pt; text-align: center; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Associates and</div></div></div><div style="margin-bottom: 0pt; text-align: center; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">joint venture</div></div></div></td><td style="border-top: 1pt solid black; border-right: 1pt solid black; border-bottom: 1pt solid black; border-image: initial; width: 3%; border-left: none; padding: 0in; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="margin-bottom: 0px; text-align: center; font-family: calibri, sans-serif; background: none; margin-top: 0px; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td colspan="4" style="border-bottom: 1pt solid black; border-top: none; border-left: 1pt solid black; border-right: none; padding: 0in 3.5pt; font-size: 10pt; 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border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin-bottom: 0px; text-align: center; font-family: calibri, sans-serif; background: none; margin-top: 0px; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="margin-bottom: 0px; text-align: center; font-family: calibri, sans-serif; background: none; margin-top: 0px; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assets</div></div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin-bottom: 0px; font-family: calibri, sans-serif; background: none; margin-top: 0px; line-height: normal;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin-bottom: 0px; font-family: calibri, sans-serif; background: none; margin-top: 0px; line-height: normal;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin-bottom: 0px; font-family: calibri, sans-serif; background: none; margin-top: 0px; line-height: normal;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="margin-bottom: 0px; font-family: calibri, sans-serif; background: none; margin-top: 0px; line-height: normal;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Investments</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;">-</div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;">11</div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;">2,450,467</div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; background: none;;vertical-align:top;">&#160;</td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Loans and advances to customers and financial entities, net</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">642,319</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">21,331</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">108,833</div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; background: none;;vertical-align:top;">&#160;</td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Assets held for sale and inventories</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">19,128</div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">(1)</div></div></div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-top: none; border-left: 1pt solid black; border-right: none; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Other assets</div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">177,537</div></div></td><td style="border-bottom: 1pt solid black; border-top: none; border-left: none; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">(2)</div></div></div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-top: none; border-left: 1pt solid black; border-right: none; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total assets</div></div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">642,319</div></div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">21,342</div></div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,755,965</div></div></div></div></td><td style="border-bottom: 1pt solid black; border-top: none; border-left: none; border-right: 1pt solid black; padding: 0in 3.5pt; background: none;;vertical-align:top;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin-bottom: 0px; font-family: calibri, sans-serif; background: none; margin-top: 0px; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0in 3.5pt; background: none;">&#160;</td><td style="padding: 0in 3.5pt; background: none;">&#160;</td><td style="padding: 0in 3.5pt; background: none;">&#160;</td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; background: none;;vertical-align:top;">&#160;</td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Liabilities</div></div></div></div></td><td style="padding: 0in 3.5pt; background: none;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></td><td style="padding: 0in 3.5pt; background: none;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></td><td style="padding: 0in 3.5pt; background: none;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; background: none;;vertical-align:top;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Deposits</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">386,467</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">5,028</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">190,046</div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; background: none;;vertical-align:top;">&#160;</td></tr><tr><td style="border-bottom: 1pt solid black; border-top: none; border-left: 1pt solid black; border-right: none; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Other liabilities</div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">35,581</div></div></td><td style="border-bottom: 1pt solid black; border-top: none; border-left: none; border-right: 1pt solid black; padding: 0in 3.5pt; background: none;;vertical-align:top;">&#160;</td></tr><tr><td style="border-bottom: 1pt solid black; border-top: none; border-left: 1pt solid black; border-right: none; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total liabilities</div></div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">386,467</div></div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5,028</div></div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">225,627</div></div></div></div></td><td style="border-bottom: 1pt solid black; border-top: none; border-left: none; border-right: 1pt solid black; padding: 0in 3.5pt; background: none;;vertical-align:top;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin-bottom: 0px; font-family: calibri, sans-serif; background: none; margin-top: 0px; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0in 3.5pt; background: none;">&#160;</td><td style="padding: 0in 3.5pt; background: none;">&#160;</td><td style="padding: 0in 3.5pt; background: none;">&#160;</td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; background: none;;vertical-align:top;">&#160;</td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Income</div></div></div></div></td><td style="padding: 0in 3.5pt; background: none;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></td><td style="padding: 0in 3.5pt; background: none;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></td><td style="padding: 0in 3.5pt; background: none;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; background: none;;vertical-align:top;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Interest and other operating income</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">29,998</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">558</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">11,214</div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; background: none;;vertical-align:top;">&#160;</td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Dividends</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">101,091</div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">(3)</div></div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-top: none; border-left: 1pt solid black; border-right: none; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Others</div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">41,985</div></div></td><td style="border-bottom: 1pt solid black; border-top: none; border-left: none; border-right: 1pt solid black; padding: 0in 3.5pt; background: none;;vertical-align:top;">&#160;</td></tr><tr><td style="border-bottom: 1pt solid black; border-top: none; border-left: 1pt solid black; border-right: none; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net income</div></div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">29,998</div></div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">558</div></div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">154,290</div></div></div></div></td><td style="border-bottom: 1pt solid black; border-top: none; border-left: none; border-right: 1pt solid black; padding: 0in 3.5pt; background: none;;vertical-align:top;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin-bottom: 0px; font-family: calibri, sans-serif; background: none; margin-top: 0px; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0in 3.5pt; background: none;">&#160;</td><td style="padding: 0in 3.5pt; background: none;">&#160;</td><td style="padding: 0in 3.5pt; background: none;">&#160;</td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; background: none;;vertical-align:top;">&#160;</td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Expenses</div></div></div></div></td><td style="padding: 0in 3.5pt; background: none;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></td><td style="padding: 0in 3.5pt; background: none;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></td><td style="padding: 0in 3.5pt; background: none;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; background: none;;vertical-align:top;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Interests and other operating expenses</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">10,844</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; 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line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Fees</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">1,145</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">3</div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; background: none;;vertical-align:top;">&#160;</td></tr><tr><td style="border-bottom: 1pt solid black; border-top: none; border-left: 1pt solid black; border-right: none; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Others</div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">54</div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">80,312</div></div></td><td style="border-bottom: 1pt solid black; border-top: none; border-left: none; border-right: 1pt solid black; padding: 0in 3.5pt; background: none;;vertical-align:top;">&#160;</td></tr><tr><td style="border-bottom: 1pt solid black; border-top: none; border-left: 1pt solid black; border-right: none; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total expenses</div></div></div></div></td><td style="border-top: none; 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top: 0px;;display:inline;">&#160;</div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px; background: none;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-align: justify; text-indent: -0.13in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-left: 0.13in; text-align: justify; text-indent: -0.13in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Investment classified as held for sale. See Note 12. Assets held for sale and Inventories.</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-left: 0.13in; text-align: justify; text-indent: -0.13in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2)</div></div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">This item includes portfolio purchase operation held between Bancolombia S.A. and Titularizadora Colombiana and the outstanding dividend on the preferred shares of the Compa&#241;&#237;a de Financiamiento TUYA S.A.</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-left: 0.13in; text-align: justify; text-indent: -0.13in;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; 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font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2017</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="width: 100%; border-collapse: collapse; border-spacing: 0px;"><tr><td style="border-top: 1pt solid black; border-bottom: 1pt solid black; border-left: 1pt solid black; border-image: initial; width: 55%; border-right: none; padding: 0in; font-size: 10pt; line-height: 10pt;"><div style="margin: 0px 0in; text-align: justify; font-family: calibri, sans-serif; background: none; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: 1pt solid black; width: 17%; border-top: 1pt solid black; border-left: none; border-right: none; padding: 0in; font-size: 10pt; line-height: 10pt;"><div style="margin: 0pt 0in; text-align: center; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Stockholders with an</div></div></div><div style="margin: 0pt 0in; text-align: center; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">interest equal or</div></div></div><div style="margin: 0pt 0in; text-align: center; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif;;font-weight:bold;display:inline;">higher&#160;than 20% of</div><br/><div style="font-family: &quot;times new roman&quot;, times, serif;;font-weight:bold;display:inline;">the Bank&#8217;s capital</div></div></div></td><td style="border-bottom: 1pt solid black; width: 14%; border-top: 1pt solid black; border-left: none; border-right: none; padding: 0in; font-size: 10pt; line-height: 10pt;"><div style="margin: 0pt 0in; text-align: center; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Directors and</div></div></div><div style="margin: 0pt 0in; text-align: center; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">senior</div></div></div><div style="margin: 0pt 0in; text-align: center; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">management</div></div></div></td><td style="border-bottom: 1pt solid black; width: 11%; border-top: 1pt solid black; border-left: none; border-right: none; padding: 0in; font-size: 10pt; line-height: 10pt;"><div style="margin: 0pt 0in; text-align: center; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Associates and</div></div></div><div style="margin: 0pt 0in; text-align: center; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">joint venture</div></div></div></td><td style="border-top: 1pt solid black; border-right: 1pt solid black; border-bottom: 1pt solid black; border-image: initial; width: 3%; border-left: none; padding: 0in; font-size: 12pt; line-height: 12pt;;vertical-align:top;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td colspan="4" style="border-bottom: 1pt solid black; border-top: none; border-left: 1pt solid black; border-right: none; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: center; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td><td style="border-bottom: 1pt solid black; border-top: none; border-left: none; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td colspan="4" style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0px 0in; text-align: center; font-family: calibri, sans-serif; background: none; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0pt 0in; font-family: calibri, sans-serif; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assets</div></div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: normal;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: normal;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: normal;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: normal;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Investments</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">1,855,511</div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 12pt; line-height: 12pt;;vertical-align:top;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Loans and advances to customers and financial entities, net</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">423,706</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">17,342</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">124,592</div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 12pt; line-height: 12pt;;vertical-align:top;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Assets held for sale and inventories</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">18,413</div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">(1)</div></div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-top: none; border-left: 1pt solid black; border-right: none; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Other assets</div></div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">2</div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">127,022</div></div></td><td style="border-bottom: 1pt solid black; border-top: none; border-left: none; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">(2)</div></div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-top: none; border-left: 1pt solid black; border-right: none; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0pt 0in; font-family: calibri, sans-serif; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total assets</div></div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">423,706</div></div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">17,344</div></div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,125,538</div></div></div></div></td><td style="border-bottom: 1pt solid black; border-top: none; border-left: none; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 12pt; line-height: 12pt;;vertical-align:top;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: normal;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0in 3.5pt; font-size: 12pt; line-height: 12pt;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0in 3.5pt; font-size: 12pt; line-height: 12pt;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0in 3.5pt; font-size: 12pt; line-height: 12pt;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 12pt; line-height: 12pt;;vertical-align:top;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0pt 0in; font-family: calibri, sans-serif; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Liabilities</div></div></div></div></td><td style="padding: 0in 3.5pt; font-size: 12pt; line-height: 12pt;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: normal;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 12pt; line-height: 12pt;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: normal;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 12pt; line-height: 12pt;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: normal;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 12pt; line-height: 12pt;;vertical-align:top;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: normal;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Deposits</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">363,335</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">4,363</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">163,932</div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 12pt; line-height: 12pt;;vertical-align:top;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-top: none; border-left: 1pt solid black; border-right: none; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Other liabilities</div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">3</div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">92</div></div></td><td style="border-bottom: 1pt solid black; border-top: none; border-left: none; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 12pt; line-height: 12pt;;vertical-align:top;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-top: none; border-left: 1pt solid black; border-right: none; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0pt 0in; font-family: calibri, sans-serif; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total liabilities</div></div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">363,335</div></div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">4,366</div></div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">164,024</div></div></div></div></td><td style="border-bottom: 1pt solid black; border-top: none; border-left: none; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 12pt; line-height: 12pt;;vertical-align:top;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: normal;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0in 3.5pt; font-size: 12pt; line-height: 12pt;;vertical-align:top;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0in 3.5pt; font-size: 12pt; line-height: 12pt;;vertical-align:top;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0in 3.5pt; font-size: 12pt; line-height: 12pt;;vertical-align:top;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 12pt; line-height: 12pt;;vertical-align:top;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0pt 0in; font-family: calibri, sans-serif; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Income</div></div></div></div></td><td style="padding: 0in 3.5pt; font-size: 12pt; line-height: 12pt;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: normal;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 12pt; line-height: 12pt;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: normal;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 12pt; line-height: 12pt;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: normal;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 12pt; line-height: 12pt;;vertical-align:top;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: normal;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Interest and other operating income</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">6,989</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">419</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">11,224</div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 12pt; line-height: 12pt;;vertical-align:top;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Dividends</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">48,403</div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 12pt; line-height: 12pt;;vertical-align:top;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-top: none; border-left: 1pt solid black; border-right: none; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Others</div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">51,613</div></div></td><td style="border-bottom: 1pt solid black; border-top: none; border-left: none; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 12pt; line-height: 12pt;;vertical-align:top;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-top: none; border-left: 1pt solid black; border-right: none; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0pt 0in; font-family: calibri, sans-serif; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net income</div></div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">6,989</div></div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">419</div></div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">111,240</div></div></div></div></td><td style="border-bottom: 1pt solid black; border-top: none; border-left: none; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 12pt; line-height: 12pt;;vertical-align:top;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: normal;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0in 3.5pt; font-size: 12pt; line-height: 12pt;;vertical-align:top;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0in 3.5pt; font-size: 12pt; line-height: 12pt;;vertical-align:top;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0in 3.5pt; font-size: 12pt; line-height: 12pt;;vertical-align:top;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 12pt; line-height: 12pt;;vertical-align:top;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0pt 0in; font-family: calibri, sans-serif; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Expenses</div></div></div></div></td><td style="padding: 0in 3.5pt; font-size: 12pt; line-height: 12pt;;vertical-align:top;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: normal;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 12pt; line-height: 12pt;;vertical-align:top;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: normal;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 12pt; line-height: 12pt;;vertical-align:top;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: normal;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 12pt; line-height: 12pt;;vertical-align:top;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: normal;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Interests and other operating expenses</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">5,603</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">269</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">20,139</div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 12pt; line-height: 12pt;;vertical-align:top;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Fees</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">1,109</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">19</div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 12pt; line-height: 12pt;;vertical-align:top;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-top: none; border-left: 1pt solid black; border-right: none; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Others</div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">53</div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">29,431</div></div></td><td style="border-bottom: 1pt solid black; border-top: none; border-left: none; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 12pt; line-height: 12pt;;vertical-align:top;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-top: none; border-left: 1pt solid black; border-right: none; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0pt 0in; font-family: calibri, sans-serif; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total expenses</div></div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5,603</div></div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,431</div></div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">49,589</div></div></div></div></td><td style="border-bottom: 1pt solid black; border-top: none; border-left: none; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 12pt; line-height: 12pt;;vertical-align:top;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: normal;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px; background: none;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px; background: none;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-align: justify; text-indent: -0.13in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Investment classified as held for sale. See Note 12. Assets held for sale and Inventories.</div></div></div></td></tr><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">This &#237;tem includes portfolio purchase operation held between Bancolombia S.A. and Titularizadora Colombiana.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div><div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2016</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="width: 100%; border-collapse: collapse; border-spacing: 0px;"><tr><td style="border-top: 1pt solid black; border-bottom: 1pt solid black; border-left: 1pt solid black; border-image: initial; width: 55%; border-right: none; padding: 0in; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: justify; font-family: calibri, sans-serif; background: none; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="margin-bottom: 0pt; text-align: justify; font-family: calibri, sans-serif; background: none; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: 1pt solid black; width: 16%; border-top: 1pt solid black; border-left: none; border-right: none; padding: 0in; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: center; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Stockholders with an </div></div></div><div style="margin-bottom: 0pt; text-align: center; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">interest equal or </div></div></div><div style="margin-bottom: 0pt; text-align: center; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">higher than 20% of </div></div></div><div style="margin-bottom: 0pt; text-align: center; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">the Bank&#8217;s capital</div></div></div></td><td style="border-bottom: 1pt solid black; width: 15%; border-top: 1pt solid black; border-left: none; border-right: none; padding: 0in; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: center; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Directors and<br/>senior </div></div></div><div style="margin-bottom: 0pt; text-align: center; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">management </div></div></div></td><td style="border-top: 1pt solid black; border-right: 1pt solid black; border-bottom: 1pt solid black; border-image: initial; width: 14%; border-left: none; padding: 0in; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: center; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Associates and </div></div></div><div style="margin-bottom: 0pt; text-align: center; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">joint venture <div style="vertical-align: super;font-size: smaller;display:inline;">(1)</div></div></div></div></td></tr><tr><td colspan="4" style="border-right: 1pt solid black; border-bottom: 1pt solid black; border-left: 1pt solid black; border-image: initial; border-top: none; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: center; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td colspan="4" style="border-bottom: none; border-top: none; border-left: 1pt solid black; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: center; font-family: calibri, sans-serif; background: none; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; font-family: calibri, sans-serif; margin-top: 0pt;"><div style="color:#0075c0;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assets</div></div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; font-family: calibri, sans-serif; background: none; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; font-family: calibri, sans-serif; background: none; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; font-family: calibri, sans-serif; background: none; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Investments</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">1,688,543</div></div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Loans and advances to customers and financial entities, net</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">246,245</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">15,709</div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">36,262</div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-top: none; border-left: 1pt solid black; border-right: none; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Other assets</div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">389</div></div></td><td style="border-bottom: 1pt solid black; border-top: none; border-left: none; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">64,078</div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-top: none; border-left: 1pt solid black; border-right: none; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; font-family: calibri, sans-serif; margin-top: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total assets</div></div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">246,245</div></div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">16,098</div></div></div></div></td><td style="border-bottom: 1pt solid black; border-top: none; border-left: none; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,788,883</div></div></div></div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; font-family: calibri, sans-serif; background: none; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; background: none; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; background: none; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; background: none; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; font-family: calibri, sans-serif; margin-top: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Liabilities</div></div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; background: none; margin-top: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; background: none; margin-top: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; background: none; margin-top: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Deposits</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">145,266</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">3,750</div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">230,176</div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-top: none; border-left: 1pt solid black; border-right: none; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Other liabilities</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; border-top: none; border-left: none; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">31,941</div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-top: none; border-left: 1pt solid black; border-right: none; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; font-family: calibri, sans-serif; margin-top: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total Liabilities</div></div></div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; border-left: none; border-right: none; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">145,266</div></div></div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; border-left: none; border-right: none; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,750</div></div></div></div></td><td style="border-bottom: 1pt solid black; border-top: none; border-left: none; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">262,117</div></div></div></div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; font-family: calibri, sans-serif; background: none; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; background: none; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; background: none; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; background: none; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; font-family: calibri, sans-serif; margin-top: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Income</div></div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; background: none; margin-top: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; background: none; margin-top: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; background: none; margin-top: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Interest and other operating income</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">8,951</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">931</div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">6,089</div></div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Dividends</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">49,627</div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-top: none; border-left: 1pt solid black; border-right: none; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Others</div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; border-top: none; border-left: none; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">51,586</div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-top: none; border-left: 1pt solid black; border-right: none; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; font-family: calibri, sans-serif; margin-top: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net income</div></div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">8,951</div></div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">931</div></div></div></div></td><td style="border-bottom: 1pt solid black; border-top: none; border-left: none; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">107,302</div></div></div></div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; font-family: calibri, sans-serif; background: none; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; background: none; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; background: none; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; background: none; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; font-family: calibri, sans-serif; margin-top: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Expenses</div></div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; background: none; margin-top: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; background: none; margin-top: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; background: none; margin-top: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Interests and other operating expenses</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">430</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">767</div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">13,912</div></div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Fees</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">1,001</div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">5</div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-top: none; border-left: 1pt solid black; border-right: none; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Others</div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; border-top: none; border-left: none; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">37,370</div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-top: none; border-left: 1pt solid black; border-right: none; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; font-family: calibri, sans-serif; margin-top: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total expenses</div></div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">430</div></div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,768</div></div></div></div></td><td style="border-bottom: 1pt solid black; border-top: none; border-left: none; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">51,287</div></div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px; background: none;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div><div style="margin-bottom: 0px; margin-top: 0px;">&#160;</div><table cellpadding="0" cellspacing="0" style="font: 10pt &quot;times new roman&quot;, times, serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px; table-layout: fixed;"><tr style="text-align: justify; vertical-align: top;"><td style="width: 0px; font-family: &quot;times new roman&quot;, times, serif; padding: 0px;"></td><td style="width: 0.25in; text-align: left; font-family: &quot;times new roman&quot;, times, serif; padding-left: 0px; padding-top: 0px; padding-bottom: 0px;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">(1)</div></div></td><td style="text-align: justify; font-family: &quot;times new roman&quot;, times, serif; padding-left: 0px; padding-top: 0px; padding-bottom: 0px;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">This &#237;tem includes operations held between Bancolombia S.A. and Compa&#241;&#237;a de Financiamiento Tuya S.A. since November 1, 2016 when the Bank lost control of Tuya S.A. Furthermore, the item includes operations held between Bancolombia S.A. and Sociedad Servicios de Aceptaci&#243;n S.A.S. since June 2016, when that company was set up.</div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px; background: none;"></div><div style="font: 10pt &quot;times new roman&quot;, times, serif; margin: 0px; text-align: justify; background: none;">&#160;</div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">During the years ending December 31, 2018, 2017 and 2016, the Bank paid fees to the directors COP&#160;1,145, COP 1,109 and COP 1,001,&#160;respectively,&#160;as compensation for attending meetings of Board and Support Committees (Audit Committee, etc.).</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Payments to senior management in the same periods were COP 17,245, COP 14,320 and COP 12,956, respectively, for short-term benefits, COP 427, COP 922 and COP 589, respectively, for long-term benefits COP 590, COP 460 and COP 13,994, respectively for other payments for post &#8211; employemnet benefits.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Parent company, which is also the ultimate parent company, is Bancolombia S.A. 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font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table shows the operations carried out in 2018 and 2017 on the related party chart of the Grupo Sura conglomerate:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="width: 100%; border-collapse: collapse; border-spacing: 0px;"><tr><td style="border-top: 1pt solid black; border-bottom: 1pt solid black; border-left: 1pt solid black; border-image: initial; width: 63%; border-right: none; padding: 0in; font-size: 10pt; line-height: 10pt;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: 1pt solid black; width: 18%; border-top: 1pt solid black; border-left: none; border-right: none; padding: 0in; font-size: 10pt; line-height: 10pt;"><div style="text-align: center; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-top: 1pt solid black; border-right: 1pt solid black; border-bottom: 1pt solid black; border-image: initial; width: 19%; border-left: none; padding: 0in; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: center; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: 1pt solid black; border-top: none; border-left: 1pt solid black; border-right: none; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; width: 0px;"><div style="text-align: center; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; 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font-family: calibri, sans-serif; background: none; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0pt 0in; font-family: calibri, sans-serif; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assets</div></div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: normal;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: normal;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Investments</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">440,294</div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; 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padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">2</div></div></td><td style="border-bottom: 1pt solid black; border-top: none; border-left: none; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">8</div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-top: none; border-left: 1pt solid black; border-right: none; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0pt 0in; font-family: calibri, sans-serif; line-height: normal;"><div style="color: rgb(0, 117, 192); 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margin: 0pt 0in; font-family: calibri, sans-serif; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">567,457</div></div></div></div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0in 3.5pt; background: none;;vertical-align:top;">&#160;</td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; background: none;;vertical-align:top;">&#160;</td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0pt 0in; font-family: calibri, sans-serif; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Liabilities</div></div></div></div></td><td style="padding: 0in 3.5pt; background: none;;vertical-align:top;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; background: none;;vertical-align:top;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Deposits</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">1,347,005</div></div></td><td style="border-top: none; border-bottom: none; border-left: none; 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font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">5,818</div></div></td><td style="border-bottom: 1pt solid black; border-top: none; border-left: none; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">1,882</div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-top: none; border-left: 1pt solid black; border-right: none; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0pt 0in; font-family: calibri, sans-serif; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total liabilities</div></div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,352,823</div></div></div></div></td><td style="border-bottom: 1pt solid black; border-top: none; border-left: none; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,017,405</div></div></div></div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0in 3.5pt; background: none;;vertical-align:top;">&#160;</td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; background: none;;vertical-align:top;">&#160;</td></tr><tr><td style="border-top: none; border-left: 1pt solid black; border-right: none; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0pt 0in; font-family: calibri, sans-serif; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Income</div></div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; padding: 0in 3.5pt; background: none;;vertical-align:top;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></td><td style="border-top: none; border-left: none; border-right: 1pt solid black; padding: 0in 3.5pt; background: none;;vertical-align:top;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Interest and other operating income</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">602,831</div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">488,190</div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-top: none; border-left: 1pt solid black; border-right: none; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Dividends</div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">14,909</div></div></td><td style="border-bottom: 1pt solid black; border-top: none; border-left: none; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">15,021</div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-top: none; border-left: 1pt solid black; border-right: none; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0pt 0in; font-family: calibri, sans-serif; line-height: normal;"><div style="color: rgb(0, 117, 192); 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margin: 0pt 0in; font-family: calibri, sans-serif; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">503,211</div></div></div></div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0in 3.5pt; background: none;;vertical-align:top;">&#160;</td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; background: none;;vertical-align:top;">&#160;</td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0pt 0in; font-family: calibri, sans-serif; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Expenses</div></div></div></div></td><td style="padding: 0in 3.5pt; background: none;;vertical-align:top;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; background: none;;vertical-align:top;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Interests and other operating expenses</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">54,758</div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">32,568</div></div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Fees</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">2</div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">4</div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-top: none; border-left: 1pt solid black; border-right: none; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Others</div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">3,025</div></div></td><td style="border-bottom: 1pt solid black; border-top: none; border-left: none; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">4,788</div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-top: none; border-left: 1pt solid black; border-right: none; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0pt 0in; font-family: calibri, sans-serif; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total expenses</div></div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">57,785</div></div></div></div></td><td style="border-bottom: 1pt solid black; border-top: none; border-left: none; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">37,360</div></div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px; background: none;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">In 2016, through&#160;public&#160;deed number 1,124, a merger between the Parent Company (absorbing entity) and Leasing Bancolombia S.A. (absorbed entity) was completed, with the objective of taking advantage of synergies and complementarities between the two entities, seeking greater efficiencies and delivering a better value proposition to clients. As a result of the merger, Bancolombia became the holder of all the rights and obligations of Leasing Bancolombia and continues to offer its clients the portfolio of leasing products and services.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">As a result of the merger, on September 30, 2016, the Parent company recognized in its statement of financial position the assets and liabilities at their carrying value in Leasing Bancolombia&#8217;s financial statements, including the portfolio loans and financial leasing contracts amounting to COP 15,186,102, cash and cash equivalents amounting to COP 295,852 and other assets amounting to COP 1,097,058. On the other hand, the Parent company assumed liabilities in deposits from customers amounting to COP 8,944,845, debt instruments in issued amounting to COP 2,387,940 and other liabilities amounting to COP 3,117,115.</div></div> <table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table shows the operations carried out in 2018 and 2017 on the related party chart of the Grupo Sura conglomerate:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="width: 100%; border-collapse: collapse; border-spacing: 0px;"><tr><td style="border-top: 1pt solid black; border-bottom: 1pt solid black; border-left: 1pt solid black; border-image: initial; width: 63%; border-right: none; padding: 0in; font-size: 10pt; line-height: 10pt;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: 1pt solid black; width: 18%; border-top: 1pt solid black; border-left: none; border-right: none; padding: 0in; font-size: 10pt; line-height: 10pt;"><div style="text-align: center; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-top: 1pt solid black; border-right: 1pt solid black; border-bottom: 1pt solid black; border-image: initial; width: 19%; border-left: none; padding: 0in; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: center; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: 1pt solid black; border-top: none; border-left: 1pt solid black; border-right: none; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; width: 0px;"><div style="text-align: center; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millons of COP</div></div></div></div></td></tr><tr><td colspan="2" style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="margin: 0px 0in; text-align: center; font-family: calibri, sans-serif; background: none; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="margin: 0px 0in; text-align: center; font-family: calibri, sans-serif; background: none; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0pt 0in; font-family: calibri, sans-serif; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assets</div></div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: normal;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: normal;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Investments</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">440,294</div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">376,171</div></div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Loans and advances to customers and financial entities, net</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">455,675</div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">191,278</div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-top: none; border-left: 1pt solid black; border-right: none; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Other assets</div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">2</div></div></td><td style="border-bottom: 1pt solid black; border-top: none; border-left: none; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">8</div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-top: none; border-left: 1pt solid black; border-right: none; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0pt 0in; font-family: calibri, sans-serif; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total assets</div></div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">895,971</div></div></div></div></td><td style="border-bottom: 1pt solid black; border-top: none; border-left: none; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">567,457</div></div></div></div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0in 3.5pt; background: none;;vertical-align:top;">&#160;</td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; background: none;;vertical-align:top;">&#160;</td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0pt 0in; font-family: calibri, sans-serif; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Liabilities</div></div></div></div></td><td style="padding: 0in 3.5pt; background: none;;vertical-align:top;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; background: none;;vertical-align:top;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Deposits</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">1,347,005</div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">1,015,523</div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-top: none; border-left: 1pt solid black; border-right: none; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Other liabilities</div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">5,818</div></div></td><td style="border-bottom: 1pt solid black; border-top: none; border-left: none; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">1,882</div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-top: none; border-left: 1pt solid black; border-right: none; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0pt 0in; font-family: calibri, sans-serif; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total liabilities</div></div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,352,823</div></div></div></div></td><td style="border-bottom: 1pt solid black; border-top: none; border-left: none; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,017,405</div></div></div></div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0in 3.5pt; background: none;;vertical-align:top;">&#160;</td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; background: none;;vertical-align:top;">&#160;</td></tr><tr><td style="border-top: none; border-left: 1pt solid black; border-right: none; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0pt 0in; font-family: calibri, sans-serif; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Income</div></div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; padding: 0in 3.5pt; background: none;;vertical-align:top;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></td><td style="border-top: none; border-left: none; border-right: 1pt solid black; padding: 0in 3.5pt; background: none;;vertical-align:top;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Interest and other operating income</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">602,831</div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">488,190</div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-top: none; border-left: 1pt solid black; border-right: none; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Dividends</div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">14,909</div></div></td><td style="border-bottom: 1pt solid black; border-top: none; border-left: none; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">15,021</div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-top: none; border-left: 1pt solid black; border-right: none; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0pt 0in; font-family: calibri, sans-serif; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net income</div></div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">617,740</div></div></div></div></td><td style="border-bottom: 1pt solid black; border-top: none; border-left: none; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">503,211</div></div></div></div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0in 3.5pt; background: none;;vertical-align:top;">&#160;</td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; background: none;;vertical-align:top;">&#160;</td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0pt 0in; font-family: calibri, sans-serif; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Expenses</div></div></div></div></td><td style="padding: 0in 3.5pt; background: none;;vertical-align:top;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; background: none;;vertical-align:top;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Interests and other operating expenses</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">54,758</div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">32,568</div></div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Fees</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">2</div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">4</div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-top: none; border-left: 1pt solid black; border-right: none; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Others</div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">3,025</div></div></td><td style="border-bottom: 1pt solid black; border-top: none; border-left: none; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">4,788</div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-top: none; border-left: 1pt solid black; border-right: none; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0pt 0in; font-family: calibri, sans-serif; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total expenses</div></div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">57,785</div></div></div></div></td><td style="border-bottom: 1pt solid black; border-top: none; border-left: none; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">37,360</div></div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px; background: none;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2018</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="width: 100%; border-collapse: collapse; border-spacing: 0px;"><tr><td style="border-top: 1pt solid black; border-bottom: 1pt solid black; border-left: 1pt solid black; border-image: initial; width: 55%; border-right: none; padding: 0in; font-size: 10pt; line-height: 10pt;"><div style="margin-bottom: 0px; text-align: justify; font-family: calibri, sans-serif; background: none; margin-top: 0px; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: 1pt solid black; width: 16%; border-top: 1pt solid black; border-left: none; border-right: none; padding: 0in; font-size: 10pt; line-height: 10pt;"><div style="margin-bottom: 0pt; text-align: center; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Stockholders with an</div></div></div><div style="margin-bottom: 0pt; text-align: center; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">interest equal or</div></div></div><div style="margin-bottom: 0pt; text-align: center; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">higher than 20% of</div></div></div><div style="margin-bottom: 0pt; text-align: center; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">the Bank&#8217;s capital</div></div></div></td><td style="border-bottom: 1pt solid black; width: 13%; border-top: 1pt solid black; border-left: none; border-right: none; padding: 0in; font-size: 10pt; line-height: 10pt;"><div style="margin-bottom: 0pt; text-align: center; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Directors and</div></div></div><div style="margin-bottom: 0pt; text-align: center; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">senior</div></div></div><div style="margin-bottom: 0pt; text-align: center; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">management</div></div></div></td><td style="border-bottom: 1pt solid black; width: 13%; border-top: 1pt solid black; border-left: none; border-right: none; padding: 0in; font-size: 10pt; line-height: 10pt;"><div style="margin-bottom: 0pt; text-align: center; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Associates and</div></div></div><div style="margin-bottom: 0pt; text-align: center; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">joint venture</div></div></div></td><td style="border-top: 1pt solid black; border-right: 1pt solid black; border-bottom: 1pt solid black; border-image: initial; width: 3%; border-left: none; padding: 0in; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="margin-bottom: 0px; text-align: center; font-family: calibri, sans-serif; background: none; margin-top: 0px; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td colspan="4" style="border-bottom: 1pt solid black; border-top: none; border-left: 1pt solid black; border-right: none; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: center; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></div></td><td style="border-bottom: 1pt solid black; border-top: none; border-left: none; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="margin-bottom: 0px; text-align: center; font-family: calibri, sans-serif; background: none; margin-top: 0px; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td colspan="4" style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin-bottom: 0px; text-align: center; font-family: calibri, sans-serif; background: none; margin-top: 0px; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="margin-bottom: 0px; text-align: center; font-family: calibri, sans-serif; background: none; margin-top: 0px; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assets</div></div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin-bottom: 0px; font-family: calibri, sans-serif; background: none; margin-top: 0px; line-height: normal;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin-bottom: 0px; font-family: calibri, sans-serif; background: none; margin-top: 0px; line-height: normal;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin-bottom: 0px; font-family: calibri, sans-serif; background: none; margin-top: 0px; line-height: normal;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="margin-bottom: 0px; font-family: calibri, sans-serif; background: none; margin-top: 0px; line-height: normal;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Investments</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;">-</div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;">11</div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;">2,450,467</div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; background: none;;vertical-align:top;">&#160;</td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Loans and advances to customers and financial entities, net</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">642,319</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">21,331</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">108,833</div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; background: none;;vertical-align:top;">&#160;</td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Assets held for sale and inventories</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">19,128</div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">(1)</div></div></div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-top: none; border-left: 1pt solid black; border-right: none; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Other assets</div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">177,537</div></div></td><td style="border-bottom: 1pt solid black; border-top: none; border-left: none; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">(2)</div></div></div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-top: none; border-left: 1pt solid black; border-right: none; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total assets</div></div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">642,319</div></div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">21,342</div></div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,755,965</div></div></div></div></td><td style="border-bottom: 1pt solid black; border-top: none; border-left: none; border-right: 1pt solid black; padding: 0in 3.5pt; background: none;;vertical-align:top;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin-bottom: 0px; font-family: calibri, sans-serif; background: none; margin-top: 0px; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0in 3.5pt; background: none;">&#160;</td><td style="padding: 0in 3.5pt; background: none;">&#160;</td><td style="padding: 0in 3.5pt; background: none;">&#160;</td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; background: none;;vertical-align:top;">&#160;</td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Liabilities</div></div></div></div></td><td style="padding: 0in 3.5pt; background: none;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></td><td style="padding: 0in 3.5pt; background: none;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></td><td style="padding: 0in 3.5pt; background: none;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; background: none;;vertical-align:top;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Deposits</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">386,467</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">5,028</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">190,046</div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; background: none;;vertical-align:top;">&#160;</td></tr><tr><td style="border-bottom: 1pt solid black; border-top: none; border-left: 1pt solid black; border-right: none; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Other liabilities</div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">35,581</div></div></td><td style="border-bottom: 1pt solid black; border-top: none; border-left: none; border-right: 1pt solid black; padding: 0in 3.5pt; background: none;;vertical-align:top;">&#160;</td></tr><tr><td style="border-bottom: 1pt solid black; border-top: none; border-left: 1pt solid black; border-right: none; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total liabilities</div></div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">386,467</div></div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5,028</div></div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">225,627</div></div></div></div></td><td style="border-bottom: 1pt solid black; border-top: none; border-left: none; border-right: 1pt solid black; padding: 0in 3.5pt; background: none;;vertical-align:top;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin-bottom: 0px; font-family: calibri, sans-serif; background: none; margin-top: 0px; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0in 3.5pt; background: none;">&#160;</td><td style="padding: 0in 3.5pt; background: none;">&#160;</td><td style="padding: 0in 3.5pt; background: none;">&#160;</td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; background: none;;vertical-align:top;">&#160;</td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Income</div></div></div></div></td><td style="padding: 0in 3.5pt; background: none;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></td><td style="padding: 0in 3.5pt; background: none;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></td><td style="padding: 0in 3.5pt; background: none;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; background: none;;vertical-align:top;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Interest and other operating income</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">29,998</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">558</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">11,214</div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; background: none;;vertical-align:top;">&#160;</td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Dividends</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">101,091</div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">(3)</div></div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-top: none; border-left: 1pt solid black; border-right: none; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Others</div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">41,985</div></div></td><td style="border-bottom: 1pt solid black; border-top: none; border-left: none; border-right: 1pt solid black; padding: 0in 3.5pt; background: none;;vertical-align:top;">&#160;</td></tr><tr><td style="border-bottom: 1pt solid black; border-top: none; border-left: 1pt solid black; border-right: none; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net income</div></div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">29,998</div></div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">558</div></div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">154,290</div></div></div></div></td><td style="border-bottom: 1pt solid black; border-top: none; border-left: none; border-right: 1pt solid black; padding: 0in 3.5pt; background: none;;vertical-align:top;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin-bottom: 0px; font-family: calibri, sans-serif; background: none; margin-top: 0px; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0in 3.5pt; background: none;">&#160;</td><td style="padding: 0in 3.5pt; background: none;">&#160;</td><td style="padding: 0in 3.5pt; background: none;">&#160;</td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; background: none;;vertical-align:top;">&#160;</td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Expenses</div></div></div></div></td><td style="padding: 0in 3.5pt; background: none;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></td><td style="padding: 0in 3.5pt; background: none;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></td><td style="padding: 0in 3.5pt; background: none;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; background: none;;vertical-align:top;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Interests and other operating expenses</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">10,844</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">239</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">5,790</div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; background: none;;vertical-align:top;">&#160;</td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Fees</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">1,145</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">3</div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; background: none;;vertical-align:top;">&#160;</td></tr><tr><td style="border-bottom: 1pt solid black; border-top: none; border-left: 1pt solid black; border-right: none; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Others</div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">54</div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">80,312</div></div></td><td style="border-bottom: 1pt solid black; border-top: none; border-left: none; border-right: 1pt solid black; padding: 0in 3.5pt; background: none;;vertical-align:top;">&#160;</td></tr><tr><td style="border-bottom: 1pt solid black; border-top: none; border-left: 1pt solid black; border-right: none; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total expenses</div></div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">10,844</div></div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; 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top: 0px;;display:inline;">&#160;</div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px; background: none;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-align: justify; text-indent: -0.13in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-left: 0.13in; text-align: justify; text-indent: -0.13in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Investment classified as held for sale. See Note 12. 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font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2017</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="width: 100%; border-collapse: collapse; border-spacing: 0px;"><tr><td style="border-top: 1pt solid black; border-bottom: 1pt solid black; border-left: 1pt solid black; border-image: initial; width: 55%; border-right: none; padding: 0in; font-size: 10pt; line-height: 10pt;"><div style="margin: 0px 0in; text-align: justify; font-family: calibri, sans-serif; background: none; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: 1pt solid black; width: 17%; border-top: 1pt solid black; border-left: none; border-right: none; padding: 0in; font-size: 10pt; line-height: 10pt;"><div style="margin: 0pt 0in; text-align: center; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Stockholders with an</div></div></div><div style="margin: 0pt 0in; text-align: center; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">interest equal or</div></div></div><div style="margin: 0pt 0in; text-align: center; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif;;font-weight:bold;display:inline;">higher&#160;than 20% of</div><br/><div style="font-family: &quot;times new roman&quot;, times, serif;;font-weight:bold;display:inline;">the Bank&#8217;s capital</div></div></div></td><td style="border-bottom: 1pt solid black; width: 14%; border-top: 1pt solid black; border-left: none; border-right: none; padding: 0in; font-size: 10pt; line-height: 10pt;"><div style="margin: 0pt 0in; text-align: center; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Directors and</div></div></div><div style="margin: 0pt 0in; text-align: center; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">senior</div></div></div><div style="margin: 0pt 0in; text-align: center; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">management</div></div></div></td><td style="border-bottom: 1pt solid black; width: 11%; border-top: 1pt solid black; border-left: none; border-right: none; padding: 0in; font-size: 10pt; line-height: 10pt;"><div style="margin: 0pt 0in; text-align: center; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Associates and</div></div></div><div style="margin: 0pt 0in; text-align: center; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">joint venture</div></div></div></td><td style="border-top: 1pt solid black; border-right: 1pt solid black; border-bottom: 1pt solid black; border-image: initial; width: 3%; border-left: none; padding: 0in; font-size: 12pt; line-height: 12pt;;vertical-align:top;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td colspan="4" style="border-bottom: 1pt solid black; border-top: none; border-left: 1pt solid black; border-right: none; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: center; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td><td style="border-bottom: 1pt solid black; border-top: none; border-left: none; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td colspan="4" style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0px 0in; text-align: center; font-family: calibri, sans-serif; background: none; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0pt 0in; font-family: calibri, sans-serif; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assets</div></div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: normal;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: normal;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: normal;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: normal;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Investments</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">1,855,511</div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 12pt; line-height: 12pt;;vertical-align:top;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Loans and advances to customers and financial entities, net</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">423,706</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">17,342</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">124,592</div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 12pt; line-height: 12pt;;vertical-align:top;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Assets held for sale and inventories</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">18,413</div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">(1)</div></div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-top: none; border-left: 1pt solid black; border-right: none; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Other assets</div></div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">2</div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">127,022</div></div></td><td style="border-bottom: 1pt solid black; border-top: none; border-left: none; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;;vertical-align:top;"><div style="margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">(2)</div></div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-top: none; border-left: 1pt solid black; border-right: none; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0pt 0in; font-family: calibri, sans-serif; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total assets</div></div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">423,706</div></div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">17,344</div></div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,125,538</div></div></div></div></td><td style="border-bottom: 1pt solid black; border-top: none; border-left: none; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 12pt; line-height: 12pt;;vertical-align:top;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: normal;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0in 3.5pt; font-size: 12pt; line-height: 12pt;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0in 3.5pt; font-size: 12pt; line-height: 12pt;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0in 3.5pt; font-size: 12pt; line-height: 12pt;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 12pt; line-height: 12pt;;vertical-align:top;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0pt 0in; font-family: calibri, sans-serif; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Liabilities</div></div></div></div></td><td style="padding: 0in 3.5pt; font-size: 12pt; line-height: 12pt;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: normal;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 12pt; line-height: 12pt;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: normal;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 12pt; line-height: 12pt;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: normal;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 12pt; line-height: 12pt;;vertical-align:top;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: normal;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Deposits</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">363,335</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">4,363</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">163,932</div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 12pt; line-height: 12pt;;vertical-align:top;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-top: none; border-left: 1pt solid black; border-right: none; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Other liabilities</div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">3</div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">92</div></div></td><td style="border-bottom: 1pt solid black; border-top: none; border-left: none; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 12pt; line-height: 12pt;;vertical-align:top;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-top: none; border-left: 1pt solid black; border-right: none; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0pt 0in; font-family: calibri, sans-serif; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total liabilities</div></div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">363,335</div></div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">4,366</div></div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">164,024</div></div></div></div></td><td style="border-bottom: 1pt solid black; border-top: none; border-left: none; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 12pt; line-height: 12pt;;vertical-align:top;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: normal;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0in 3.5pt; font-size: 12pt; line-height: 12pt;;vertical-align:top;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0in 3.5pt; font-size: 12pt; line-height: 12pt;;vertical-align:top;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0in 3.5pt; font-size: 12pt; line-height: 12pt;;vertical-align:top;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 12pt; line-height: 12pt;;vertical-align:top;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0pt 0in; font-family: calibri, sans-serif; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Income</div></div></div></div></td><td style="padding: 0in 3.5pt; font-size: 12pt; line-height: 12pt;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: normal;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 12pt; line-height: 12pt;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: normal;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 12pt; line-height: 12pt;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: normal;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 12pt; line-height: 12pt;;vertical-align:top;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: normal;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Interest and other operating income</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">6,989</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">419</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">11,224</div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 12pt; line-height: 12pt;;vertical-align:top;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Dividends</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">48,403</div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 12pt; line-height: 12pt;;vertical-align:top;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-top: none; border-left: 1pt solid black; border-right: none; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Others</div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">51,613</div></div></td><td style="border-bottom: 1pt solid black; border-top: none; border-left: none; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 12pt; line-height: 12pt;;vertical-align:top;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-top: none; border-left: 1pt solid black; border-right: none; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0pt 0in; font-family: calibri, sans-serif; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net income</div></div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">6,989</div></div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">419</div></div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">111,240</div></div></div></div></td><td style="border-bottom: 1pt solid black; border-top: none; border-left: none; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 12pt; line-height: 12pt;;vertical-align:top;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: normal;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0in 3.5pt; font-size: 12pt; line-height: 12pt;;vertical-align:top;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0in 3.5pt; font-size: 12pt; line-height: 12pt;;vertical-align:top;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0in 3.5pt; font-size: 12pt; line-height: 12pt;;vertical-align:top;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 12pt; line-height: 12pt;;vertical-align:top;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0pt 0in; font-family: calibri, sans-serif; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Expenses</div></div></div></div></td><td style="padding: 0in 3.5pt; font-size: 12pt; line-height: 12pt;;vertical-align:top;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: normal;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 12pt; line-height: 12pt;;vertical-align:top;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: normal;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 12pt; line-height: 12pt;;vertical-align:top;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: normal;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 12pt; line-height: 12pt;;vertical-align:top;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: normal;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Interests and other operating expenses</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">5,603</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">269</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">20,139</div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 12pt; line-height: 12pt;;vertical-align:top;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Fees</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">1,109</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">19</div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 12pt; line-height: 12pt;;vertical-align:top;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-top: none; border-left: 1pt solid black; border-right: none; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Others</div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">53</div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">29,431</div></div></td><td style="border-bottom: 1pt solid black; border-top: none; border-left: none; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 12pt; line-height: 12pt;;vertical-align:top;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-top: none; border-left: 1pt solid black; border-right: none; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="margin: 0pt 0in; font-family: calibri, sans-serif; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total expenses</div></div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5,603</div></div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,431</div></div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt;"><div style="text-align: right; margin: 0pt 0in; font-family: calibri, sans-serif; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">49,589</div></div></div></div></td><td style="border-bottom: 1pt solid black; border-top: none; border-left: none; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 12pt; line-height: 12pt;;vertical-align:top;"><div style="margin: 0px 0in; font-family: calibri, sans-serif; background: none; line-height: normal;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px; background: none;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px; background: none;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-align: justify; text-indent: -0.13in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Investment classified as held for sale. See Note 12. Assets held for sale and Inventories.</div></div></div></td></tr><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">This &#237;tem includes portfolio purchase operation held between Bancolombia S.A. and Titularizadora Colombiana.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div><div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2016</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="width: 100%; border-collapse: collapse; border-spacing: 0px;"><tr><td style="border-top: 1pt solid black; border-bottom: 1pt solid black; border-left: 1pt solid black; border-image: initial; width: 55%; border-right: none; padding: 0in; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: justify; font-family: calibri, sans-serif; background: none; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="margin-bottom: 0pt; text-align: justify; font-family: calibri, sans-serif; background: none; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: 1pt solid black; width: 16%; border-top: 1pt solid black; border-left: none; border-right: none; padding: 0in; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: center; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Stockholders with an </div></div></div><div style="margin-bottom: 0pt; text-align: center; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">interest equal or </div></div></div><div style="margin-bottom: 0pt; text-align: center; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">higher than 20% of </div></div></div><div style="margin-bottom: 0pt; text-align: center; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">the Bank&#8217;s capital</div></div></div></td><td style="border-bottom: 1pt solid black; width: 15%; border-top: 1pt solid black; border-left: none; border-right: none; padding: 0in; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: center; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Directors and<br/>senior </div></div></div><div style="margin-bottom: 0pt; text-align: center; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">management </div></div></div></td><td style="border-top: 1pt solid black; border-right: 1pt solid black; border-bottom: 1pt solid black; border-image: initial; width: 14%; border-left: none; padding: 0in; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: center; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Associates and </div></div></div><div style="margin-bottom: 0pt; text-align: center; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">joint venture <div style="vertical-align: super;font-size: smaller;display:inline;">(1)</div></div></div></div></td></tr><tr><td colspan="4" style="border-right: 1pt solid black; border-bottom: 1pt solid black; border-left: 1pt solid black; border-image: initial; border-top: none; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: center; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td colspan="4" style="border-bottom: none; border-top: none; border-left: 1pt solid black; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: center; font-family: calibri, sans-serif; background: none; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; font-family: calibri, sans-serif; margin-top: 0pt;"><div style="color:#0075c0;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assets</div></div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; font-family: calibri, sans-serif; background: none; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; font-family: calibri, sans-serif; background: none; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; font-family: calibri, sans-serif; background: none; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Investments</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">1,688,543</div></div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Loans and advances to customers and financial entities, net</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">246,245</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">15,709</div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">36,262</div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-top: none; border-left: 1pt solid black; border-right: none; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Other assets</div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">389</div></div></td><td style="border-bottom: 1pt solid black; border-top: none; border-left: none; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">64,078</div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-top: none; border-left: 1pt solid black; border-right: none; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; font-family: calibri, sans-serif; margin-top: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total assets</div></div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">246,245</div></div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">16,098</div></div></div></div></td><td style="border-bottom: 1pt solid black; border-top: none; border-left: none; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,788,883</div></div></div></div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; font-family: calibri, sans-serif; background: none; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; background: none; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; background: none; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; background: none; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; font-family: calibri, sans-serif; margin-top: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Liabilities</div></div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; background: none; margin-top: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; background: none; margin-top: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; background: none; margin-top: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Deposits</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">145,266</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">3,750</div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">230,176</div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-top: none; border-left: 1pt solid black; border-right: none; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Other liabilities</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; border-top: none; border-left: none; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">31,941</div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-top: none; border-left: 1pt solid black; border-right: none; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; font-family: calibri, sans-serif; margin-top: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total Liabilities</div></div></div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; border-left: none; border-right: none; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">145,266</div></div></div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; border-left: none; border-right: none; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,750</div></div></div></div></td><td style="border-bottom: 1pt solid black; border-top: none; border-left: none; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">262,117</div></div></div></div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; font-family: calibri, sans-serif; background: none; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; background: none; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; background: none; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; background: none; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; font-family: calibri, sans-serif; margin-top: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Income</div></div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; background: none; margin-top: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; background: none; margin-top: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; background: none; margin-top: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Interest and other operating income</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">8,951</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">931</div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">6,089</div></div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Dividends</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">49,627</div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-top: none; border-left: 1pt solid black; border-right: none; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Others</div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; border-top: none; border-left: none; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">51,586</div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-top: none; border-left: 1pt solid black; border-right: none; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; font-family: calibri, sans-serif; margin-top: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net income</div></div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">8,951</div></div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">931</div></div></div></div></td><td style="border-bottom: 1pt solid black; border-top: none; border-left: none; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">107,302</div></div></div></div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; font-family: calibri, sans-serif; background: none; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; background: none; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; background: none; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; background: none; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; font-family: calibri, sans-serif; margin-top: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Expenses</div></div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; background: none; margin-top: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; background: none; margin-top: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; background: none; margin-top: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Interests and other operating expenses</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">430</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">767</div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">13,912</div></div></td></tr><tr><td style="border-top: none; border-right: none; border-bottom: none; border-image: initial; border-left: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Fees</div></div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">1,001</div></div></td><td style="border-top: none; border-bottom: none; border-left: none; border-image: initial; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">5</div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-top: none; border-left: 1pt solid black; border-right: none; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Others</div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; border-top: none; border-left: none; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: 14pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">37,370</div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-top: none; border-left: 1pt solid black; border-right: none; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; font-family: calibri, sans-serif; margin-top: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total expenses</div></div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">430</div></div></div></div></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,768</div></div></div></div></td><td style="border-bottom: 1pt solid black; border-top: none; border-left: none; border-right: 1pt solid black; padding: 0in 3.5pt; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="margin-bottom: 0pt; text-align: right; font-family: calibri, sans-serif; margin-top: 0pt; line-height: normal;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">51,287</div></div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px; background: none;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div><div style="margin-bottom: 0px; margin-top: 0px;">&#160;</div><table cellpadding="0" cellspacing="0" style="font: 10pt &quot;times new roman&quot;, times, serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px; table-layout: fixed;"><tr style="text-align: justify; vertical-align: top;"><td style="width: 0px; font-family: &quot;times new roman&quot;, times, serif; padding: 0px;"></td><td style="width: 0.25in; text-align: left; font-family: &quot;times new roman&quot;, times, serif; padding-left: 0px; padding-top: 0px; padding-bottom: 0px;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">(1)</div></div></td><td style="text-align: justify; font-family: &quot;times new roman&quot;, times, serif; padding-left: 0px; padding-top: 0px; padding-bottom: 0px;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">This &#237;tem includes operations held between Bancolombia S.A. and Compa&#241;&#237;a de Financiamiento Tuya S.A. since November 1, 2016 when the Bank lost control of Tuya S.A. Furthermore, the item includes operations held between Bancolombia S.A. and Sociedad Servicios de Aceptaci&#243;n S.A.S. since June 2016, when that company was set up.</div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px; background: none;"></div><div style="font: 10pt &quot;times new roman&quot;, times, serif; margin: 0px; text-align: justify; background: none;">&#160;</div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="border-bottom: solid #ffffff 1.0pt;border-left: none;border-right: none;border-top: none;"><div style="font-family: 'times new roman', 'serif';font-size: 16pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 16pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">NOTE 1. REPORTING ENTITY</div></div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Bancolombia S.A., hereinafter the Parent Company, is a credit establishment, listed on the Colombia Stock Exchange (BVC), as well as on the New York Stock Exchange (NYSE), since 1981 and 1995, respectively. The Parent Company's main location is in Medellin (Colombia), and its principal address is Carrera 48 # 26-85, Avenida Los Industriales. 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letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Subsidiaries</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; 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letter-spacing: 0px; top: 0px;;display:inline;">&#61623;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Power over the investee that give it the ability to direct their relevant activities that significantly affect the investee&#8217;s returns.</div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; 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background: none;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: symbol; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#61623;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Ability to use its power over the investee to affect the investor&#8217;s returns</div></div></td></tr></table><div style="clear: both; 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font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">PROPORTION OF</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">OWNERSHIP</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">INTEREST AND</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;VOTING POWER</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;HELD BY THE</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">BANK&#160;2016</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Fiduciaria Bancolombia S.A. Sociedad Fiduciaria</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Trust</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">98.81%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">98.81%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">98.81%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Banca de Inversi&#243;n Bancolombia S.A. Corporaci&#243;n Financiera</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Investment banking</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Valores Bancolombia S.A. Comisionista de Bolsa</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Securities brokerage</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Renting Colombia S.A.S. </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Operating leasing</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Transportempo S.A.S.</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Transportation</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Valores Simesa S.A. <div style="vertical-align: super;font-size: smaller;display:inline;">(1)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Investments</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">67.73%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">68.57%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">68.57%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Inversiones CFNS S.A.S.</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Investments</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">99.94%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">99.94%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">99.94%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">BIBA Inmobiliaria S.A.S.</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Real estate broker</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">FCP Fondo Colombia Inmobiliario.<div style="vertical-align: super;font-size: smaller;display:inline;">(2)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Real estate broker</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">51.29%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">63.47%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">62.55%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Prosicol S.A.S. <div style="vertical-align: super;font-size: smaller;display:inline;">(3)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Pre-operating stage</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">68.57%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Fideicomiso "Lote Abelardo Castro".</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Mercantil trust</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">67.39%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">68.23%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">68.23%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Bancolombia Panam&#225; S.A.</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Panama</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Banking</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Sistemas de Inversiones y Negocios S.A. Sinesa</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Panama</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Investments</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Banagr&#237;cola S.A.</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Panama</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Investments</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">99.16%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">99.16%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">99.16%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Banistmo S.A. </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Panama</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Banking</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Banistmo Investment Corporation S.A. </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Panama</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Trust</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Financomer S.A. </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Panama</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Financial services</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Leasing Banistmo S.A. </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Panama</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Leasing</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Valores Banistmo S.A. </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Panama</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Purchase and sale of securities</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Suvalor Panam&#225; Fondos de Inversi&#243;n S.A. </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Panama</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Holding</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 30.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">ENTITY</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">JURISDICTION</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">OF</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">INCORPORATION</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 16.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">BUSINESS</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">PROPORTION OF</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">OWNERSHIP</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">INTEREST AND</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">VOTING POWER</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">HELD BY THE</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">BANK&#160;2018 </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">PROPORTION OF</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">OWNERSHIP</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">INTEREST AND</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">VOTING POWER</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">HELD BY THE</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">BANK&#160;2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">PROPORTION OF</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">OWNERSHIP</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">INTEREST AND</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;VOTING POWER</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;HELD BY THE</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">BANK&#160;2016</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Suvalor Renta Fija Internacional Largo Plazo S.A. </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Panama</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Collective investment fund</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Suvalor Renta Fija Internacional Corto Plazo S.A. </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Panama</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Collective investment fund</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Banistmo Asset Management Inc. <div style="vertical-align: super;font-size: smaller;display:inline;">(4)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Panama</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Purchase and sale of securities</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Banistmo Capital Markets Group Inc. <div style="vertical-align: super;font-size: smaller;display:inline;">(5)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Panama</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Purchase and sale of securities</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Van Dyke Overseas Corp. <div style="vertical-align: super;font-size: smaller;display:inline;">(6)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Panama</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Real estate broker</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Inmobiliaria Bickford S.A. <div style="vertical-align: super;font-size: smaller;display:inline;">(6)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Panama</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Real estate broker</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Williamsburg International Corp. <div style="vertical-align: super;font-size: smaller;display:inline;">(6)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Panama</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Real estate broker</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Anavi Investment Corporation S.A. <div style="vertical-align: super;font-size: smaller;display:inline;">(5)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Panama</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Real estate broker</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Desarrollo de Oriente S.A. <div style="vertical-align: super;font-size: smaller;display:inline;">(5)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Panama</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Real estate broker</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Steens Enterpresies S.A. <div style="vertical-align: super;font-size: smaller;display:inline;">(5)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Panama</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Portfolio holder</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Ordway Holdings S.A. <div style="vertical-align: super;font-size: smaller;display:inline;">(5)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Panama</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Real estate broker</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Grupo Agromercantil Holding S.A.</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Panama</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Holding</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Banco Agr&#237;cola S.A.</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">El Salvador</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Banking</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">97.36%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">97.36%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">97.36%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Arrendadora Financiera S.A. Arfinsa</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">El Salvador</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Leasing</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">97.37%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">97.37%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">97.36%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Credibac S.A. de C.V.</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">El Salvador</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Credit card services</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">97.36%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">97.36%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">97.36%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Valores Banagr&#237;cola S.A. de C.V.</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">El Salvador</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Securities brokerage</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">98.89%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">98.89%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">98.89%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Inversiones Financieras Banco Agr&#237;cola S.A IFBA</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">El Salvador</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Investments</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">98.89%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">98.89%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">98.89%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Gestora de Fondos de Inversi&#243;n Banagricola S.A.</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">El Salvador</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Administers investment funds</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">98.89%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">98.89%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">98.89%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Arrendamiento Operativo CIB S.A.C.<div style="vertical-align: super;font-size: smaller;display:inline;">(7)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Peru</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Operating leasing</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Fondo de Inversi&#243;n en Arrendamiento Operativo - Renting Per&#250;<div style="vertical-align: super;font-size: smaller;display:inline;">(8)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Peru</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Car Rental</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Capital Investments SAFI S.A. <div style="vertical-align: super;font-size: smaller;display:inline;">(8)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Peru</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Trust</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">FiduPer&#250; S.A. Sociedad Fiduciaria<div style="vertical-align: super;font-size: smaller;display:inline;">(7)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Peru</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Trust</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">98.81%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">98.81%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">98.81%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Leasing Per&#250; S.A. <div style="vertical-align: super;font-size: smaller;display:inline;">(8)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Peru</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Leasing</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Banagr&#237;cola Guatemala S.A<div style="vertical-align: super;font-size: smaller;display:inline;">.(8)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Guatemala</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Outsourcing</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">99.16%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">99.16%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Banco Agromercantil de Guatemala S.A.</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Guatemala</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Banking</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Seguros Agromercantil de Guatemala S.A.</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Guatemala</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Insurance company</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">59.17%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">59.17%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">59.17%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Financiera Agromercantil S.A.</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Guatemala</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Financial services</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Agrovalores S.A.</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Guatemala</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Securities brokerage</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Tarjeta Agromercantil S.A. <div style="vertical-align: super;font-size: smaller;display:inline;">(8)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Guatemala</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Credit Card</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Arrendadora Agromercantil S.A.</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Guatemala</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Operating Leasing</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Agencia de Seguros y Fianzas Agromercantil S.A.</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Guatemala</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Insurance company</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Asistencia y Ajustes S.A.</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Guatemala</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Services</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 70.9pt;padding-right: 0;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-indent: -0.98in; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Serproba S.A.</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Guatemala</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Maintenance and remodelling services</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Servicios de Formalizaci&#243;n S.A.</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Guatemala</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Loans formalization</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 30.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">ENTITY</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">JURISDICTION</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">OF</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">INCORPORATION</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 16.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">BUSINESS</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">PROPORTION OF</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">OWNERSHIP</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">INTEREST AND</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">VOTING POWER</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">HELD BY THE</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">BANK&#160;2018 </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">PROPORTION OF</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">OWNERSHIP</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">INTEREST AND</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">VOTING POWER</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">HELD BY THE</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">BANK&#160;2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">PROPORTION OF</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">OWNERSHIP</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">INTEREST AND</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;VOTING POWER</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;HELD BY THE</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">BANK&#160;2016</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Conserjeria, Mantenimiento y Mensajer&#237;a S.A.</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Guatemala</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Maintenance services</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Media Plus S.A. <div style="vertical-align: super;font-size: smaller;display:inline;">(8)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Guatemala</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Advertising and marketing</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Mercom Bank Ltd.</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Barbados</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Banking</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">New Alma Enterprises Ltd.</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Bahamas</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Investments</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Bancolombia Puerto Rico Internacional Inc.</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Puerto Rico</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Banking</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Bancolombia Caym&#225;n S.A.</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Cayman Islands</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Banking</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Bagr&#237;cola Costa Rica S.A.</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Costa Rica</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Outsourcing</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">99.16%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">99.16%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">99.16%</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; text-indent: -0.13in; margin-left: 0.13in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">&#160;</div></div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 0.3pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">(1)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">The decrease in the shareholding is due to the repurchase of outstanding stock by the subsidiary.</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 0.3pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">(2)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">During 2018, the Bank's shareholding decreased in the subsidiary's capitalization process.</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 0.3pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">(3)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Investment sold by Valores Simesa during 2017.</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 0.3pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">(4)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Investment absorbed by Banistmo Capital Markets Group, Inc. during 2017.</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 0.3pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">(5)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Investments in non-operational stage.</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 0.3pt;"><div style="font-family: &quot;times new roman&quot;, serif; 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For the years ended at December 31, 2018 and 2017, the reserves recognized amounted to COP 1,020,913 and COP 616,814. 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Currently, there is no specific guidance for these transactions under IFRS, therefore, as permitted by IAS 8, the Bank has developed an accounting policy considering the pronouncements of other standard-setting bodies. The assets and liabilities recognized as a result of transactions between entities under common control are recognized at the carrying value of the acquiree&#8217;s financial statements. 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When necessary, the entire carrying amount of the investment (including goodwill) is tested for impairment as a single asset in accordance with IAS 36 Impairment of Assets Impairment losses are recognized in net income and are calculated as the difference between the recoverable amount of the associate or joint venture, using the higher of its value in use and its fair value less costs of disposal, and its carrying value.</div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The results and assets and liabilities of associates or joint ventures are incorporated in the consolidated financial statements using the equity method of accounting, except when the investment, or a portion thereof, is classified as held for sale, in which case it is accounted for in accordance with IFRS 5. When an investment in an associate or joint venture is held by, or is held indirectly through, an entity that is a venture capital organization, or a mutual fund, unit trust or similar entities, and such investment is measured at fair value through profit or loss in that entity, the Bank may elect to measure investments in those associates and joint ventures at fair value through profit or loss in the consolidated financial statements. 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When the Bank's share of losses of an associate or joint venture exceeds the Bank's interest in that associate or joint venture (which includes any long-term interests that, in substance, form part of the Bank's net investment in the associate or joint venture), the Bank discontinues recognizing its share of further losses. 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font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">51.29%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">63.47%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">62.55%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 0;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 11.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,205,133</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 0;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 11.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,698,224</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Fideicomiso &#8220;lote Abelardo Castro&#8221;</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">67.39%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">68.23%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">68.23%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 0;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">11,616</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 0;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,343</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Suvalor Panam&#225; Fondo de Inversi&#243;n</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Panam&#225;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 0;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">244</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 0;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">224</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Fondo de Inversi&#243;n en Arrendamiento Operativo Renting Per&#250;</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Per&#250;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 0;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 0;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">For all the aforementioned funds, the Bank has participated in the design of the structured entity, establishes operating and financial decisions of the funds and it is exposed to variable returns such as dividends or returns paid in quarterly installments.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The commissions earned by the management of funds that are not consolidated are included in the statement of income as &#8220;Fees and commissions income&#8221;.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.5in; margin-top: 0px; text-align: justify; text-indent: -0.25in; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">6.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Non-controlling interest</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Non-controlling interests in the net assets of consolidated subsidiaries are presented separately within the Bank&#8217;s equity. Similarly, net income and other comprehensive income are also attributed to non-controlling interest and equity holders of the Parent Company. The amount of non-controlling interest may be initially measured either at fair value or at the non-controlling interest&#8217;s proportionate share of the acquiree&#8217;s identifiable net assets. The option for recognition is made on an investment by investment basis.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Any purchase or sale of shares in subsidiaries that does not imply a loss or gain of control is directly recognized in equity.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0%;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">6.1.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Significant non-controlling interest</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">FCP Colombia Inmobiliario</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">As of December 31, 2018, and 2017, the portion of non-controlling interest in the FCP Colombia Inmobiliario was 48,71% and 36,53%, respectively, which is considered as a significant non-controlling interest for the Bank and its subsidiaries. The principal place of business of FCP Colombia Inmobiliario is Bogot&#225; (Colombia).</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">As of December 31, 2018, and 2017, there were no dividends declared by this subsidiary. In contrast, there were returns paid in quarterly installments due to the nature of its business, which mainly comprises long- term investment in real state, considered as low-risk portfolio.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table summarizes the assets, liabilities, net assets, net income and cash flows as of December 31, 2018, 2017 and 2016, related to the FCP Colombia Inmobiliario:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 49.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 17.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 17.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 17.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2016</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assets</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,205,133</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,698,224</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,009,382</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Liabilities</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">963,841</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,048,867</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">655,315</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net assets</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,241,292</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,649,357</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,354,067</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Condensed statement of income</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Income</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-indent: 0.24in; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Valuation of investment properties</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">70,933</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">81,816</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">52,543</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-indent: 0.24in; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Valuation of trust rights</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">29,161</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">53,143</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,903</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-indent: 0.24in; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Rents</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">147,324</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">135,135</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">120,811</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-indent: 0.24in; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Profits of equity method investees </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">96,201</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">144,146</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-indent: 0.24in; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Other income </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,940</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,493</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,616</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total Income</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">350,559</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">418,733</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">188,873</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Expenses</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-indent: 0.24in; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Interest on loans</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">67,593</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">68,900</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">67,558</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-indent: 0.24in; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Trust fees</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">554</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">322</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9,004</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-indent: 0.24in; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Other expenses</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">121,162</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">86,270</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">49,078</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total Expenses</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">189,309</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">155,492</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">125,640</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net Income</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">161,250</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">263,241</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">63,233</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Condensed cash flow</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Net cash (used in) provided by operating activities</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(351)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(394)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(372)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Net cash (used in) provided by investing activities</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Net cash (used in) provided by financing activities</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">334</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">409</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">375</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Cash and cash equivalents at beginning of year</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">18</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Cash and cash equivalents at end of year</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">18</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The information above are the amounts before inter-company eliminations.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">As of December 31, 2018, 2017 and 2016, the profit allocated to non-controlling interest amounted to COP 78,570, COP 96,179 and COP 23,701, respectively.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">As of December 31, 2018, 2017 and 2016, the accumulated non-controlling interest of the FCP Colombia Inmobiliario amounted to COP 1,091,802, COP 602,548 and COP 507,115, respectively.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Grupo Agromercantil Holding S.A.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">As of December 30, 2018, the portion of ownership in Grupo Agromercantil Holding by the non-controlling interest was 40.00%, which is considered as a significant non-controlling interest for the Bank and its subsidiaries. Guatemala is the principal place of business of GAH and its subsidiaries.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table summarizes the assets, liabilities, net assets, net income and cash flows as of December 31, 2018, 2017 and 2016 of GAH.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 49.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 17.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 17.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 17.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2016</div></div></div></td></tr><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assets</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">13,556,250</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">12,191,869</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">11,795,358</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Liabilities</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">12,209,984</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">10,847,895</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">10,477,427</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Equity</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,346,266</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,343,974</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,317,931</div></div></div></td></tr><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Condensed statement of income</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Net interest margin and valuation income on financial instruments after impairment on loans and financial leases and off-balance sheet credit instruments</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">388,932</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">389,463</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">393,972</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Total fees and commission, net</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">111,932</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">101,565</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">58,745</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Other operating income</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">52,286</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">54,246</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">55,942</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Dividends received and equity method</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">579</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">608</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">779</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total operating income, net</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">553,729</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">545,882</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">509,438</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Operating expenses</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(458,277)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(445,038)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(435,430)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Income tax</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(15,910)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(21,546)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(11,197)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net income</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">79,542</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">79,298</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">62,811</div></div></div></td></tr><tr><td colspan="4" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Condensed cash flow</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Net cash (used in) provided by operating activities</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(66,235)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">192,850</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(136,878)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Net cash (used in) provided by investing activities</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">244,949</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,427)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(4,157)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Net cash (used in) provided by financing activities</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,983)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(87,103)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(77,684)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Cash and cash equivalents at beginning of year</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,324,893</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,098,861</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,359,176</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Cash and cash equivalents at end of year</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,500,624</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,203,181</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,140,457</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Other comprehensive income</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Investments&#160;at fair&#160;&#160;value&#160;&#160;through OCI</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(6,598)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,241</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,682</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Translation adjustment</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">43,803</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">15,758</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(64,195)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Others</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(3,922)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(3,042)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,959</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total other comprehensive income</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">33,283</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">14,957</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(53,554)</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; text-indent: 0.79in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">For the year 2018, 2017 and 2016, the dividends received from Grupo Agromercantil amounted to COP 50,341, COP 39,482 and COP 46,416, respectively.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.98in; margin-top: 0px; text-align: justify; text-indent: -0.48in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 36pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 36pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">D.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Significant Accounting Policies</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-left: 0.25in; text-align: justify; text-indent: -0.25in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The significant accounting policies that the Bank uses in preparing its consolidated financial statements are detailed below:</div></div><div style="font-family: &quot;times new roman&quot;, serif; 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top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Functional and presentation currency</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; 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Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation of monetary assets and liabilities denominated in foreign currencies at period end exchange rates are generally recognized in net income. 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When a gain or loss on a non-monetary item is recognized in Stament of other comprehensive income, any exchange component of that gain or loss is recognized in other comprehensive income. 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font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-left: 0.25in;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 112, 192); font-family: symbol; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#61623;</div><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;&#160;&#160;Assets and liabilities for each statement of financial position presented are translated at the closing rate at the date of that statement of financial position</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; 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font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank considers cash and cash equivalents to include cash and balances at central bank, interbank assets and reverse repurchase agreements and other similar secured lending that have original maturities up to 90 days, as shown in Note 4.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; 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line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Security deposits.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Security deposits are assets pledged as collateral that correspond to cash guarantees made by the Bank to other financial institutions. The carrying amount is increased when a margin call is issued or when it is necessary to increase the trading quota; conversely, it is decreased when the aim is to lower that quota. The security deposits are recognized as other assets in the consolidated statement of financial position at the amount paid in favor of the counterpart and these assets are not subject to interest recognition.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; text-indent: -0.25in; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; 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margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Business combinations are those transactions where an acquirer obtains control of a business (e.g. an acquisition or merger).</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Business combinations are accounted for using the acquisition method as follows: a) Identifiable acquired assets, liabilities and contingent liabilities assumed in the acquisition are recognized at fair value at the date of acquisition; b) Acquisition costs are recognized in the consolidated statement of income as expenses in the periods in which the costs are incurred and the services are received; c) and goodwill is recognized as an asset in the consolidated statement of financial position or a gain from a bargain purchase.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The consideration transferred for the acquisition of a subsidiary is the fair value of the assets transferred, the liabilities incurred to the former owners of the acquiree and the equity interests issued by the Bank (If any).</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Goodwill is measured as the excess of the sum of the consideration transferred, the value of any non-controlled interest and, when applicable, the fair value of any previous equity interest in the acquiree, over the net fair value of the acquired assets, liabilities or contingent liabilities assumed at the date of acquisition.</div></div><div style="font-family: &quot;times new roman&quot;, serif; 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font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Any contingent consideration in a business combination is classified as a liability or as equity and is recognized at fair value at the date of acquisition, the liability is remeasured at subsequent reporting dates in accordance with IAS 37, Provisions, Contingent Liabilities and Contingent Assets, and the consideration classified as equity is not remeasured at subsequent reporting dates and its subsequent settlement is accounted for within equity.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The goodwill acquired in a business combination is allocated, at the date of acquisition, to the Bank's cash-generating units (or group of cash generating units) which are expected to benefit from the combination, regardless of whether other assets or liabilities of the acquiree are assigned to those units or group of units.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">For business combinations achieved in stages, any previous equity interest held by the Bank in the acquiree is remeasured at its fair value at the date of acquisition and any resulting gain (or loss) is reported in the consolidated statement of income or other comprehensive income, as appropriate. Amounts previously recognized in other comprehensive income that must be recycle through net income in relation with such investments are reclassified to the consolidated statement of income, as if such investment had been sold. When the associate has other comprehensive income, which is not reclassified to profit or loss, the amounts are not reclassified when the investment is sold.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">When the Bank enters into an option contract to acquire totally or partially the amount of shares in a subsidiary held by non-controlling interest, that entitles the non-controlling interest to sell its interest in the subsidiary to the Bank put option, the Bank analyzes whether the ownership risks and rewards remain with the non-controlling interest or have been transferred to the Bank. The non-controlling interest is recognized to the extent the risks and rewards of ownership of those shares remain with them. Irrespective of whether the non-controlling interest is recognized, a financial liability is recorded for the present value of the redemption amount. Subsequent changes to the liability are recognized in net income. The Bank will reclassify the liability to equity if the put option expires unexercised.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(31, 73, 125); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">7.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Financial instruments</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">A financial instrument is a contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; 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line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Recognition of financial assets and liabilities</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Financial assets and liabilities are recognized in the statement of financial position when the Bank becomes party to&#160;the contractual provisions of the instrument. This includes regular way purchases and sales, which are those purchases and sales of financial assets that require the delivery of assets within the time frame established by regulation or convention in the marketplace. 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Financial assets are then classified considering their subsequent measurement at fair value through profit or loss, fair value through OCI or amortized cost on the basis of the business model for managing the financial assets and the contractual cash flow characteristics of the instrument. In addition, for particular investments in equity instruments, in accordance with IFRS 9, the Bank made the irrevocable election to present subsequent changes in fair value in other comprehensive income.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">7.4.1</div></div><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Money market operations.</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Interbank assets and interbank deposits</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">These are funds that the Bank lends to other financial institutions or borrows from the Central Bank and other financial institutions. The transactions in an asset position with maturity of up to ninety days are classified as cash equivalents. The operations in an asset position with maturity greater than ninety days and all the operations in a liability position are measured at amortized cost and presented as &#8220;Other assets&#8221; or &#8220;interbank deposits&#8221;, respectively.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Repurchase agreements and other similar secured transactions</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; text-indent: -0.25in; background: none;"><div style="white-space: pre-line; color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: symbol; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#61623;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Asset Position</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Asset position refers to transactions accounted for as collateralized lending in which the Bank purchases securities with an agreement to resell them back to the seller at a stated price plus interest at a specified date, not exceeding one year. Repos in asset position are initially recognized at the consideration paid and they are subsequently measured at amortized cost. The difference between the purchase value and resale price is recorded in net interest income and accrued over the life of the agreement using the effective interest rate method.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: symbol; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#61623;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Liability Position</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Liability position refers to transactions accounted for as collateralized borrowing in which the Bank sells debt securities with an agreement to repurchase them back from the buyer at a stated price plus interest at a specified date, not exceeding one year.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The securities sold under those agreements are not derecognized from the statement of financial position when the Bank substantially retains all of the risks and rewards of the securities. However, the securities are disclosed as pledged assets. The amounts received are initially recognized, at fair value, as a financial liability and subsequently measured at amortized cost. The difference between the sale value and the repurchase value is treated as interest expense and accrued over the life of the agreement by the effective interest rate method.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">7.4.2</div></div><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Debt and equity securities</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Securities at amortized cost</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Debt securities are classified at amortized cost only if the asset is maintained within a business model whose objective is to hold it in order to collect contractual cash flows and the contractual terms of the security give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding; Its interest income is recognized using the effective interest rate method.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The effective interest method is a method used to calculate the amortized cost of an asset and to assign the income or cost in interest during the relevant period. The effective interest rate is the discount rate at which the present value of future estimated cash payments or those received through the expected life of the financial instrument, or, when appropriate, in a shorter time frame, are equal to the net carrying value at the beginning. To calculate the effective interest rate, the Bank estimates cash flows considering all the contractual terms of the financial instrument, including transaction costs and premiums granted minus commissions and discounts, but without considering future credit losses.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Securities at fair value through profit or loss</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">These are equity securities and debt securities that are not subsequently measured at amortized cost or at fair value through other comprehensive income. The difference between the current fair value and the immediately preceding fair value of the respective security is recorded as a higher or lower value of the asset, affecting the statement of income.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Investments at fair value through other comprehensive income (applicable since January 1, 2018)</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Investments in debt securities are classified as measured at fair value through other comprehensive income if they are maintained under a business model whose objective is achieved by both obtaining the contractual cash flows and selling the instruments and, in addition, the instruments give rise, on specific dates to cash flows that correspond only to payments of capital and interest on the principal amount outstanding.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Changes in fair value of the investment are recognize in other comprehensive income, except for impairment gains or losses, interest income and foreign exchange gains or losses which are recognized in profit or loss. When the financial asset is written off, the accumulated gain or loss previously recognized in other comprehensive income is reclassified from equity to the statement of income. Interest income from these financial assets is recognized in the statement of income as &#8216;</div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Interest and valuation on investments&#8217;</div></div><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> using the effective interest rate method.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">7.4.3</div></div><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Equity instruments at fair value through other comprehensive income</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank has made an irrevocable election to present in other comprehensive income, subsequent changes in fair value of some equity instruments that are not held for trading; dividends from this type of instrument are recognized in net income only when the entity&#8217;s right to receive payment of the dividend is established.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">7.4.4</div></div><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Loans and advances to customers and financial institutions, leases and other receivables</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">These are financial assets that consist primarily of corporate loans, personal loans (including mainly consumer finance and overdrafts), residential mortgage loans and financial leases. The Bank established that loans, advances to customers and other receivables are held within a business model whose objective is to hold them in order to collect contractual cash flows and the contractual terms give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. They are initially measured at fair value, plus transaction costs and origination fees that are directly attributable to the acquisition. They are subsequently measured at amortized cost using the effective interest rate method.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">7.4.5</div></div><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Impairment of financial assets at amortized cost or at fair value through other comprehensive income &#8220;FVOCI&#8221;</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">7.4.5.1</div></div><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Impairment of loans</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Application for the period beginning on January 1, 2018 (IFRS 9):</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">At the end of each period, The Bank assesses impairment based on the expected loss of a financial asset or group of financial assets measured at amortized cost, or at fair value through other comprehensive income, where the impairment loss will be measured from &#8220;day 1&#8221; after its initial recognition. 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font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-size: 10pt; line-height: normal; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: wingdings; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#61607;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank additionally reviews each semester if there are collective criteria for the migration of a group of clients to stage 2, for example, if a significant change has occurred from the origin in a specific product or geographic region or the occurrence of industry, regulatory, market or any other events that are considered significant with respect to their impact on the generation of future cash flow of the clients group operation.</div></div></td></tr></table><div style="clear: both; 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margin-top: 0px; text-align: justify;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="background: #ffffff;font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank has reviewed for each portfolio the presumption of a significant increase as a result of 30 days past due, and finds historical evidence that there is a relationship between this presumption and default, except for Banistmo's mortgage portfolio, where the Bank has rebutted the presumption. The basis for rebutting this presumption is that there is reasonable and sustainable information that shows that when the contractual payments are more than 30 days past due, this does not represent a significant increase in the credit risk of a financial instrument, the main ones causes are:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="color: rgb(33, 33, 33); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: wingdings; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#61607;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">A percentage of Banistmos mortgage portfolio is 31-60 delinquency for operational issues due to the collection of checks (which generate a high operational burden), so that the payment culture exceeds 30 days past due. In accordance with IFRS 9.B5.5.20, when a non-payment effects results from an administrative oversight, instead of a financial difficulty of the borrowers, it is possible to rebut this presumption.</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-size: 10pt; line-height: normal;">&#160;</div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;">&#160;</div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: wingdings; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#61607;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">There is no relationship between mortgages whose payments are past due for more than 30 days past due and the default, since only 15% deteriorate, but ia relationship is evidenced when the payments are more than 60 days past due, in which case approximately 74% is deteriorated.</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.5in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">In accordance with the previous paragraph, the significant increase credit risk for Banistmo's mortgage portfolio is defined at 60 days past due.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="color:#000000; font:10pt 'times new roman', times, serif; letter-spacing:normal; orphans:2; text-indent:0px; text-transform:none; white-space:normal; widows:2; 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border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; font-size: 10pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;Stage 2</div></div></td><td rowspan="2" style="border-bottom: 1pt solid black; border-top: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; font-size: 10pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Stage<br/>3</div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; font-size: 10pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Threshold</div></div></td><td style="border-bottom: 1pt solid black; 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text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">29.5%</div></td><td style="width: 179.688px; padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">61.4%</div></td><td style="width: 179.688px; padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.6%</div></td><td style="width: 178.688px; padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.5%</div></td><td style="width: 178.688px; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.1%</div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; width: 177.688px; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.7%</div></td></tr><tr><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Consumer</div></td><td style="border-right: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">88.9%</div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">67.4%</div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.8%</div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9.7%</div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">22.1%</div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.9%</div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.3%</div></td></tr><tr><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Mortgage</div></td><td style="border-right: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">88.2%</div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">65.5%</div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.0%</div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">11.3%</div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">23.1%*</div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.2%</div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.7%</div></td></tr><tr><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total Portfolio</div></div></td><td style="border: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">89.0%</div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">48.1%</div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">30.7%</div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">7.1%</div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">14.1%</div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">4.2%</div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; 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background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: wingdings; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#61607;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Clients on the observation list with high risk level.</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: wingdings; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#61607;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank additionally, aligns all the loans of the same modality of the client to stage 3 when one of its obligations is in default.</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="color: rgb(33, 33, 33); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Refutable presumption of more than 90 days of default</div></div><div style="background: none; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="background: #ffffff;font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank has reviewed for each portfolio the presumption loss in 90 days past due, and finds historical evidence of high probability of loss in the 90 days, except for Banistmo's mortgage portfolio, where the Bank has rebutted the presumption, given that there is historical evidence that the loss occurs at 180 days past due through the analysis of transition matrices, therefore the default for this portfolio is given at 180 days past due.</div></div><div style="background: none; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; 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font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The quantification of the expected credit losses collectively is done according to: the classification of the stages, the homogeneous groups defined in each type of portfolio and the client&#8217;s risk level.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The segmentation of homogeneous groups is carried out by type of client; for individuals it is grouped by products and for companies by industry segments based on the sales level of the client.</div></div><div style="font-family: &quot;times new roman&quot;, serif; 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The function of these models is to rank the clients according to risk and thus have a better follow-up with them, the scoring is based on historical behavior and variables associated with each one of the products.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">For companies, the level of risk is measured based on an internal rating model, which uses qualitative and quantitative variables as financial indicators of the client and then rankes them on a scale of 10 levels. The rating is affected by qualification programs of the region, factors of the local market and the knowledge of the client in the market, in addition to their financial state.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">For further details please see Note 31 Risk Management, section: Description of Loans and Financial Leases.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">To estimate the expected credit losses (ECL) under the collective methodology the following formula is used:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; 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IFRS 9 proposes the specification of this parameter and its application according to the classification of Stages 1, 2 and 3.</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.5in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 54pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">o</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">PD 12 months: Is the estimated probability of occurrence of a default in the next 12 months of the instrument&#8217;s life as of the date of analysis. The Bank, according to the standard, estimated this probability for healthy portfolios that do not present a significant increase in risk or any evidence of impairment, that is, portfolios classified in Stage 1. To estimate the probability of default in the next 12 months, the Bank uses traditional techniques such as logistic regression, modeling the behavior of the portfolio by level of risk for each of the segments.</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 54pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">o</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Lifetime PD: Is the estimated probability of occurrence of a default over the remaining life of an instrument, being dependent on the conditions of the product and the level of risk. The Bank estimated this probability for the portfolio with a significant increase in credit risk, that is, classified in Stage 2. The Bank estimates this probability using survival models which employ a statistical analysis to quantify the survival rate of a portfolio for a given period.</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.5in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 54pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">o</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">PD Stage 3: The clients evaluated by the collective methodology in Stage 3 have an associated probability of default of 100%.</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 1in; margin-top: 0px; text-align: justify; text-indent: -0.25in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: symbol; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#61623;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Loss Given Default (LGD) or severity:Is the percentage of exposure that the entity ultimately expects to lose in the event of a default in a financial instrument. The general formulation for the calculation of the LGD is = 1- Recovery Percentage, where the Recovery Ppercentage refers to the sum of the flows received from the transaction discounted at the rate for the client on the date of analysis on the total of the exposure at the time of default, including contractual debt sales and other recovery strategy. For secured products, this is primarily based on collateral type and projected collateral values, historical discounts to market/book values due to forced sales, time to repossession and recovery costs observed.</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.5in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; 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font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-left: 0.50in;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">In order to estimate Lifetime Expected Credit Loss, the exposed balance is projected annually, the discount of the flows is made at the effective interest rate or an approximation of it.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); 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The Bank has made the projection of three macro scenarios (base, pessimistic and optimistic); each scenario has a plausible probability of occurrence to evaluate the best estimate of the expected loss under possible future economic conditions.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">To make the projections, the Corporate Economic Research team has defined a process for the generation of estimates under two perspectives: thematic and analytical.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Thematic Perspective: in the first instance, a series of external variables are defined, which are those whose values are established at a global level and in whose definition the idiosyncratic dynamics of the analyzed country are not considered. As these are issues whose detailed study is beyond the scope of this team, the estimates made by external analysts are taken as reference.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Analytical Perspective: includes the compilation of the historical information for the most important economic and financial variables of the country. The information bases are compiled from official sources, which mostly correspond to official authorities, such as the Superintendency or Central Bank of each country. The Bank estimates forecasts based on time series models widely used in econometrics.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">As a result, projections are obtained for the economic variables of interest, which are formulated monthly in a time horizon that includes the current year and five subsequent years. After five years, given the technical difficulties and the high uncertainty, the projection of the economic variables for the total remaining useful life of each instrument corresponds to the value of the fifth year projection.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Given that the business cycle length has varied between 4 to 4.5 years on average in the period between 1906 and 2018, the Grupo Bancolombia&#8217;s Economic Research Division considers that it is appropriate to forecast the economic indicators for a 5 year horizon in order to capture the main dynamics of the economy. That said, beyond this horizon, any forecast of the main macroeconomic indicators should gravitate near their long term trends, or steady state of the economy</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Economic Scenario Weightings</div></div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">To recognize the uncertainty surrounding the short and medium-term economic context that the country will experience, the projection work incorporates three scenarios: base, optimistic and pessimistic.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">It is intended that each one of the scenarios contains reasonable expectations and that each has a relevant level of probability associated with it. In otherc| words, we seek to formulate possible, not extreme, scenarios. The projections of the base scenario correspond to the average estimate of internal analysts, while for the pessimistic scenario the observation of the 20th percentile is taken and for the optimistic scenario the 80th percentile.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The base scenario comes directly from the results of the projection models developed for each indicator, this scenario has a weighting of 60%. On the other hand, both the optimistic and the pessimistic scenarios are determined based on the values of the base scenario adjusted according to the standard error of the projections (each scenario has a weighting of 20%).</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table sets forth the main macroeconomic variables that are used to incorporate the prospective information and its projections:</div></div><div style="font-family: &quot;times new roman&quot;, serif; 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top: 0px;;display:inline;">2.6%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.4%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.3%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9.3%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,060</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">43,035</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">50,140</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.2%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.4%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.8%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.8%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,130</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">47,290</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">54,960</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.4%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.2%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.3%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.7%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,260</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">46,072</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">59,352</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2021</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.1%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.1%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.6%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,320</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">44,548</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60,539</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2022</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.3%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.8%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.5%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,370</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">48,213</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">62,658</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2023</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.4%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.0%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.8%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.3%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,430</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">52,574</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">65,791</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="8" style="border-width: 1pt; border-style: solid; border-color: rgb(0, 0, 0); padding-bottom: 0px; padding-right: 3.5pt; padding-top: 0px; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; margin-left: 0in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Optimistic Scenario </div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">GDP </div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">growth</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Inflation</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Monetary Policy</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Rate</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Unemployment</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Exchange rate</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Exports</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Imports</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.8%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.1%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.8%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9.6%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,992</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">37,385</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">46,076</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.7%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.1%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9.3%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,010</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">44,483</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">51,927</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.9%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.1%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.3%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.7%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,000</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">49,381</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">57,541</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.7%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.7%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.5%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.4%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,070</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">48,275</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">64,841</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2021</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.3%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.6%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.3%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.2%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,090</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">46,630</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">63,825</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2022</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.3%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.6%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,110</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">50,338</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">66,443</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2023</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.6%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.5%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.0%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.7%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,130</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">54,700</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">69,576</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="8" style="border-width: 1pt; border-style: solid; border-color: rgb(0, 0, 0); padding-bottom: 0px; padding-right: 3.5pt; padding-top: 0px; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; margin-left: 0in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Pessimistic Scenario </div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">GDP</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">growth</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Inflation</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Monetary Policy</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Rate</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Unemployment</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Exchange rate </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Exports </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Imports </div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.8%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.1%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.8%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9.6%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,992</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">37,385</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">46,076</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.4%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.7%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.5%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9.4%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,140</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">40,310</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">48,272</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.5%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.3%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9.1%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,360</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">41,973</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">52,285</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.6%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.7%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.8%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,600</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">40,307</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">56,570</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2021</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.1%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.6%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.5%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,740</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">39,946</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">57,905</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2022</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.1%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.6%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.3%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9.1%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,860</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">42,985</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">59,961</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2023</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.1%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.5%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.3%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9.0%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,990</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">47,347</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">63,094</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="7" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Scenarios Macroeconomic Projections Panama</div></div></div></td></tr><tr><td colspan="7" style="border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding-bottom: 0px; padding-right: 3.5pt; padding-top: 0px; vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; margin-left: 0in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Base Scenario </div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 16.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">GDP growth</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Inflation</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Unemployment</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Exports </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Imports </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Current Account Deficit</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.4%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.4%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">24,933</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">26,961</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-8.0%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.7%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6.5%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">27,973</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">28,370</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-5.8%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.1%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.4%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.2%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">29,997</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">29,651</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-4.1%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.9%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.5%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.5%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">30,947</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">30,897</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-4.0%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2021</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.6%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.6%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.9%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">31,647</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">32,271</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.0%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2022</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.5%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.7%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.2%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">32,247</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">33,417</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.6%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2023</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.6%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.8%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.5%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">32,537</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">34,664</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.5%</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="7" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Optimistic Scenario </div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 16.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">GDP growth</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Inflation</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Unemployment</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Exports</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Imports</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Current Account Deficit</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.4%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.4%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">24,933</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">26,961</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-8.0%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.1%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6.2%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">28,373</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">28,170</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-5.8%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.4%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.3%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.1%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">30,597</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">28,751</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.9%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.2%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.5%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.3%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">31,347</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">29,697</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.6%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2021</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.9%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.6%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.6%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">32,047</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">31,071</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-2.7%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2022</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.8%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.6%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.9%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">32,767</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">32,217</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-2.7%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2023</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.9%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.6%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.0%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">33,097</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">33,464</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-2.4%</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="7" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Pessimistic Scenario </div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 16.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">GDP growth</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Inflation</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Unemployment</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Exports </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Imports </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Current Account Deficit</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.4%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.4%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">24,933</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">26,961</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-8.0%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.6%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6.9%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">28,197</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">28,370</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-5.8%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.7%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.7%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.6%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">29,197</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">30,851</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-4.8%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.5%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.9%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.9%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">29,647</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">32,097</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-4.5%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2021</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.2%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.9%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.3%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">30,047</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">33,471</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-4.3%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2022</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.1%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.6%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">30,147</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">34,617</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-4.4%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2023</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.2%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.2%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.9%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">31,737</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">35,864</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-4.5%</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="7" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Scenarios Macroeconomic Projections El Salvador</div></div></div></td></tr><tr><td colspan="7" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Base Scenario </div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 16.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">GDP growth</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Inflation</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Exports </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Imports</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Current Account Deficit</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fiscal Budget Balance</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.3%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,760</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,593</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-2.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-2.3%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.7%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.9%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,939</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">11,883</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.3%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-2.3%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.5%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.8%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,355</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,714</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.4%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-2.4%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.2%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.9%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,884</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">13,370</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.5%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-2.2%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2021</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.9%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,264</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">13,911</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.6%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-2.2%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2022</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.1%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.9%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,746</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">14,416</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.5%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-2.1%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2023</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.2%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.0%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,255</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">14,964</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.4%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-2.1%</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="7" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Optimistic Scenario </div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 16.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">GDP growth</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Inflation</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Exports </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Imports</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Current Account Deficit</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fiscal Budget Balance</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.3%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,760</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,593</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-2.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-2.3%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.2%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.4%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,969</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">11,935</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.1%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-0.8%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.6%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.4%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,503</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,987</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-0.9%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.5%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.7%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,055</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">13,670</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.1%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-0.8%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2021</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.2%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.9%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,455</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">14,228</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.2%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-0.8%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2022</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.4%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.1%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,952</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">14,744</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.1%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-0.8%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2023</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.5%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.2%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,472</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">15,304</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.0%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-0.8%</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="7" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Pessimistic Scenario </div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 16.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">GDP growth</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Inflation</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Exports </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Imports</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Current Account Deficit</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fiscal Budget Balance</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.3%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,760</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,593</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-2.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-2.3%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.3%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.5%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,910</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">11,832</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.3%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.5%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.8%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.1%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,207</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,442</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.7%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.8%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.4%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.1%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,712</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">13,070</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.8%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.6%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2021</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.1%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,073</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">13,594</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.9%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.5%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2022</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.3%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.8%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,541</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">14,087</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.8%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.4%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2023</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.4%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.7%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,039</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">14,623</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.7%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.5%</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="7" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Scenarios Macroeconomic Projections Guatemala</div></div></div></td></tr><tr><td colspan="7" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Base Scenario </div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 16.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">GDP growth</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Inflation</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Exchange rate</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Exports</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Imports</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fiscal Budget Balance</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.8%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.7%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.34</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,983</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">18,389</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.7%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.2%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.77</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,730</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">19,171</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-1.7%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.3%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.90</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,369</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">18,937</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-1.6%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.2%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.7%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.00</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,354</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">18,816</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-1.4%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2021</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.4%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.09</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,769</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">19,399</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-1.3%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2022</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.2%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.3%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.19</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">11,199</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">20,563</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-1.2%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2023</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.3%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.2%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.28</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">11,569</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">21,242</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-1.2%</div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td colspan="7" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Optimistic Scenario </div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">GDP growth</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Inflation</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Exchange rate </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Exports </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Imports </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fiscal Budget Balance</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.8%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.7%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.34</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,983</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">18,389</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.7%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.2%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.7%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.50</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,798</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">19,259</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-1.2%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.4%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.5%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.52</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,656</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">19,290</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-0.9%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.4%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.8%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.50</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,642</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">19,169</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-0.8%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2021</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.4%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.2%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.51</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">11,056</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">19,752</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-0.7%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2022</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.4%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.4%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.51</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">11,719</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">20,443</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-0.7%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2023</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.4%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.3%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.53</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,235</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">21,343</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-0.7%</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="7" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Pessimistic Scenario </div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 16.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">GDP growth</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Inflation</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Exchange rate </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Exports </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Imports </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fiscal Budget Balance</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.8%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.7%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.34 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,983 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">18,389 </div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.7%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.7%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.8%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.03 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,662 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">19,083 </div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-2.2%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.1%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.8%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.28 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,082 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">18,584 </div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-1.9%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.3%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.49 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,067 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">18,463 </div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-1.8%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2021</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.7%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.67 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,481 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">19,046 </div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-1.7%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2022</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.86 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,901 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">19,999 </div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-1.8%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2023</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; 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font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Collateral Methodology</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">For defaulted loans (stage 3), when it is determined that the fundamental source of collection of the loan is a guarantee, the amount of the loss is estimated as the balance owed less the weighted net present value of the market value of the collateral, less the costs of obtaining and selling the collateral, and affected by several macroeconomic scenarios with an expected probability of occurrence that result in a weighted expected loss.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Individual Methodology:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank will individually evaluate defaulted loans (stage 3) with balances greater than COP 15,000 (USD 5 for foreign subsidiaries), analyzing the debt profile of each debtor, the guarantees granted and information on the credit behavior of the client and of the sector. Significant financial assets are considered in default when, based on current or past information and events, it is probable that the Bank will not be able to recover all the amounts described in the original contract, including the interest and commissions agreed to in the contract. 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font-size: 10pt; line-height: normal;"><div style="font-family: wingdings; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#61607;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Significant changes in the value of the guarantee</div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; 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font-size: 10pt; line-height: normal;"><div style="font-family: wingdings; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#61607;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Significant payments</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div><div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; 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font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Future value of the guarantee.</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Calculation of NPV Future cash flows are estimated based on two scenarios (base and alternative) that can be affected by the analysi of the guarantee and future value of the guarantee.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Application for the period ended on December 31, 2017 (IAS 39, 2011):</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank individually reviews impaired loans with balances greater than COP 5,000 (USD&#160;1.5&#160;for foreign subsidiaries), analyzing the debt profile of each debtor, the guarantees granted and information on the credit behavior in the sector. Significant financial assets are considered impaired when, based on current or past information and events, it is probable that the Bank will not be able to recover the amounts described in the original contract, including the interests and commissions agreed upon in the contract. When a significant financial asset has been identified as impaired, the amount of the loss is measured as the balance due minus the current net value of the estimated future cash flows. To estimate these flows, basic projected hypotheses are used based on qualitative analysis and backed up by information obtained from the Special Client Administration Committee as well as approvals made with Commerce Managers. When it is determined that a fundamental source of credit collection is a guarantee, the amount of loss is estimated as the balance due minus the fair value of the guarantee minus the estimated selling costs.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">For credits that are not considered individually significant and for the portfolio of individually significant credits that are not considered impaired, a collective evaluation is carried out. Portfolios of financial assets with similar characteristics are grouped, using statistical techniques based on the analysis of historical losses to determine an estimated percentage of losses that have been incurred by those assets on the balance date. The percentages of historical losses used in the process are updated to incorporate the most recent data of the current economic conditions, the performance trends by industry or region, or the concentration of obligations in each portfolio of financial assets by segment, and any other relevant information that may affect the provision of loss estimate for financial assets.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The financial assets are removed from the balance from the provision when they are considered non-recoverable. The recoveries of financial assets previously discounted are recorded as an increase in the provision.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Quantification of the losses incurred takes into account three fundamental factors: exposure at default, the probability of default and the loss caused by default:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 36pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: symbol; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#61623;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Exposure at default: It is understood as the exposed balance of assets to the current capital balance, interest and accounts receivable. In the case of products whose nature is revolving and that have an available quota that is susceptible to be used in its entirety according to loan contracts subscribed with clients, this parameter indicates over-use which can be incurred in the event of client default.</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 36pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: symbol; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#61623;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Probability of default (PD): This is the probability that the debtor fails to fulfill their obligations of capital and/or interest payment over a period of twelve months. This is linked to the rating/scoring of each debtor/operation.</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">A hybrid model is used to estimate the probabilities of defaulting based on a through-the-cycle defaulting probability model, and then these probabilities are changed using the following parameters:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#8211;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The LIP (Loss identification Period) parameter changes the probability of defaulting to losses incurred. LIP is the time between the moment of an event that causes a loss and the moment when that loss becomes significant on an individual level. The analysis of LIPs is made based on homogeneous risk portfolios.</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.5in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#8211;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Macroeconomic adjustment: this parameter converts the through-the-cycle (TTC) defaulting probability model into a point-in-time (PIT) model, using an adjustment that reflects the effect of the current conditions. Given that defaulting probability is estimated using a database that contains precedents of historical losses in a complete economic cycle, the macroeconomic adjustment allows suppression of effects from the conditions of the historical period that no longer exist.</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">In the specific case of default assets, the allocated probability of default is 100%. The classification of an asset as &#8220;default&#8221; is made because of a non-payment of 90 days or more (180 days for the Banistmo mortgage portfolio), as well as in cases that there is no non-payment, but where there are doubts about the solvency of the debtor.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 36pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(46, 116, 181); font-family: symbol; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#61623;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Loss given default (LGD): This is defined as the economic impairment in which the entity would incur in the event of any instance of default. This depends mainly upon the characteristics of the debtor and upon the valuation of guarantees or collateral associated with the operation.</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.5in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Once a debt or collection of debts is classed as impaired, the interest revenues are still accounted for using the applicable rate of interest for the discount for future cashflows in order to measure loss due to depreciation.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">7.4.5.2 Investment Impairment (applicable since January 1, 2018):</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Investments are classified in stages according to the risk level (rating) as follows:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Stage 1:&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: wingdings; font-size: 10pt; letter-spacing: 0px; 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max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 36pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The current external rating is maintained or improved against the rating granted on the date of purchase</div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 36pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; 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font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: wingdings; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#61607;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Investments that pass from an investment grade rating to speculation grade.</div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; 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font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Investments that are classified as default.</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Significant Increase in Risk</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Investments classified in stage 2 include those instruments that meet the corporate definition of a significant increase in risk. 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According to the original classification of the investment, there may be an increase with 1, 2 or 3 notches requared to determine a significant increase in risk, as shown in the following table:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 45%;;margin-left :auto;margin-right :auto;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 50.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">EXTERNAL RATING</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">ORIGIN</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 50.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">SIGNIFICANT INCREASE</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; 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background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: wingdings; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#61607;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">All instruments classified in Stage 1 will be assigned a default probability for 12 months.</div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: wingdings; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#61607;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">All instruments classified in Stage 2 will be assigned a probability of default for the life of the instrument.</div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: wingdings; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#61607;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">All instruments classified in Stage 3 will be assigned a default probability of 100%.</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div><div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">To estimate the impairment of the instruments if the issue has an external rating, provision is made with the PD (Probability of default) based on the rating assigned by the external rating agency, if the instrument does not have an external rating, provision is made based on the internal rating model and the default probability of the loan portfolio.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">In all cases, the LGD (Loss given default) is the parameter calculated by Moody&#180;s unsecured bonds.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">7.4.6 Restructured financial assets</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Loan restructuring is an alternative to achieve a proper collection management. It must be understood as a resource of atypical use to standardize the behavior of a portfolio, using a new contractual agreement between the parties. Such agreement aims to modify the originally established conditions in order to allow the proper attention to the loan in the light of the real or potential impairment in the debtor&#8217;s payment ability. The loan restructuring is implemented through amendments to the contractual terms, rates and payment terms. In any case, at the restructuring time, all the collateral must be preserved and if possible, the Bank&#8217;s position should be improved by obtaining new guarantees or guarantors that support the obligations.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">In the restructuring, real and personal property can be received as foreclosed assets to cancel partially the obligations. Likewise, the Bank can grant discounts on interest or other related receivables. If necessary, the discount can be applied to loan principal, either because the guarantees or payment sources do not fully cover the total loan or because the agreement does not permit full recovery of the total balance. The terms are reviewed in each negotiation to determine if the client should continue in the portfolio and if so, the terms to restore the business relationship after a certain time.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">A loan that is renegotiated is derecognized if the existing agreement is cancelled and a new agreement made on substantially different terms or if the terms of an existing agreement are modified such that the renegotiated loan is a substantially different instrument. Where such loans are derecognized, the renegotiated contract is a new loan and impairment is assessed in accordance with the Bank accounting policy. Where such loans are not derecognized, impairment continues to be assessed for significant increases in credit risk compared to the initial origination credit risk rating.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">If as a result of restructuring, the financial asset is derecognized, costs and&#160;fees are recognized&#160;in net income, as well the&#160;difference between the value in the balance&#160;sheet&#160;and&#160;the consideration received.&#160;In the case&#160;in which&#160;the modified financial asset&#160;is not derecognized,&#160;the&#160;costs and fees are&#160;deferred&#160;and will be amortized&#160;by the&#160;remaining life&#160;of the modified&#160;asset. The amount of the modified asset is recalculated and the effect of the modification is recognized in profit or loss.</div></div><div style="background: none; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="background: #ffffff;font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Before the commencement of the restructuring process, the Bank should perform an analysis of the debtor&#8217;s projected cash flow in order to evaluate the capacity to pay the proposed plan. 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font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">7.5. 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Non-derivative financial liabilities are measured at amortized cost using the effective interest rate. 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The liability component corresponds to the preferred dividend related to 1% of the subscription price, which is the payment of the minimum dividend on the preferred shares for each period in accordance with the Bank&#8217;s bylaws.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">7.5.2 Financial guarantee contracts and loan commitments</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">In order to meet the needs of its customers, the Bank issues financial standby letters of credit, bank guarantees and loan commitments. Loan commitments are those agreements under which the bank has an irrevocable obligation to grant the loan. The financial guarantee contracts issued by the Bank are contracts that require the issuer to make specified payments to reimburse the holder for a loss it incurs because a specified debtor fails to make payment when due to accordance with the original or modified terms of a debt instrument.</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Both financial guarantee contracts and loan commitments are initially recognized as liabilities at fair value, which is normally the fee received, adjusted for the directly attributable transaction costs incurred. 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letter-spacing: 0px; top: 0px;;display:inline;">The Bank assesses whether the instruments subject to exchange are substantially different from each other, considering qualitative aspects such as currencies, terms, rates, conditions of subordination, regulatory framework, among others; and quantitative, in which is evaluated whether the present value of discounted cash flows under the conditions of the new instruments (including any commission paid net of any commission received) and using the original effective interest rate to calculate the discount, is at least 10 percent different from the discounted present value of the cash flows that still remain of the original financial liability.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; 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In this case, incremental costs and commissions adjust the carrying amount of the liability and are amortized over the remaining life of the modified liability, in accordance with its subsequent measurement at Amortized Cost. 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In this case, the amortized cost of the modified liability is adjusted to the present value of the estimated contracts cash flows which are discounted at the original effective interest rate of the financial instrument and a gain or loss is recognized immediately in profit or loss. Incremental costs and commissions adjust the carrying amount of the liability and are amortized over the remaining life of the modified liability; its subsequent measurement continues at Amortized Cost. 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In general, this characteristic will be fulfilled when the following delinquency conditions are present:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;margin-right: auto;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 2.0pt;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Type</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 2.0pt;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 80.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Length of delinquency</div></div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 2.0pt;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Consumer</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 2.0pt;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">180 days, 450 days for vehicles in GAH, 720 days for loans with mortgage guarantee in Banco Agricola</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 2.0pt;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Commercial</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 2.0pt;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">360 days</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 2.0pt;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Small Business Loan</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 2.0pt;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">180 days, 720 days for loans with guarantee in Banistmo</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 2.0pt;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Mortgage</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 2.0pt;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">For Banistmo and Banco Agr&#237;cola from 720 days. GAH 1440 days.</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Among the reasons underlying a loan's non-recoverability are the estimated recovery time of the obligation and the probable recovery percentage given the existence or lack of collateral. When default conditions are present, it is initially necessary to evaluate whether the collateral that support the loan generate a reasonable expectation of recovery; if so, the necessary steps are taken to realize on the collateral prior to writing-off the loan in cases where the collateral net fair value indicates that there are no reasonable expectations of recovery, loans are written-off in the financial statements.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">7.7. Derivatives financial instruments</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">A financial derivative is an instrument whose value changes in response to changes in a variable such as an interest rate, exchange rate, the price of a financial instrument, a credit rating or a credit index. This instrument requires no initial payment, or a smaller investment than would be required for other financial instruments with a similar response to changes in market conditions, and it is generally settled at a future date.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank carries out derivative transactions to facilitate the business of clients related to the management of their market and credit risk; managing the exposure in its own position to changes in interest rates and risks in exchange rates; or to obtain benefits from changes in valuations experienced by these instruments in the market. Derivatives are recognized and measured at fair value through profit or loss, unless such derivatives are designated as hedging instruments in cash flow hedges or as a hedge of a net investment in a foreign operation. In those cases, the effective portion of changes in the fair value of the derivatives are recognized in other comprehensive income. All derivatives are carried as assets when fair value is positive and as liabilities when fair value is negative</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">7.7.1 Hedge accounting</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Fair value hedges are used by the Bank, through its Panamanian subsidiary, Banistmo, to protect against changes in the fair value of investment securities that are attributable to interest rate variability. Cash flow hedges are used mainly to reduce the variability in cash flows caused by interest rate changes. When the hedging relationship is considered to be highly effective, the changes in value of the hedging derivatives are accounted for according to their classification as fair value hedges, cash flow hedges and hedges of net investment in foreign operations, as set in the paragraph below.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank assesses at the inception of the hedge and on a monthly basis during the life of the instrument, whether the hedge used in the transaction is expected to be highly effective (prospective effectiveness), and considers the actual effectiveness of the hedge on an ongoing basis (retrospective effectiveness). The Bank discontinues the hedge accounting when the hedging instrument expires or is sold, terminated or exercised, the hedge no longer meets the criteria for hedge accounting or if hedge designation is revoked. When hedge accounting for a fair value hedge is terminated the previous adjustments related to the changes in fair value of the hedged item are subsequently recorded in the consolidated statement of income in the same manner as other components of the carrying amount of that asset.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Before the establishment of the hedge accounting, the Bank documents the relationship between hedged items and hedging instruments, as well as its risk management objectives and hedging strategies, which are approved by the Risk Management Committee as the body designated by the Board of Directors.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Hedge relationships are classified and accounted for in the following way:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#8211;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</div><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair value hedges: </div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">are designated to protect against the exposure to changes in the fair value of recognized assets or liabilities or unrecognized firm commitments.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Changes in the fair value of derivatives that are designated and qualify as hedging instruments in fair value hedges are recorded in the statement of income as interest and valuation on investments. The change in fair value of the hedged item attributable to the hedged risk is uncluded as part of the carrying value of the hedged item, and it is also recognized in the aforementioned item of statement of income.</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;">&#160;</div><div style="font: 10pt/normal times new roman, times, serif; margin: 0pt 0px; text-align: justify; font-size-adjust: none; font-stretch: normal;">For fair value hedges that are related to items accounted for at amortized cost, the adjustments to the carrying value are amortized through the statement of income during the remaining term until their expiry.</div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;">&#160;</div><div style="font: 10pt/normal times new roman, times, serif; margin: 0pt 0px; text-align: justify; font-size-adjust: none; font-stretch: normal;">Amortization may begin as soon as an adjustment exists and shall begin no later than when the hedged item ceases to be adjusted for changes in its fair value attributable to the risk being hedged. The adjustment is based on a recalculated effective interest rate at the date amortization begins. If the hedged item is derecognized, the non-amortized fair value is recognized immediately in the statement of income. If the hedge instrument expires or it is sold, terminated or exercised, or when the hedge no longer meets the criteria for hedge accounting, the Bank discontinues prospectively the hedge accounting. For the items hedged at amortized cost, the difference between the carrying value of the item hedged at the termination of the hedge and the nominal value are amortized using the effective rate method during the time beyond the original terms of the hedge. If the hedged item is derecognized, the remaining value to amortize is recognized immediately in the statement of income.</div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">When an unrecognized firm commitment is designated as a hedged item, the subsequent cumulative change in the fair value of the firm commitment attributable to the hedged risk is recognized as an asset or liability with corresponding gain or loss recognized in net income.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#8211;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</div><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Cash flow hedges:</div></div><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> are used mainly to manage the exposition to variability related to the cash flow attributable to a specific risk associated with an asset or liability recognized on statement of financial position or to a highly probable forecast transaction.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The portion of the gain or loss on the hedging instrument that is determined to be an effective hedge is recognized in other comprehensive income. The ineffective portion of the gain or loss on the hedging instrument is recognized in the statement of income.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">If the hedging instrument expires or is sold, terminated or exercised, without replacement or rollover into another hedging instrument, or if its hedging designation is revoked, any accumulated gain or loss previously recognized in OCI remains in OCI, until the planned operation or the firm commitment affects </div> the operations.</div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Hedge accounting is discontinued when the Bank revokes the hedging relationship, when the hedging instrument expires or is sold, terminated, or exercised, or when no longer qualifies for hedge accounting. Any gain or loss recognized in other comprehensive income and accumulated in equity at that time remains in equity and is recognized in other comprehensive income when the forecast transaction is ultimately recognized in net income. When a forecast transaction is no longer expected to occur, the gain or loss accumulated in equity is recognized immediately in net income.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#8211;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</div><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Hedges of a net investment in a foreign operation:</div></div><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> In accordance with IAS 39 &#8216;Financial instruments&#8217; and IFRIC 16 &#8216;Hedges of a net investment in a foreign operation&#8217;, the Bank has decided to apply the hedge accounting of the foreign currency risk arising from its net investment in Banistmo, designating as a hedging instrument of certain debt securities issued by the Parent Company. Considering the hedge accounting relationship, in the case of the net investment, the gain or loss derived from the foreign exchange differences related to the debt securities that is determined to be an effective hedge is recognized in other comprehensive income, as is the currency translation adjustment of the Banistmo operation into the presentation currency as required by IAS 21 as detailed in F.2. &#8216;Functional and presentation currency&#8217;.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">8. Premises and equipment</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Premises and equipment include tangible items that are held for use, for rental to others, or for administrative purposes and are expected to be used for more than one period.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Items of premises and equipment are expressed at cost less accumulated depreciation and impairment losses. Depreciation is calculated using the straight-line method over the estimated useful lives of the assets. The depreciable amount is the cost of an asset less its residual value. The estimated useful lives for each asset group are:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 90%;margin-left: auto;margin-right: auto;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: bottom;width: 48.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Asset group</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: bottom;width: 52.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Useful life range</div></div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Buildings</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10 to 75 years</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Furniture and fixtures</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5 to 20 years</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Computer equipment</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3 to 20 years</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Equipment and machinery</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; 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text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3 to 6 years</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The assets&#8217; residual values and useful lives are reviewed, and adjusted if appropriate, at the end of each reporting period. 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Assets classified as premises and equipment are subject to impairment tests when events or circumstances occur indicating that the carrying amount of the assets may not be recoverable If there is any indication of impairment, the Bank estimates the recoverable amount of the assets and then recognizes the impairment loss in the consolidated statement of income.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">An impairment loss is recognized for the amount by which the asset&#8217;s carrying amount exceeds its recoverable amount and is recognized in the statement of income as &#8216;impairment, depreciation and amortization&#8217;.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">When the carrying value exceeds the recoverable value, the carrying value is adjusted to its recoverable value, modifying the future charges for depreciation, according to its new remaining useful life.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">In a similar way, when indications exist that the value of an asset has been recovered, reversal of an impairment loss is recognized immediately in net income and consequently the future charges for the asset&#8217;s depreciation are adjusted. In any case, the reversal of the impairment loss of assets cannot increase its carrying value above the amount that it would have if impairment losses in previous periods had not been recognized.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">For the purposes of assessing impairment, assets are grouped at the smallest identifiable group that generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets (cash-generating units). The evaluation can be carried out at individual asset level when the fair value less the cost of sale can be reliably determined and the value in use is estimated to be close to its fair value less costs to sell and fair value less costs to sell can be determined</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Maintenance expenses of the premises and equipment are recognized as an expense in the period in which they are incurred and are registered in the consolidated statement of income as </div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">administrative and general expenses.</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Gains and losses in the sale of premises and equipment are registered in the consolidated statement of income as </div><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">other operating income </div></div><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">or </div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">other expenses.</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">9. Investment properties</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Land and buildings that the Bank holds to earn rentals or for capital appreciation or both rather than for their use in the supply of services or sale in the ordinary course of business are recognized as investment properties.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The investment properties are measured initially at cost, including the transaction costs. The carrying value includes the cost of replacement or substitution of a part of an investment property at the time the cost is incurred, if the cost meets the recognition criteria; and it excludes the daily maintenance costs of the investment property which are included in the statement of income as &#8220;Other expenses&#8221;.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">After the initial recognition, the investment properties are measured at fair value which reflects the market conditions at the statement of financial position date. The gains and losses that arise from changes in the fair values of investment properties are included in the statement of income as &#8216;Other operating income&#8217;.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The investment properties are derecognized, either at the moment of their disposal or when they are permanently withdrawn from use and no future economic benefits are expected. The difference between the net disposal proceeds of the investment properties and the carrying value is recognized in net income in the period the disposal occurs.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Transfers of an asset to or from the investment properties are only made when there is a change in its use. For a transfer from an investment property to premises and equipment, the cost taken into account for its subsequent accounting is the fair value at the time of the change in use. 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Intangible assets</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">An intangible asset is an identifiable non-monetary asset with no physical appearance. Separately acquired intangible assets are measured initially at their cost. The cost of intangible assets acquired in business combinations is their fair value at the date of acquisition. After the initial recognition, the intangible assets are accounted for at cost less any accumulated amortization and any accumulated impairment loss. The costs of internally generated intangible assets, excluding the costs from development that meet the recognition criteria, are not capitalized and the expense is reflected in the statement of income as it is incurred.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The useful lives of intangible assets are determined as finite or indefinite. The intangible assets with finite useful lives are amortized using the straight-line method over their estimated useful lives. The amortization period and the amortization method for intangible assets with a finite useful life are reviewed at least at the close of each period. The expected changes in the useful life or in the pattern of consumption of the future economic benefits of the asset are accounted for when changing the period or amortization method, as appropriate, and they are treated as changes in the accounting estimates. The amortization expense of intangible assets with finite useful lives is recognized in the statement of income. The useful lives of the intangible assets with finite life ranges between 1 and 10 years.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank assesses annually its intangible assets with finite life in order to identify whether any indications of impairment exist, as well as possible reversal of previous impairment losses.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Intangible assets with indefinite useful lives are not subject to amortization, but are periodically tested in order to identify any impairment, either individually or at the cash-generating unit level. The assessment of the indefinite life is reviewed annually to determine if it continues being valid. In the event that the assessment were not valid, the change from indefinite useful life to finite useful life is recognized prospectively.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The gain or loss that arises when an intangible asset is derecognized are measured as the difference between the disposal value and the carrying value of the asset and is recognized in the statement of income.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank&#8217;s intangible assets comprise mainly intangibles of finite useful life: licenses, software and computer applications, client relationships and the legal stability agreement signed with the Ministry of Finance and Public Credit (See note 11 Income tax), customer relationships and patents. 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The net realisable value is the estimated selling price in the ordinary course of business less its estimated costs to sell. The adjustment in the carrying value to reflect the NRV, is recognized in the statement of income of the period in which the goods are returned. 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These assets or groups of assets are shown separately in the statement of financial position at the lower of their carrying value and their fair value less costs to sell and they are not depreciated nor amortized from the date of their classification.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The held for sale condition is met if the assets or group of assets are available, in their current condition, for immediate sale and the sale transaction is highly probable and is expected to be completed within the year following the date of classification.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank performs the measurement of the assets held for sale at the statement of financial position date. 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letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Impairment of non-financial assets and cash-generating units and goodwill</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank evaluates at the end of each period whether there is any indication that on a stand-alone basis non-financial assets and cash-generating units are impaired. 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Regardless of whether impairment indicators exist, goodwill must be tested annually for impairment.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">If an asset does not generate cash flows that are independent from the rest of the assets or group of assets, the recoverable amount is determined by the cash-generating unit to which the asset belongs.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; 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Expenses related to these benefits are recognized over the period in which the employees provide the services to which the payments relate.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">15.2</div></div><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Other long term employee benefits</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank grants to its employees seniority bonuses as long-term employee benefits whose payment is not expected within the 12 months following the end of the annual period in which the employees have rendered their services. 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Any contributions unpaid at the statement of financial position date are included as a liability.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#8722;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Defined benefit plans</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">They are post-employment benefit plans in which the Bank has the legal or constructive obligation to take responsibility for the payments of benefits that have agreed. The Bank makes an actuarial valuation on the basis of the projected unit credit method and a risk-free rate which reflects current market assessments of the time value of money in each country.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; text-indent: -0.25in; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">16.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Provisions, contingent liabilities and contingent assets</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Provisions are recorded when the Bank has a present obligation (legal or constructive) as a result of past events, it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Provisions are determined by the management&#8217;s best estimate of the expenditure required to settle the present obligation at the end of the reporting period, which estimate is discounted using a risk-free rate which reflects current market assessments of the time value of money in each country, treasury bonds (TES)<div style="vertical-align: super;font-size: smaller;display:inline;">1</div> for Colombia. The corresponding expense of any provision is recorded in the statement of income, as a provision ,net of all expected reimbursement. The increase of the provision due to the time value of money is recognized as a financial expense.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="margin-top: 3pt; margin-bottom: 3pt; margin-left: 0in;"><div style="border-top: 1pt solid rgb(0, 0, 0); width: 25%; font-size: 2pt;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; 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max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The amounts recognized in the statement of income, correspond mainly to:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#8722;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; 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top: 0px;;display:inline;">&#8722;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Provisions for legal proceedings, classified as probable to be decided against the Bank.</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none;">&#160;</div><div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Possible obligations that arise from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events, not wholly within the control of the Bank, or a present obligation that arise from past events but are not recognized because it is not probable, that an outflow of resources embodying economic benefits will be required to settle the obligations or the amount of the obligations cannot be measured with sufficient reliability, are not recognized in the financial statement but instead are disclosed as contingent liabilities, unless the possibility of an outflow of resources embodying economic benefits is remote, in which case no disclosure is required.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; 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When the realization of income is virtually certain, then the related asset is not a contingent asset and its recognition is appropriate.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 20pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">17.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Customer loyalty program</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank maintains a credit card loyalty program to provide incentives to its customers. The program allows customers to purchase goods and services, based on the exchange of awards points, which are awarded based on purchases using the Bank's credit cards and the fulfillment of certain conditions established in such program. Point&#8217;s redemption for prizes is carried out by a third party. According to IFRS 15, the expenses of the Bank's commitments with its clients arising from this program are recognized as a lower value of the fees and commission income, considering the total number of points that can be redeemed over the accumulated prizes and taking into account the probability of redemptions.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">18.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Revenue recognition</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="background: none; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="background: #ffffff;font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Policy applicable since of January 1, 2018</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.01in; margin-top: 0px; text-align: justify; text-indent: 0.01in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="background: #ffffff;font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Bank recognizes revenue from ordinary activities, which represent the transfer of goods or services committed with customers in exchange for an amount that reflects the consideration to which the entity expects to be entitled in exchange for such assets or services. Unlike the scope of IAS 18, the recognition and measurement of interest income and dividend income from debt and equity instruments are no longer within the scope of IFRS 15. Instead, they are within the scope of IFRS 9</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank evaluates the contracts and commitments established with customers, identifying compliance with the five steps established in IFRS 15 as follows:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Identifying the contract</div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">: the parties' rights, payment conditions, evaluation of the commercial basis and characteristics of the compensations are identified, and the Bank evaluates if there are modifications or combinations that applied.</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.5in; margin-top: 0px; text-align: justify; text-indent: -0.25in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; color: rgb(46, 116, 181); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Identifying performance obligations: </div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank evaluates the commitments included in the entity's contracts to identify when the customer makes use of the service and whether the obligations are identifiable separately.</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Determining the transaction price:</div><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> The characteristics of the amounts for which the agreed services were exchanged are reviewed in the Bank's contracts, to estimate the effect of the variable consideration in kind, or others payable to the customer.</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.5in; margin-top: 0px; text-align: justify; text-indent: -0.25in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Allocating the transaction price to performance obligations:</div><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> In the evaluation of prices to the Bank's contracts, these are designated individually to the services provided by the Bank, even in the products where there are commitments packaged.</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; 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max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank satisfies a performance obligation and recognizes revenue over time, if one of the following criteria is met:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">a)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; 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font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">b)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank's performance creates or enhances an asset that the customer&#160;controls as the asset is created or enhanced</div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; 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The Bank recognizes the contractual assets as current assets, as they are expected to be realized within the normal operating cycle.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The costs of contracts eligible for capitalization as incremental costs when obtaining a contract are recognized as a contractual asset. Contractual costs are capitalized when incurred if the Bank expects to recover those costs. Contractual costs constitute non-current assets to the extent that the Bank expects to receive the economic benefits of those assets in a period greater than twelve months. The contractual costs are amortized systematically and consistently with the transfer of the services to the customer once the corresponding revenue has been recognized. The capitalized contractual costs are impaired if the customer withdraws or if the carrying amount of the asset exceeds the projection of the discounted cash flows that are related to the contract.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">When the amount of consideration received from a customer exceeds the amount of the recognized revenue, this creates a contractual liability. Contract liabilities constitute the Bank's obligation to transfer goods or services to a customer, for which the Bank has received a payment from the end customer or if the amount is past due. They also include deferred income related to goods or services that shall be delivered or provided in the future, which will be billed to the customer in advance, but which are not yet past due.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Revenue is measured based on the consideration specified in the contract with the customer, and excludes amounts received on behalf of third parties when the Bank is an agent. The Bank recognizes revenue when it transfers control over a good or service to a customer. Revenue is presented net of reimbursements and discounts and after eliminating inter-group sales. The Bank evaluates its revenue categories based on specific criteria in order to determine whether it acts as principal or agent. Revenue is recognized to the extent that it is probable that economic benefits flow to the Bank and it is possible to reliably measure revenues and costs in case there are.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="background: #ffffff;font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank presents revenue recognized from contracts with customers on a disaggregated basis categories according to the nature, amount, timing and uncertainty of revenue, this being the only impact on the presentation of financial statements. The Bank also discloses information about the relationship between the disclosure of disaggregated revenue and the information of the revenue disclosed for each operating segment.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="background: #ffffff;font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Policy applicable until December 31, 2018</div></div></div><div style="background: none; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Revenue under IAS 18 applicable to the accounting information presented up to the year 2017, was recognized as it was probable that the economic benefits flowed to the entity and the revenues could be measured reliably.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; text-indent: -0.25in; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 36pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">18.1.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Interest income and expenses</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">For all financial instruments measured at amortized cost, interest income and interest expenses are recognized using the effective interest rate. The effective interest rate is the rate that exactly discounts future estimated cash flows payments through the expected life of the financial instrument or, when appropriate, a shorter period, to the net carrying value of the financial liability or asset. The computation takes into account all the contractual conditions of the financial instrument (for example, prepayment options) and includes incremental fees or expenses that are directly attributed to the instrument and are an integral part of the Effective Interest Rate (EIR), but not future credit losses.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">For debt securities at fair value, gains and losses arising from changes in fair value are included in the statement of income as &#8216;Interest and valuation on financial instruments&#8217;.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 36pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">18.2.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fees and commission income</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank charges fees for the services it provides to its customers. 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The payments include income from commissions and asset management, custody and other administration and advisory commissions. 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Management bases its estimates and judgments on historical experience and on various other factors that are believed to be reasonable under current circumstances. 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letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; text-align: justify; background: none;">&#160;</div><div style="color: rgb(0, 0, 0); font: 10pt 'times new roman', times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0pt 0px; text-align: justify;">This process enables management to periodically determine whether assumptions and models used to measure credit risk impairment should be adjusted to achieve more precise estimations</div><div style="color: rgb(0, 0, 0); font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; 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font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Impairment testing of CGU including goodwill:</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank tests goodwill recognized upon business combinations for impairment at least annually. The impairment test for goodwill involves estimates and significant judgments, including the identification of cash generating units and the allocation of goodwill based on the expectations of which operating segments the Bank will benefit from the acquisition. The fair value of the acquired companies is sensitive to changes in the valuation models&#8217; assumptions. Adverse changes in any of the factors underlying these assumptions could lead the Bank to record a goodwill impairment charge. Management believes that the assumptions and estimates used are reasonable and supportable in the existing market environment and commensurate with the risk profile of the assets valued. 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The projected unit credit method is used to determine the present value of the obligation for the defined benefits and its associated cost. Future measurements of obligations may differ to those presented in the financial statements, among others, due to changes in economic and demographic assumptions and significant events. For further information, see Note 18.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; text-indent: -0.25in; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">7.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Transaction price determination</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;">With respect to contracts with the Bank&#8217;s customers, for the determination of the transaction price, the Bank allocates to each one of the performance obligations under the contract the price which represents the value expected to be received to each such performance obligation based on its relative stand-alone selling price. Such price is determined based on the cost of each service, related tax and associated risks to the operation and inherent to the transaction, plus the margin expected to be received for the services, considering in each case the market price for the service, the conditions agreed with the customer and the customer&#8217;s segment. The bank has fixed and variable prices considering the characteristics of each service, future events, discounts, returns and other variables that may influence the selling price. 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font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">a)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Recently Issued Accounting Pronouncements Applicable in 2018</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="background: none; font-family: &quot;times new roman&quot;, serif; 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The final category has been introduced for specific simple debt instruments and equity instruments for which the entity irrevocably designates to recognize its changes in other comprehensive income from the initial recognition. </div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-left: 0.25in;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The classification of financial liabilities and their subsequent measurement remained mostly unchanged in relation to IAS 39, except for those liabilities designated at fair value through profit or losses for which the reporting entity is required to recognize changes in own-credit risk in other comprehensive income and the accounting for contractual modifications.</div></div><div style="font-family: &quot;times new roman&quot;, serif; 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font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Impairment:</div><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> IFRS 9 (2014) set significant changes in the assessment of the impairment of the value of financial instruments and therefore their associated risk, going from an incurred&#160;loss model to one of expected credit loss. The new regulation defined a model that identifies a Significant Increase in Credit Risk (SICR) in an instrument prior to the identification of objective evidence of impairment (EOD) and for which a loss over the life time of the asset should be measured. </div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-left: 0.25in;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">In this line, The Bank established the quantitative and qualitative criteria through which it is possible to identify significant increases in the credit risk of an instrument.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-left: 0.25in;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The impairment-related requirements apply to financial assets measured at amortized cost and fair value through other comprehensive income (FVOCI) whose business model is intended to collect of contractual flows and/or sales (as well as for lease account receivables, loan commitments and financial guarantees).</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-left: 0.25in;margin-top: 0;text-align: justify;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank, in accordance with IFRS 9, estimates the Expected Credit Losses (ECL) based on the present value of the difference between contractual cash flows and expected cash flows of the instrument, estimated through collective and individual methodologies or analyses. 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For this, new processes and procedures were created, impairment policies were updated, and a control environment aligned with the SOX requirements was designed.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-left: 0.25in;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Impairment measurements were made through collective and individual evaluation models, with sufficient sophistication required for each portfolio. Collective models include parameters of probability of default at 12 months, life time probability of default, loss given default and exposure at default with the inclusion of the prospective criteria. The individual analysis methodology is applied in significant exposures and includes the evaluation of weighted loss scenarios, considering the macroeconomic expectations and the particular conditions of each debtor. For further information, please see Note 2.D.7.4.5.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: symbol; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#61623;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Hedge accounting:</div><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> These requirements align hedge accounting more closely with risk management, establish a more principle-based approach to hedge accounting and address inconsistencies and weaknesses in the hedge accounting model in IAS 39. Entities have been provided with an accounting policy option between applying the hedge accounting requirements of IFRS 9 or continuing with the application of the existing hedge accounting requirements of IAS 39 for all hedge accounting, as the project on macro hedge accounting has not yet been completed. 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IFRS 15 establishes that an entity recognizes revenue from ordinary activities, so they can represent the transfer of goods or services committed with customers in exchange for an amount that reflects the consideration to which the entity expects to be entitled in exchange for such assets or services. IFRS 15 replaces IAS 11 - Construction contracts, IAS 18 - Income from ordinary activities, as well as related interpretations. This rule is effective for the period beginning on January 1, 2018, and its early adoption is permitted. 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This clarification provides that entities might have to recognize a past service cost, or a gain or loss on settlement, that reduces a surplus that was not recognized before. Changes in the effect of the asset ceiling are not netted with such amounts. This amount is recognized in profit or loss. An entity then determines the effect of the asset ceiling after the plan amendment, curtailment or settlement. Any change in that effect, excluding amounts included in the net interest, is recognized in other comprehensive income. 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font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">OWNERSHIP</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">INTEREST AND</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;VOTING POWER</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;HELD BY THE</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">BANK&#160;2016</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Fiduciaria Bancolombia S.A. Sociedad Fiduciaria</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Trust</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">98.81%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">98.81%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">98.81%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Banca de Inversi&#243;n Bancolombia S.A. Corporaci&#243;n Financiera</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Investment banking</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Valores Bancolombia S.A. Comisionista de Bolsa</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Securities brokerage</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Renting Colombia S.A.S. </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Operating leasing</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Transportempo S.A.S.</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Transportation</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Valores Simesa S.A. <div style="vertical-align: super;font-size: smaller;display:inline;">(1)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Investments</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">67.73%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">68.57%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">68.57%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Inversiones CFNS S.A.S.</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Investments</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">99.94%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">99.94%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">99.94%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">BIBA Inmobiliaria S.A.S.</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Real estate broker</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">FCP Fondo Colombia Inmobiliario.<div style="vertical-align: super;font-size: smaller;display:inline;">(2)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Real estate broker</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">51.29%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">63.47%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">62.55%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Prosicol S.A.S. <div style="vertical-align: super;font-size: smaller;display:inline;">(3)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Pre-operating stage</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">68.57%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Fideicomiso "Lote Abelardo Castro".</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Mercantil trust</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">67.39%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">68.23%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">68.23%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Bancolombia Panam&#225; S.A.</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Panama</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Banking</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Sistemas de Inversiones y Negocios S.A. Sinesa</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Panama</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Investments</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Banagr&#237;cola S.A.</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Panama</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Investments</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">99.16%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">99.16%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">99.16%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Banistmo S.A. </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Panama</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Banking</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Banistmo Investment Corporation S.A. </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Panama</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Trust</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Financomer S.A. </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Panama</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Financial services</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Leasing Banistmo S.A. </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Panama</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Leasing</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Valores Banistmo S.A. </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Panama</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Purchase and sale of securities</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Suvalor Panam&#225; Fondos de Inversi&#243;n S.A. </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Panama</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Holding</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 30.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">ENTITY</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">JURISDICTION</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">OF</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">INCORPORATION</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 16.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">BUSINESS</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">PROPORTION OF</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">OWNERSHIP</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">INTEREST AND</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">VOTING POWER</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">HELD BY THE</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">BANK&#160;2018 </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">PROPORTION OF</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">OWNERSHIP</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">INTEREST AND</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">VOTING POWER</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">HELD BY THE</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">BANK&#160;2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">PROPORTION OF</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">OWNERSHIP</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">INTEREST AND</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;VOTING POWER</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;HELD BY THE</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">BANK&#160;2016</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Suvalor Renta Fija Internacional Largo Plazo S.A. </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Panama</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Collective investment fund</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Suvalor Renta Fija Internacional Corto Plazo S.A. </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Panama</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Collective investment fund</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Banistmo Asset Management Inc. <div style="vertical-align: super;font-size: smaller;display:inline;">(4)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Panama</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Purchase and sale of securities</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Banistmo Capital Markets Group Inc. <div style="vertical-align: super;font-size: smaller;display:inline;">(5)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Panama</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Purchase and sale of securities</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Van Dyke Overseas Corp. <div style="vertical-align: super;font-size: smaller;display:inline;">(6)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Panama</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Real estate broker</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Inmobiliaria Bickford S.A. <div style="vertical-align: super;font-size: smaller;display:inline;">(6)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Panama</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Real estate broker</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Williamsburg International Corp. <div style="vertical-align: super;font-size: smaller;display:inline;">(6)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Panama</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Real estate broker</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Anavi Investment Corporation S.A. <div style="vertical-align: super;font-size: smaller;display:inline;">(5)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Panama</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Real estate broker</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Desarrollo de Oriente S.A. <div style="vertical-align: super;font-size: smaller;display:inline;">(5)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Panama</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Real estate broker</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Steens Enterpresies S.A. <div style="vertical-align: super;font-size: smaller;display:inline;">(5)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Panama</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Portfolio holder</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Ordway Holdings S.A. <div style="vertical-align: super;font-size: smaller;display:inline;">(5)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Panama</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Real estate broker</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Grupo Agromercantil Holding S.A.</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Panama</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Holding</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Banco Agr&#237;cola S.A.</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">El Salvador</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Banking</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">97.36%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">97.36%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">97.36%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Arrendadora Financiera S.A. Arfinsa</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">El Salvador</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Leasing</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">97.37%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">97.37%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">97.36%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Credibac S.A. de C.V.</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">El Salvador</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Credit card services</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">97.36%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">97.36%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">97.36%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Valores Banagr&#237;cola S.A. de C.V.</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">El Salvador</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Securities brokerage</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">98.89%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">98.89%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">98.89%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Inversiones Financieras Banco Agr&#237;cola S.A IFBA</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">El Salvador</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Investments</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">98.89%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">98.89%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">98.89%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Gestora de Fondos de Inversi&#243;n Banagricola S.A.</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">El Salvador</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Administers investment funds</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">98.89%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">98.89%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">98.89%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Arrendamiento Operativo CIB S.A.C.<div style="vertical-align: super;font-size: smaller;display:inline;">(7)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Peru</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Operating leasing</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Fondo de Inversi&#243;n en Arrendamiento Operativo - Renting Per&#250;<div style="vertical-align: super;font-size: smaller;display:inline;">(8)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Peru</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Car Rental</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Capital Investments SAFI S.A. <div style="vertical-align: super;font-size: smaller;display:inline;">(8)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Peru</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Trust</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">FiduPer&#250; S.A. Sociedad Fiduciaria<div style="vertical-align: super;font-size: smaller;display:inline;">(7)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Peru</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Trust</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">98.81%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">98.81%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">98.81%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Leasing Per&#250; S.A. <div style="vertical-align: super;font-size: smaller;display:inline;">(8)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Peru</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Leasing</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Banagr&#237;cola Guatemala S.A<div style="vertical-align: super;font-size: smaller;display:inline;">.(8)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Guatemala</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Outsourcing</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">99.16%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">99.16%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Banco Agromercantil de Guatemala S.A.</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Guatemala</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Banking</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Seguros Agromercantil de Guatemala S.A.</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Guatemala</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Insurance company</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">59.17%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">59.17%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">59.17%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Financiera Agromercantil S.A.</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Guatemala</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Financial services</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Agrovalores S.A.</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Guatemala</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Securities brokerage</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Tarjeta Agromercantil S.A. <div style="vertical-align: super;font-size: smaller;display:inline;">(8)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Guatemala</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Credit Card</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Arrendadora Agromercantil S.A.</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Guatemala</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Operating Leasing</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Agencia de Seguros y Fianzas Agromercantil S.A.</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Guatemala</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Insurance company</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Asistencia y Ajustes S.A.</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Guatemala</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Services</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 70.9pt;padding-right: 0;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-indent: -0.98in; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Serproba S.A.</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Guatemala</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Maintenance and remodelling services</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Servicios de Formalizaci&#243;n S.A.</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Guatemala</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Loans formalization</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 30.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">ENTITY</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">JURISDICTION</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">OF</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">INCORPORATION</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 16.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">BUSINESS</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">PROPORTION OF</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">OWNERSHIP</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">INTEREST AND</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">VOTING POWER</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">HELD BY THE</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">BANK&#160;2018 </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">PROPORTION OF</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">OWNERSHIP</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">INTEREST AND</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">VOTING POWER</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">HELD BY THE</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">BANK&#160;2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">PROPORTION OF</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">OWNERSHIP</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">INTEREST AND</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;VOTING POWER</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;HELD BY THE</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">BANK&#160;2016</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Conserjeria, Mantenimiento y Mensajer&#237;a S.A.</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Guatemala</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Maintenance services</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Media Plus S.A. <div style="vertical-align: super;font-size: smaller;display:inline;">(8)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Guatemala</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Advertising and marketing</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Mercom Bank Ltd.</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Barbados</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Banking</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">New Alma Enterprises Ltd.</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Bahamas</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Investments</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Bancolombia Puerto Rico Internacional Inc.</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Puerto Rico</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Banking</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Bancolombia Caym&#225;n S.A.</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Cayman Islands</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Banking</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Bagr&#237;cola Costa Rica S.A.</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Costa Rica</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Outsourcing</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">99.16%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">99.16%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">99.16%</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; text-indent: -0.13in; margin-left: 0.13in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">&#160;</div></div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 0.3pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">(1)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">The decrease in the shareholding is due to the repurchase of outstanding stock by the subsidiary.</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 0.3pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">(2)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">During 2018, the Bank's shareholding decreased in the subsidiary's capitalization process.</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 0.3pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">(3)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Investment sold by Valores Simesa during 2017.</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 0.3pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">(4)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Investment absorbed by Banistmo Capital Markets Group, Inc. during 2017.</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 0.3pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">(5)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Investments in non-operational stage.</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 0.3pt;"><div style="font-family: &quot;times new roman&quot;, serif; 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font-size: 10pt; line-height: normal; background: none;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">(7)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Investment classified as assets held for sale. 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font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Investment liquidated during 2018.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 17245000000 14320000000 12956000000 <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank consolidates the following funds:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td rowspan="2" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Name</div></div></div></td><td rowspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Country</div></div></div></td><td rowspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">% of ownership</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">interest held by</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">the Bank, 2018</div></div></div></td><td rowspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">% of ownership</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;interest held by</div></div><br/><div style="color: rgb(0, 117, 192); 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font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December</div></div><br/><div style="color: rgb(0, 117, 192); 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font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">51.29%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; 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font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">67.39%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">68.23%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">68.23%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 0;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">11,616</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 0;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,343</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Suvalor Panam&#225; Fondo de Inversi&#243;n</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Panam&#225;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 0;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">244</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 0;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">224</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Fondo de Inversi&#243;n en Arrendamiento Operativo Renting Per&#250;</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Per&#250;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 0;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 0;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 427000000 922000000 589000000 <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table summarizes the assets, liabilities, net assets, net income and cash flows as of December 31, 2018, 2017 and 2016, related to the FCP Colombia Inmobiliario:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 49.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 17.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 17.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 17.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2016</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assets</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,205,133</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,698,224</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,009,382</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Liabilities</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">963,841</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,048,867</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">655,315</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net assets</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,241,292</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,649,357</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,354,067</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Condensed statement of income</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Income</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-indent: 0.24in; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Valuation of investment properties</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">70,933</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">81,816</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">52,543</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-indent: 0.24in; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Valuation of trust rights</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">29,161</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">53,143</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,903</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-indent: 0.24in; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Rents</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">147,324</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">135,135</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">120,811</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-indent: 0.24in; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Profits of equity method investees </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">96,201</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">144,146</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-indent: 0.24in; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Other income </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,940</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,493</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,616</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total Income</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">350,559</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">418,733</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">188,873</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Expenses</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-indent: 0.24in; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Interest on loans</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">67,593</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">68,900</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">67,558</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-indent: 0.24in; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Trust fees</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">554</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">322</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9,004</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-indent: 0.24in; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Other expenses</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">121,162</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">86,270</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">49,078</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total Expenses</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">189,309</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">155,492</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">125,640</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net Income</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">161,250</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">263,241</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">63,233</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Condensed cash flow</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Net cash (used in) provided by operating activities</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(351)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(394)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(372)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Net cash (used in) provided by investing activities</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Net cash (used in) provided by financing activities</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">334</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">409</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">375</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Cash and cash equivalents at beginning of year</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">18</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Cash and cash equivalents at end of year</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">18</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table summarizes the assets, liabilities, net assets, net income and cash flows as of December 31, 2018, 2017 and 2016 of GAH.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 49.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 17.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 17.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 17.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2016</div></div></div></td></tr><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assets</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">13,556,250</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">12,191,869</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">11,795,358</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Liabilities</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">12,209,984</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">10,847,895</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">10,477,427</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Equity</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,346,266</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,343,974</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,317,931</div></div></div></td></tr><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Condensed statement of income</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Net interest margin and valuation income on financial instruments after impairment on loans and financial leases and off-balance sheet credit instruments</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">388,932</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">389,463</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">393,972</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Total fees and commission, net</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">111,932</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">101,565</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">58,745</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Other operating income</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">52,286</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">54,246</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">55,942</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Dividends received and equity method</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">579</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">608</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">779</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total operating income, net</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">553,729</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">545,882</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">509,438</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Operating expenses</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(458,277)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(445,038)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(435,430)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Income tax</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(15,910)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(21,546)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(11,197)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net income</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">79,542</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">79,298</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">62,811</div></div></div></td></tr><tr><td colspan="4" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Condensed cash flow</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Net cash (used in) provided by operating activities</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(66,235)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">192,850</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(136,878)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Net cash (used in) provided by investing activities</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">244,949</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,427)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(4,157)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Net cash (used in) provided by financing activities</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,983)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(87,103)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(77,684)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Cash and cash equivalents at beginning of year</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,324,893</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,098,861</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,359,176</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Cash and cash equivalents at end of year</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,500,624</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,203,181</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,140,457</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Other comprehensive income</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Investments&#160;at fair&#160;&#160;value&#160;&#160;through OCI</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(6,598)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,241</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,682</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Translation adjustment</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">43,803</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">15,758</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(64,195)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Others</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(3,922)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(3,042)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,959</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total other comprehensive income</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">33,283</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">14,957</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(53,554)</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 590000000 460000000 13994000000 <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The table below sets forth the exchange rate used by the Bank and its subsidiaries to convert statement of financial position accounts and transactions in U.S. dollar into Colombian pesos:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 95%;;margin-left :auto;margin-right :auto;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 40.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2016</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 1.0pt;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Closing exchange rate </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 1.0pt;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,249.75</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 1.0pt;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,984.00</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 1.0pt;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,000.71</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 1.0pt;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Average rate for the period ended at</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 1.0pt;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,956.55</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 1.0pt;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,951.21</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 1.0pt;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,053.20</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="color:#000000; font:10pt 'times new roman', times, serif; letter-spacing:normal; orphans:2; text-indent:0px; text-transform:none; white-space:normal; widows:2; word-spacing:0px; -webkit-text-stroke-width:0px; text-decoration-style:initial; text-decoration-color:initial; margin:0pt 0px; text-align:justify"><div style="letter-spacing: 0px; top: 0px;;display:inline;">The following table show the participation for each of the stages and the distribution of stage 2 is detailed for the reasons that represent the significant increase credit risk.</div></div><div style="color: rgb(0, 0, 0); font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; text-align: justify; background: none;"><div style="text-decoration: none; background: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><table style="font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; width: 100%; border-collapse: collapse; border-spacing: 0px;"><tr><td rowspan="2" style="border-bottom: 1pt solid black; border-top: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: center; font-size: 10pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Portfolio</div></div></td><td rowspan="2" style="border: 1pt solid black; padding: 0px 3.5pt; text-align: center; font-size: 10pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Stage 1</div></div></td><td colspan="5" style="border-bottom: 1pt solid black; border-top: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; font-size: 10pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;Stage 2</div></div></td><td rowspan="2" style="border-bottom: 1pt solid black; border-top: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; font-size: 10pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Stage<br/>3</div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; font-size: 10pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Threshold</div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; font-size: 10pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Watch List</div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; font-size: 10pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Restructured</div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; font-size: 10pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">More Than<br/>30 Days</div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; font-size: 10pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></td></tr><tr><td style="width: 555.688px; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Commercial</div></td><td style="width: 178.688px; border-left: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">89.2%</div></td><td style="width: 178.688px; padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">29.5%</div></td><td style="width: 179.688px; padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">61.4%</div></td><td style="width: 179.688px; padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.6%</div></td><td style="width: 178.688px; padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.5%</div></td><td style="width: 178.688px; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.1%</div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; width: 177.688px; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.7%</div></td></tr><tr><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Consumer</div></td><td style="border-right: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">88.9%</div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">67.4%</div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.8%</div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9.7%</div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">22.1%</div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.9%</div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.3%</div></td></tr><tr><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Mortgage</div></td><td style="border-right: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">88.2%</div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">65.5%</div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.0%</div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">11.3%</div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">23.1%*</div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.2%</div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.7%</div></td></tr><tr><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total Portfolio</div></div></td><td style="border: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">89.0%</div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">48.1%</div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">30.7%</div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">7.1%</div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">14.1%</div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">4.2%</div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">6.8%</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 15186102000000 295852000000 1097058000000 8944845000000 2387940000000 3117115000000 <div style="border-bottom: solid #ffffff 1.0pt;border-left: none;border-right: none;border-top: none;"><div style="font-family: 'times new roman', 'serif';font-size: 16pt;margin-bottom: 0;margin-top: 0;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 16pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">NOTE 26. EARNING PER SHARE (&#8216;EPS&#8217;)</div></div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Basic EPS is calculated by reducing the income from continuing operations by the amount of dividends declared in the current period for each class of stock and by the contractual amount of dividends that must be paid for the current period, considering the allocation of remaining earnings to common stock and participating securities to the extent that each security may share in earnings as if all of the earnings for the period had been distributed. EPS is determined by dividing the total earnings allocated to each security by the weighted average number of common shares outstanding.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Diluted EPS assumes the issuance of common shares for all dilutive potential common shares outstanding during the reporting period. The Bank has no dilutive potential common shares as of December 31, 2018, 2017 and 2016.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table summarizes information related to the computation of basic EPS for the years ended December 31, 2018, 2017 and 2016 (in millions of pesos, except per share data):</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 55.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2016</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Income from continuing operations before attribution of non-controlling interests</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,786,435</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,754,173</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,791,450</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Less: Non-controlling interests from continuing operations</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">127,571</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">139,173</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">89,619</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net income from continuing operations</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,658,864</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,615,000</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,701,831</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Income from operations and disposals of discontinued operations, net of taxes</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">163,497</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Less: Non-controlling interests from discontinuing operations</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net income attributable to the controlling interest</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,658,864</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,615,000</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,865,328</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Less: Preferred dividends declared</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">402,451</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">370,983</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">342,825</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Less: Allocation of undistributed earnings to preferred stockholders</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">816,277</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">827,126</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">972,955</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 35.4pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Continuing operations</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">816,277</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">827,126</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">896,100</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 35.4pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Discontinued operations</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">76,855</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net income allocated to common shareholders for basic and diluted EPS</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,440,136</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,416,891</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,549,548</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Weighted average number of common shares outstanding used in basic EPS calculation (In millions) </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">510</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">510</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">510</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Basic and Diluted earnings per share to common shareholders</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,825</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,780</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,040</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">From continuing operations</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,825</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,780</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,870</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">From discontinuing operations</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">170</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table summarizes information related to the computation of basic EPS for the years ended December 31, 2018, 2017 and 2016 (in millions of pesos, except per share data):</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 55.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2016</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Income from continuing operations before attribution of non-controlling interests</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,786,435</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,754,173</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,791,450</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Less: Non-controlling interests from continuing operations</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">127,571</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">139,173</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">89,619</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net income from continuing operations</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,658,864</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,615,000</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,701,831</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Income from operations and disposals of discontinued operations, net of taxes</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">163,497</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Less: Non-controlling interests from discontinuing operations</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net income attributable to the controlling interest</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,658,864</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,615,000</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,865,328</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Less: Preferred dividends declared</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">402,451</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">370,983</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">342,825</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Less: Allocation of undistributed earnings to preferred stockholders</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">816,277</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">827,126</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">972,955</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 35.4pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Continuing operations</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">816,277</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">827,126</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">896,100</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 35.4pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Discontinued operations</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">76,855</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net income allocated to common shareholders for basic and diluted EPS</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,440,136</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,416,891</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,549,548</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Weighted average number of common shares outstanding used in basic EPS calculation (In millions) </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">510</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">510</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">510</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Basic and Diluted earnings per share to common shareholders</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,825</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,780</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,040</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">From continuing operations</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,825</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,780</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,870</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">From discontinuing operations</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">170</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">For purposes of the consolidated statement of cash flow and the consolidated statement of financial position, the following assets are considered as cash and cash equivalents:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 63.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 18.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 19.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Cash and balances at central bank</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Cash </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,192,182</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,099,252</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Due from central banks </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,603,500</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,567,030</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Due from other private financial entities </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,713,481</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,541,644</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Checks on hold</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">216,323</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">141,370</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Remittances of domestic negotiated checks in transit</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">107,531</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">173,827</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total cash and due from banks</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">15,833,017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">15,523,123</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Money market transactions</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Interbank borrowings</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,965,973</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,761,460</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Reverse repurchase agreements and other similar secured loans</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">931,820</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">881,061</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total money market transactions</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,897,793</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,642,521</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total cash and cash equivalents</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">18,730,810</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">18,165,644</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.06in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1) </div></div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">According to External Resolution Number 005 of 2008 issued by the Colombian Central Bank, the Parent Company must maintain the equivalent of 4.50% of its customer&#8217;s deposits with a maturity term less than 18 months as a legal banking reserve, represented in deposits at the Central Bank or as cash in hand. In addition, according to Resolusion Number 177 of 2002 issued by the Guatemalian Monetary Board, Grupo Agromercantil Holding through its subsidiaria Banco Agromercantil de Guatemala must maintain the equivalent of 14.60% of its customer&#8217;s deposits daily balances as a legal banking reserve, represented in unrestricted deposits at the Bank of Guatemala. For its part, according to the norm of the banks Number 3-06 of 2000 issued by the Financial System Superintendency of El Salvador, Banco Agr&#237;cola must mantain an equivalent amount between 1.00% and 25.00% of its deposits and debt securities in issue average daily balances as a liquidity reserve, represented in unrestricted deposits or debt securities issued by El Salvador Central Bank. Finally, in accordance with the Agreement 004 of 2008 issued by the Superintendency of Banks of Panama, all Panamanian banks must maintain a minimum legal liquidity rate established at 30.00%.</div></div></div> <table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="border-bottom: solid #ffffff 1.0pt;border-left: none;border-right: none;border-top: none;"><div style="font-family: 'times new roman', 'serif';font-size: 16pt;margin-bottom: 0;margin-top: 0;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 16pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">NOTE 25. OPERATING EXPENSES</div></div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0%;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 36pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">25.1.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Other administrative and general expenses</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The detail for administrative and general expenses for the years ended December 31, 2018, 2017 and 2016 is as follows:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: middle;width: 55.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Other administrative and&#160;&#160;general expenses</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2016</div></div></div></td></tr><tr><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Maintenance and repairs </div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">585,377</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">530,284</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">448,017</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Others Fees </div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">429,121</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">427,517</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">411,521</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Insurance </div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">331,430</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">303,501</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">286,384</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Leasing </div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">256,872</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">244,956</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">246,445</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Transport </div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">183,857</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">158,561</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">154,220</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Data processing </div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">147,294</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">130,125</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">101,347</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Advertising </div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">144,900</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">127,142</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">120,046</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Frauds and claims <div style="vertical-align: super;font-size: smaller;display:inline;">(1)</div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">117,032</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">134,087</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">72,860</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Public services </div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">108,420</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">107,727</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">114,840</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Cleaning and security services </div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">97,848</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">92,359</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">93,336</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Communications </div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">73,072</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">67,201</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">61,943</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Contributions and affiliations </div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">66,636</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60,320</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">59,406</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Disputes, fines and sanctions <div style="vertical-align: super;font-size: smaller;display:inline;">(2)</div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">63,685</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">139,146</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">52,441</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Useful and stationery </div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">63,321</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">58,145</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">61,699</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Properties improvements and installation </div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">52,937</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">59,121</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">55,307</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Travel expenses </div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">37,006</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">38,037</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">37,112</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Trust </div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">31,100</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">25,901</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">13,176</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Legal and financial consultant </div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">31,072</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">25,855</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">29,435</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Production and supply cards </div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">26,575</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">32,975</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">29,532</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Real estate management</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">23,694</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">21,817</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">19,262</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Board of directors and audit fee </div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">21,733</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">20,450</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">20,926</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Donations </div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">17,402</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">17,048</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">18,338</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Storage services </div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">15,664</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">16,162</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">14,157</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Activities Joint Operations </div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,719</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9,650</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,805</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Temporary services </div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,724</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,907</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,232</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Legal expenses&#160;&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,570</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,112</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,897</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Public relations </div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,899</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,912</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,101</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Others </div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">79,809</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">115,866</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">102,549</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total other administrative and general expenses</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,024,769</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,977,884</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,651,334</div></div></div></td></tr><tr><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Wealth tax, contributions and other tax burden </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(2)</div></div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">692,666</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">727,661</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">741,184</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 0.3pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">The increases in frauds and claims during the year 2018 and 2017 compared with the level of expense recognized as of December 31, 2016, are mainly explained by higher operational risk in virtual transactions and transactions with credit and debit cards.</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 0.3pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">The increase in disputes, fines and sanctions during the year 2017 is caused by the recognition of an income tax provision related with a potential exposure for the fiscal year 2014, consisting in an unrecognized tax benefits amounting to COP 201,554 in income tax liabilities related to tax positions. The 2014 income tax return has been subject to review from the tax authority since April 23, 2015.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0%;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 36pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">25.2.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Impairment, depreciation and amortization</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The detail for Impairment, depreciation and amortization for the years ended December 31, 2018, 2017 and 2016 is as follows:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 70%;;margin-left :auto;margin-right :auto;"><tr><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 64.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Impairment, depreciation and amortization</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2016</div></div></div></td></tr><tr><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td colspan="3" style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;Depreciation of premises and equipment </div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; 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font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">329,258</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;Amortization of intangible assets </div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">123,551</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">116,752</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">149,776</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;Impairment of other assets </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">27,746</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; 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font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;Total impairment, depreciation and amortization </div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">493,902</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">479,111</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">517,809</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; 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line-height: normal; background: none;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">The detail of the impairment of other assets net by operating segments for the years ended December 31, 2018, 2017 and 2016 is presented in the table below:</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.63in; margin-top: 0px; text-align: justify; text-indent: -0.13in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 70%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 64.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: bottom;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: bottom;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2016</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; 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line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">33,889</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">15,078</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;Banking Panam&#225; </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,523</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,495</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,934</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;Banking Guatemala </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,672</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,939</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,118</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;All other segments </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">812</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,418</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 0;padding-right: 7.0pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;Brokerage </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">13 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 7.0pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 0;padding-right: 7.0pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;Off Shore </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(173)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(26)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(60)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;Banking El Salvador </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,137)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,363</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">19,705</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">27,746</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">46,078</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">38,775</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">During 2018 and 2017 there were no significant cybersecurity breaches according to the data security policies established by the management.</div></div> <table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 6646000000 6092000000 29000000 5830000000 12951000000 1965973000000 <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The detail for administrative and general expenses for the years ended December 31, 2018, 2017 and 2016 is as follows:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: middle;width: 55.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Other administrative and&#160;&#160;general expenses</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2016</div></div></div></td></tr><tr><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Maintenance and repairs </div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">585,377</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">530,284</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">448,017</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Others Fees </div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">429,121</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">427,517</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">411,521</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Insurance </div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">331,430</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">303,501</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">286,384</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Leasing </div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">256,872</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">244,956</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">246,445</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Transport </div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">183,857</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">158,561</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">154,220</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Data processing </div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">147,294</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">130,125</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">101,347</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Advertising </div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">144,900</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">127,142</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">120,046</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Frauds and claims <div style="vertical-align: super;font-size: smaller;display:inline;">(1)</div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">117,032</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">134,087</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">72,860</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Public services </div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">108,420</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">107,727</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">114,840</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Cleaning and security services </div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">97,848</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">92,359</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">93,336</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Communications </div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">73,072</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">67,201</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">61,943</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Contributions and affiliations </div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">66,636</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60,320</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">59,406</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Disputes, fines and sanctions <div style="vertical-align: super;font-size: smaller;display:inline;">(2)</div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">63,685</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">139,146</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">52,441</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Useful and stationery </div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">63,321</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">58,145</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">61,699</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Properties improvements and installation </div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">52,937</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">59,121</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">55,307</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Travel expenses </div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">37,006</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">38,037</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">37,112</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Trust </div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">31,100</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">25,901</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">13,176</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Legal and financial consultant </div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">31,072</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">25,855</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">29,435</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Production and supply cards </div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">26,575</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">32,975</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">29,532</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Real estate management</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">23,694</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">21,817</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">19,262</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Board of directors and audit fee </div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">21,733</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">20,450</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">20,926</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Donations </div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">17,402</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">17,048</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">18,338</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Storage services </div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">15,664</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">16,162</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">14,157</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Activities Joint Operations </div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,719</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9,650</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,805</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Temporary services </div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,724</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,907</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,232</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Legal expenses&#160;&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,570</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,112</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,897</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Public relations </div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,899</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,912</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,101</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Others </div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">79,809</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">115,866</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">102,549</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total other administrative and general expenses</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,024,769</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,977,884</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,651,334</div></div></div></td></tr><tr><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Wealth tax, contributions and other tax burden </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(2)</div></div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">692,666</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">727,661</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 3.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">741,184</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 0.3pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">The increases in frauds and claims during the year 2018 and 2017 compared with the level of expense recognized as of December 31, 2016, are mainly explained by higher operational risk in virtual transactions and transactions with credit and debit cards.</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 0.3pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">The increase in disputes, fines and sanctions during the year 2017 is caused by the recognition of an income tax provision related with a potential exposure for the fiscal year 2014, consisting in an unrecognized tax benefits amounting to COP 201,554 in income tax liabilities related to tax positions. The 2014 income tax return has been subject to review from the tax authority since April 23, 2015.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0%;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 36pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">25.2.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Impairment, depreciation and amortization</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The detail for Impairment, depreciation and amortization for the years ended December 31, 2018, 2017 and 2016 is as follows:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 70%;;margin-left :auto;margin-right :auto;"><tr><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 64.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Impairment, depreciation and amortization</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2016</div></div></div></td></tr><tr><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td colspan="3" style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;Depreciation of premises and equipment </div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">342,605</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">316,281</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">329,258</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;Amortization of intangible assets </div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">123,551</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">116,752</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">149,776</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;Impairment of other assets </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">27,746</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">46,078</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">38,775</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;Total impairment, depreciation and amortization </div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">493,902</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">479,111</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">517,809</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 1.5in; margin-top: 0px; text-indent: -0.13in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 72pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">The detail of the impairment of other assets net by operating segments for the years ended December 31, 2018, 2017 and 2016 is presented in the table below:</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 1.5in; margin-top: 0px; text-indent: -0.13in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 72pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">The detail of the impairment of other assets net by operating segments for the years ended December 31, 2018, 2017 and 2016 is presented in the table below:</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 70%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 64.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: bottom;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: bottom;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2016</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Banking Colombia </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">20,036</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">33,889</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">15,078</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;Banking Panam&#225; </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,523</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,495</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,934</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;Banking Guatemala </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,672</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,939</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,118</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;All other segments </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">812</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,418</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 0;padding-right: 7.0pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;Brokerage </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">13 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 7.0pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 0;padding-right: 7.0pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;Off Shore </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(173)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(26)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(60)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;Banking El Salvador </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,137)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,363</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">19,705</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">27,746</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">46,078</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">38,775</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">As of December 31, 2018 and 2017, the composition of the borrowings from other financial institutions measured at amortized cost is the following:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td rowspan="2" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 64.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Borrowings from other financial institutions</div></div></div></td><td rowspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 18.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td rowspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 18.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;width: 0.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Obligations granted by foreign banks </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">11,217,308</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,958,450</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Obligations granted by domestic banks</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,120,656</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,863,702</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">16,337,964</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">13,822,152</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-align: justify; text-indent: -0.13in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">The Bank has recognized a financial liability with BAM Financial Corporation (BFC) amounting to USD 259.4 million as of December 31, 2018 and USD 243.2 million as of December 31, 2017, due to its obligation to pay cash in future to purchase the non-controlling shares of Grupo Agromercantil Holding pursuant to an outstanding put option expiring in 2024. The Bank will reclassify the liability to equity if the put expires unexercised.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The maturities of financial obligations with domestic banks as of December 31, 2018 and 2017, are the following:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 64.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Domestic</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 18.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 18.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Amount expected to be settled:</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">More than twelve months after the reporting period</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,894,259</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,288,364</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">No more than twelve months after the reporting period</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">226,397</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">575,338</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5,120,656</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5,863,702</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Obligations granted by foreign banks</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2018</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 50.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Financial entity</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Rate Maximum</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Rate Minimum</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td></tr><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Financing with correspondent banks </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.66%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.81%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,140,356</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Corporaci&#243;n Andina de Fomento (CAF)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.01%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.93%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">529,464</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Banco Latinoamericano de Comercio Exterior (Bladex)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.89%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.15%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">473,549</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Banco Interamericano de Desarrollo (BID)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.64%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.32%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">73,939</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">11,217,308</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2017</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 50.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Financial entity</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Rate Maximum</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Rate Minimum</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Financing with correspondent banks </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.66%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.48%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,341,713</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Corporaci&#243;n Andina de Fomento (CAF)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.84%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.85%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">311,730</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Banco Latinoamericano de Comercio Exterior (Bladex)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.10%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.90%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">269,946</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Banco Interamericano de Desarrollo (BID)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.96%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.96%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">35,061</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">7,958,450</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The maturities of the financial obligations with foreign entities as of December 31, 2018 and 2017 are the following:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 60.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Foreign</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Amount expected to be settled:</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">No more than twelve months after the reporting period</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9,743,905</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,037,043</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">More than twelve months after the reporting period</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,473,403</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">921,407</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">11,217,308</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">7,958,450</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 16pt;margin-bottom: 0;margin-top: 0;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 16pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">NOTE 16. BORROWINGS FROM OTHER FINANCIAL INSTITUTIONS&#160;</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">As of December 31, 2018 and 2017, the composition of the borrowings from other financial institutions measured at amortized cost is the following:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td rowspan="2" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 64.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Borrowings from other financial institutions</div></div></div></td><td rowspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 18.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td rowspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 18.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;width: 0.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Obligations granted by foreign banks </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">11,217,308</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,958,450</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Obligations granted by domestic banks</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,120,656</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,863,702</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; 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letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Obligations granted by domestic banks</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2018</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td rowspan="2" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 57.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Financial entity</div></div></div></td><td rowspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 10.0%;"><div style="font-family: &quot;times new roman&quot;, serif; 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font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;width: 0.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr style="font-size: 10pt;"><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Financiera de desarrollo territorial (Findeter)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; 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font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr style="font-size: 10pt;"><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Banco de comercio exterior de Colombia (Bancoldex)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; 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font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr style="font-size: 10pt;"><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Other private financial entities</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.92%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.82%</div></div></td><td style="border-bottom: none; border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 3.5pt; vertical-align: bottom; font-size: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; text-align: right; font-size: 10pt;"><div style="font-size:10pt;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">689,227</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5,120,656</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2017</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td rowspan="2" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 57.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Financial entity</div></div></div></td><td rowspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 10.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Rate</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Maximum</div></div></div></td><td rowspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Rate Minimum</div></div></div></td><td rowspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 21.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;width: 0.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Financiera de desarrollo territorial (Findeter)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">11.30%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.05%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,587,598</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Banco de comercio exterior de Colombia (Bancoldex)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10.86%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.76%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,528,435</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Fondo para el financiamiento del sector agropecuario (Finagro)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">14.90%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.05%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">728,558</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Other private financial entities</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.89%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.07%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,019,111</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5,863,702</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The maturities of financial obligations with domestic banks as of December 31, 2018 and 2017, are the following:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 64.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Domestic</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 18.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 18.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Amount expected to be settled:</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">More than twelve months after the reporting period</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,894,259</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,288,364</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">No more than twelve months after the reporting period</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">226,397</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">575,338</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5,120,656</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5,863,702</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Obligations granted by foreign banks</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2018</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 50.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Financial entity</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Rate Maximum</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Rate Minimum</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td></tr><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Financing with correspondent banks </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.66%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.81%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,140,356</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Corporaci&#243;n Andina de Fomento (CAF)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.01%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.93%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">529,464</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Banco Latinoamericano de Comercio Exterior (Bladex)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.89%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.15%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">473,549</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Banco Interamericano de Desarrollo (BID)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.64%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.32%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">73,939</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">11,217,308</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2017</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 50.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Financial entity</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Rate Maximum</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Rate Minimum</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Financing with correspondent banks </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.66%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.48%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,341,713</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Corporaci&#243;n Andina de Fomento (CAF)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.84%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.85%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">311,730</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Banco Latinoamericano de Comercio Exterior (Bladex)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.10%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.90%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">269,946</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Banco Interamericano de Desarrollo (BID)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.96%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.96%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">35,061</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">7,958,450</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The maturities of the financial obligations with foreign entities as of December 31, 2018 and 2017 are the following:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 60.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Foreign</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Amount expected to be settled:</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">No more than twelve months after the reporting period</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9,743,905</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,037,043</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">More than twelve months after the reporting period</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,473,403</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">921,407</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">11,217,308</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">7,958,450</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div> <table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 201554000000 <div style="border-bottom: solid #ffffff 1.0pt;border-left: none;border-right: none;border-top: none;"><div style="font-family: 'times new roman', 'serif';font-size: 16pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 16pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">NOTE 23. UNCONSOLIDATED STRUCTURED ENTITIES</div></div></div></div><div style="background: none; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="background: #ffffff;font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Nature and risks associated with the Bank&#8217;s interests in unconsolidated structured entities</div></div></div><div style="background: none; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="background: #ffffff;font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The term "unconsolidated structured entities" refers to all structured entities that are not controlled by the Bank. The Bank manages transactions with unconsolidated structured entities in the normal course of business to facilitate customer transactions and for specific investment opportunities.</div></div><div style="background: none; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="background: #ffffff;font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The table below shows the total assets of unconsolidated structured entities in which the Bank had an interest at the reporting date and its maximum exposure to loss in relation to those interests.</div></div><div style="background: none; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="background: #ffffff;font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2018</div></div></div><div style="background: none; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;width: 51.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Securitisations</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">The Bank&#8217;s managed funds</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total </div></div></div></td></tr><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total assets of the entities</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,969,887</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">128,257,719</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">130,227,606</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">The Bank&#8217;s interest-assets</div></div></div></td><td colspan="3" style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Investments at fair value through profit or loss</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">196,927</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">196,927</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Investments at fair value through other comprehensive income</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">209,164</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">209,164</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Loans and advances to customers</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,417,235</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,417,235</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Total assets in relation to The Bank&#8217;s interests in the unconsolidated structured entities</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">406,091</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5,417,235</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5,823,326</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">The Bank&#8217;s maximum exposure</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">406,091</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5,417,235</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5,823,326</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="background: #ffffff;font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2017</div></div></div><div style="background: none; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;width: 51.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Securitisations</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">The Bank&#8217;s managed funds</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total </div></div></div></td></tr><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total assets of the entities</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,110,967</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">120,320,401</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">122,431,368</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">The Bank&#8217;s interest-assets</div></div></div></td><td colspan="3" style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Investments at fair value through profit or loss</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">252,881</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">252,881</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Investments at fair value through other comprehensive income</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">187,471</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">187,471</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Loans and advances to customers</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,626,152</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,626,152</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Total assets in relation to The Bank&#8217;s interests in the unconsolidated structured entities</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">440,352</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,626,152</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">4,066,504</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">The Bank&#8217;s maximum exposure</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">440,352</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,626,152</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">4,066,504</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="background: none; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="background: #ffffff;font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank invests in asset-backed securities issued by securitization entities for which underlying assets are mortgages originated by financial institutions. The Bank does not have a significant exposure to sub-prime securities. The asset-backed securities are denominated in local market TIPS and accounted for as investment at fair value through profit or loss. These asset-backed securities have different maturities and are generally classified by credit ratings. The Bank does not expect significant changes in those ratings. Also, the Bank retain beneficial interests in the form of servicing fees on the securitized mortgages.</div></div><div style="background: none; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Revenues generated by the Bank&#180;s asset management business, are derived from the following type of business lines: related trusts, mutual funds sold to individuals, corporate trusts, escrow accounts, private equity funds, and delegated tailor-made mandates from third parties. Generally, the revenues correspond to the fees received from the management of resources that are invested in several instruments, management of properties and premises related to real estate projects in progress.</div></div><div style="background: none; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="background: #ffffff;font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Likewise, fees from management of resources pledged by clients in order to guarantee commitments and obligations with third parties. Finally, fees from management of resources of government agencies and entities.</div></div><div style="background: none; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">On the other hand, there is no an additional exposure to loss, such as funding commitments with regards to the Bank&#8217;s involvement with those entities.</div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="background: #ffffff;font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The table below shows the total assets of unconsolidated structured entities in which the Bank had an interest at the reporting date and its maximum exposure to loss in relation to those interests.</div></div><div style="background: none; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="background: #ffffff;font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2018</div></div></div><div style="background: none; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;width: 51.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Securitisations</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">The Bank&#8217;s managed funds</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total </div></div></div></td></tr><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total assets of the entities</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,969,887</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">128,257,719</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">130,227,606</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">The Bank&#8217;s interest-assets</div></div></div></td><td colspan="3" style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Investments at fair value through profit or loss</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">196,927</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">196,927</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Investments at fair value through other comprehensive income</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">209,164</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">209,164</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Loans and advances to customers</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,417,235</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,417,235</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Total assets in relation to The Bank&#8217;s interests in the unconsolidated structured entities</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">406,091</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5,417,235</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5,823,326</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">The Bank&#8217;s maximum exposure</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">406,091</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5,417,235</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5,823,326</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="background: #ffffff;font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2017</div></div></div><div style="background: none; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;width: 51.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Securitisations</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">The Bank&#8217;s managed funds</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total </div></div></div></td></tr><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total assets of the entities</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,110,967</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">120,320,401</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">122,431,368</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">The Bank&#8217;s interest-assets</div></div></div></td><td colspan="3" style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Investments at fair value through profit or loss</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">252,881</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">252,881</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Investments at fair value through other comprehensive income</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">187,471</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">187,471</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Loans and advances to customers</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,626,152</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,626,152</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Total assets in relation to The Bank&#8217;s interests in the unconsolidated structured entities</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">440,352</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,626,152</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">4,066,504</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">The Bank&#8217;s maximum exposure</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">440,352</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,626,152</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">4,066,504</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">As of December 31, 2018 and December 31, 2017 the appropriated retained earnings consist of the following</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(51, 51, 51); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 79%;;margin-left :auto;margin-right :auto;"><tr><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 42.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Concept</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 34.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 24.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td colspan="3" style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Appropriation of net income </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9,312,009</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,709,922</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">For Fiscal provisions </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2)</div></div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">276,640</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">196,318</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Others</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">153,125</div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">138,915</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total Appropiated reserves</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">9,741,774</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">9,045,155</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.94in; margin-top: 0px; text-align: justify; text-indent: -0.13in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 54pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">The legal reserve fulfills two objetives: to increase and maintain the company's capital and to absorb economic losses. Based on the aforementioned, this amount shall not be distributed in dividends to the stockholders.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 54pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Pursuant to Article 130 of Tax Statute, a non-distributable reserve to the shareholders must be established for the 70% of the diference between the accounting and the tax depreciation, when the tax depreciation is greater than the accounting depreciation.</div></div></div></td></tr></table><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="border-bottom: solid #ffffff 1.0pt;border-left: none;border-right: none;border-top: none;"><div style="font-family: 'times new roman', 'serif';font-size: 16pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 16pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">NOTE 22. APPROPRIATED RESERVES</div></div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">As of December 31, 2018 and December 31, 2017 the appropriated retained earnings consist of the following</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(51, 51, 51); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 79%;;margin-left :auto;margin-right :auto;"><tr><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 42.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Concept</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 34.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 24.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td colspan="3" style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Appropriation of net income </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9,312,009</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,709,922</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">For Fiscal provisions </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2)</div></div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">276,640</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">196,318</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Others</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">153,125</div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">138,915</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total Appropiated reserves</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">9,741,774</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">9,045,155</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.94in; margin-top: 0px; text-align: justify; text-indent: -0.13in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 54pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">The legal reserve fulfills two objetives: to increase and maintain the company's capital and to absorb economic losses. Based on the aforementioned, this amount shall not be distributed in dividends to the stockholders.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 54pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Pursuant to Article 130 of Tax Statute, a non-distributable reserve to the shareholders must be established for the 70% of the diference between the accounting and the tax depreciation, when the tax depreciation is greater than the accounting depreciation.</div></div></div></td></tr></table><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="border-bottom: solid #ffffff 1.0pt;border-left: none;border-right: none;border-top: none;margin-left: 0;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 16pt; margin-left: 0.49in; text-align: justify; text-indent: -0.49in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 16pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">NOTE 3. OPERATING SEGMENTS</div></div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Operating segments are defined as components of an entity about which separate financial information is available and that is evaluated regularly by the chief operating decision maker (CODM) in deciding how to allocate resources and assessing performance; the CODM is constituted by the Bank&#8217;s President (CEO) and Financial Vicepresident (CFO). The segment information has been prepared following the Bank&#8217;s accounting policies as described in the summary of significant accounting policies in Note 2 Significant accounting policies and has been presented consistently with the internal reports provided to the CODM.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The CODM uses a variety of information and key financial data on a segment basis to assess the performance and make decision regarding the investment and allocation of resources, such as:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: symbol; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#61623;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net interest margin (Net margin on financial instruments divided by average interest-earning assets).</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: symbol; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#61623;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Return on average total assets (Net income divided by average total assets).</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: symbol; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#61623;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Return on average stockholders&#8217; equity.</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: symbol; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#61623;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Efficiency ratio (Operating expenses as a percentage of interest, fees, services and other operating income).</div></div></td></tr></table><div style="clear: both; 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Sociedad Fiduciaria and FiduPer&#250; S.A. Sociedad Fiduciaria (in winding up process). 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font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Brokerage</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;width: 6.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Off shore</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-align: center; text-indent: -0.13in; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">All other</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-align: center; text-indent: -0.13in; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">segments</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-align: center; text-indent: -0.13in; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total before</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-align: center; text-indent: -0.13in; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">eliminations</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-align: center; text-indent: -0.13in; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Adjustments for</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-align: center; text-indent: -0.13in; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">consolidation</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(2)</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-align: center; text-indent: -0.13in; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total after</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-align: center; text-indent: -0.13in; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">eliminations</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: center; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td colspan="12" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total interest and valuation</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">12,215,644</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,573,928</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">931,405</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">894,934</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">404</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">22</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">24,273</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">547,878</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">14,737</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">16,203,225</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(86,725)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">16,116,500</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Interest income on loans and financial leases</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">11,990,678</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,449,441</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">861,174</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">821,276</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">434,754</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">9,049</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">15,566,372</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">52</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">15,566,424</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Total Debt investments</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">366,354</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">101,599</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">25,081</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">72,896</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">105</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">22</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">14,728</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">20,559</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">32</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">601,376</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(2)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">601,374</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Derivatives</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(17,023)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(13,250)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">7,694</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">86,779</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">64,200</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(86,775)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(22,575)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Total liquidity operations</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(124,365)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">36,138</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">45,150</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">762</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">299</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,851</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">5,786</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">5,656</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(28,723)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(28,723)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Interest expenses</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(4,194,772)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(558,126)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(252,351)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(360,988)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(39)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(15)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(247,666)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(56,259)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(5,670,216)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(5,670,216)</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.4pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net interest margin and valuation income on financial instruments before impairment on loans and financial leases and off balance sheet credit instruments</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">8,020,872</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,015,802</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">679,054</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">533,946</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">365</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">22</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">24,258</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">300,212</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(41,522)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">10,533,009</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(86,725)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">10,446,284</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Total credit impairment charges, net</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(3,354,330)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(269,164)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(94,301)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(136,289)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(826)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(135)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">155</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">19,039</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(7,221)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(3,843,072)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(3,843,072)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.4pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net interest margin and valuation income on financial instruments after impairment on loans and financial leases and off balance sheet credit instruments</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">4,666,542</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">746,638</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">584,753</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">397,657</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(461)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(113)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">24,413</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">319,251</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(48,743)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">6,689,937</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(86,725)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">6,603,212</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Revenues (Expenses) from transactions with other operating segments of the Bank</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(6,986)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(30,634)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,029)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(7,574)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(32,509)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">20,187</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">55,843</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">98,987</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(95,285)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 7.2pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Fees and commission income</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(3)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2,841,302</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">312,762</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">227,114</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">141,253</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">313,908</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">20,271</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">113,970</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">20,840</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2,988</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">3,994,408</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(149)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">3,994,259</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 7.2pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Fees and commission expenses</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,009,573)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(120,520)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(43,216)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(29,320)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,380)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(46)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,734)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(3,408)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,859)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,213,056)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,213,056)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total fees and commission income, net</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,831,729</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">192,242</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">183,898</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">111,933</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">311,528</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">20,225</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">111,236</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">17,432</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,129</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,781,352</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(149)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,781,203</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Other operating income</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">250,598</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">39,781</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">4,842</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">52,287</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">19,826</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">965</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(10,468)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">15,668</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">912,738</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,286,237</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(82,435)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,203,802</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Dividends received, and share of profits of equity method investees</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(49,316)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">4,240</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,894</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">580</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">18,572</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(67,990)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(12,416)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(270,523)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(34,485)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(409,444)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">751,239</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">341,795</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Recovery (Impairment) charges on cash-generating unit</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">173,339<div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(4,583)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">168,756</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">168,756</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total operating income, net</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">6,692,567</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">952,267</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">773,358</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">554,883</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">316,956</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">146,613</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">168,608</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">180,815</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">730,771</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">10,516,838</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">581,930</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">11,098,768</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Operating expenses </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(4)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(4,902,500)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(554,890)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(402,831)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(373,279)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(111,614)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(24,110)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(98,687)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(53,313)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(467,770)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(6,988,994)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(2)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(6,988,996)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Impairment, depreciation and amortization</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(177,779)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(55,127)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(26,122)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(84,996)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(588)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(131)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,402)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,072)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(144,722)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(492,939)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(963)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(493,902)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.4pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total operating expenses</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(5,080,279)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(610,017)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(428,953)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(458,275)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(112,202)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(24,241)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(100,089)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(55,385)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(612,492)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(7,481,933)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(965)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(7,482,898)</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Profit before tax</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,612,288</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">342,250</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">344,405</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">96,608</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">204,754</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">122,372</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">68,519</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">125,430</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">118,279</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,034,905</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">580,965</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,615,870</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Includes imparment recovery in joint venture Compa&#241;&#237;a de Financiamiento Tuya S.A. For more information see Note 7 Investments in associates and joint ventures</div></div></div></td></tr><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Includes provisions, dividends, gains on sales and non-controlling interest and reclassification according to the analysis process used by the CODM.</div></div></div></td></tr><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(3)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">For further information about income from contracts with customers, see note 24.3. Fees and commissions.</div></div></div></td></tr><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(4)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Includes staff costs, other administration and general expenses, contributions and other tax burdens and others.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none;">&#160;</div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td colspan="12" style="border-bottom: 1pt solid rgb(0, 0, 0); border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: 1pt solid rgb(0, 0, 0); padding-bottom: 0px; padding-right: 3.5pt; padding-top: 0px; vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: center; margin-left: 0in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">For the year ended December 31, 2017</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(5)</div></div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 28.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Colombia</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Panama</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking El</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Salvador</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Guatemala</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Trust</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Investment</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Brokerage</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Off shore</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">All other</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">segments</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total before</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">eliminations</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Adjustments for</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">consolidation</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(2)</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total after</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">eliminations</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: center; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td colspan="12" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total interest and valuation</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">12,995,017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,495,446</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">882,806</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">865,038</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">794</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">94</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">8,916</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">444,649</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">10,201</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">16,702,961</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(6,568)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">16,696,393</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Interest income on loans and financial leases</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">12,586,875</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,374,398</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">830,050</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">767,986</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">412,418</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">13,000</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">15,984,727</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(426)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">15,984,301</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Total Debt investments</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">602,304</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">93,154</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">31,582</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">100,193</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">193</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">94</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">15,147</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">16,329</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">735</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">859,731</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">859,731</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Derivatives</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(54,156)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">438</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(7,661)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">6,085</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(289)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(55,583)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(6,084)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(61,667)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Total liquidity operations</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(140,006)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">27,456</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">21,174</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(3,141)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">601</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,430</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">9,817</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(3,245)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(85,914)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(58)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(85,972)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Interest expenses</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(4,791,976)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(523,312)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(256,994)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(348,726)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(102)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(72)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(226,304)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(85,928)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(6,233,414)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">428</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(6,232,986)</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net interest margin and valuation income on financial instruments before impairment on loans and financial leases and off balance sheet credit instruments</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">8,203,041</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">972,134</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">625,812</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">516,312</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">692</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">94</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">8,844</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">218,345</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(75,727)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">10,469,547</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(6,140)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">10,463,407</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Total credit impairment charges, net</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(3,195,837)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(46,468)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(110,018)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(125,877)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(549)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">466</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(147)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">6,541</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,696</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(3,470,193)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">8,576</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(3,461,617)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net interest margin and valuation income on financial instruments after impairment on loans and financial leases and off balance sheet credit instruments</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5,007,204</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">925,666</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">515,794</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">390,435</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">143</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">560</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">8,697</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">224,886</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(74,031)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">6,999,354</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,436</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">7,001,790</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Revenues (Expenses) from transactions with other operating segments of the Bank</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(59,884)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(26,837)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(963)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(972)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(33,024)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">16,209</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">53,075</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">101,327</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(48,931)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 7.2pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Fees and commission income</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(3)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2,531,221</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">317,753</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">211,159</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">126,022</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">285,648</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">28,747</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">97,185</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">19,390</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">3,989</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">3,621,114</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">3,621,114</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 7.2pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Fees and commission expenses</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(889,481)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(112,986)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(40,325)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(24,457)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,982)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(52)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(482)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,874)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,476)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,075,115)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,075,115)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total fees and commission income, net</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,641,740</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">204,767</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">170,834</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">101,565</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">283,666</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">28,695</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">96,703</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">16,516</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,513</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,545,999</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,545,999</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Other operating income</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">608,025</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">8,662</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(7,799)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">54,246</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">13,560</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,886</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(11,647)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">6,428</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">885,182</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,558,543</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">19,666</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,578,209</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Dividends received, and share of profits of equity method investees</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(53,141)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">7,038</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">324</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">608</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">18,249</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(70,114)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">12,278</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(239,328)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(61,156)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(385,242)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">651,412</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">266,170</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Recovery (Impairment) charges on cash-generating unit</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(173,339)<div style="vertical-align: super;font-size: smaller;display:inline;">(1)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(173,339)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(173,339)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total operating income, net</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">7,143,944</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,119,296</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">678,190</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">545,882</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">282,594</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(196,103)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">159,106</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">109,829</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">702,577</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">10,545,315</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">673,514</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">11,218,829</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Operating expenses </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(4)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(4,715,976)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(569,219)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(383,002)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(343,646)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(113,482)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(34,100)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(101,255)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(56,593)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(430,212)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(6,747,485)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">538</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(6,746,947)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Impairment, depreciation and amortization</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(147,262)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(55,197)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(34,671)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(101,392)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(540)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(133)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,398)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(967)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(137,377)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(478,937)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(174)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(479,111)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total operating expenses</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(4,863,238)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(624,416)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(417,673)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(445,038)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(114,022)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(34,233)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(102,653)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(57,560)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(567,589)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(7,226,422)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">364</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(7,226,058)</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Profit before tax</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,280,706</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">494,880</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">260,517</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">100,844</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">168,572</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(230,336)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">56,453</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">52,269</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">134,988</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,318,893</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">673,878</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,992,771</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Includes imparment recognition in joint venture Compa&#241;&#237;a de Financiamiento Tuya S.A. For more information see Note 7 Investments in associates and joint ventures</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Includes provisions, dividends, gains on sales and non-controlling interest and reclassification according to the analysis process used by the CODM.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(3)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">For further information about income from contracts with customers, see Note 24.3. Fees and commissions.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(4)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Includes staff costs, other administration and general expenses, contributions and other tax burdens and others.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(5)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, times, serif; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;;font-style:italic;display:inline;;font-style:italic;display:inline;">Some figures in the performance by operating segment disclosure for the year ended as of December 31, 2017 disclosed in the Bank&#8217;s annual report in 2017 have been changed due to an impact at the disaggregation level in the process of adopting IFRS 15. See adoption of new accounting standards in Note 32 Impacts on application of new standards.</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td colspan="12" style="border-bottom: 1pt solid rgb(0, 0, 0); border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: 1pt solid rgb(0, 0, 0); padding-bottom: 0px; padding-right: 3.5pt; padding-top: 0px; vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: center; margin-left: 0in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">For the year ended December 31, 2016</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(4)</div></div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 28.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Colombia</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Panama</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking El</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Salvador</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Guatemala</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Trust</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Investment</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">banking</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Brokerage</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Off shore</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">All other</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">segments</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total before</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">eliminations</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Adjustments for</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">consolidation</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total after</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">eliminations</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: center; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td colspan="12" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total interest and valuation</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">11,586,785</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,399,852</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">901,757</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">869,329</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">827</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">136</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">17,160</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">442,107</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">30,299</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">15,248,252</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">500,553</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">15,748,805</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Interest income on loans and financial leases</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">11,196,951</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,284,986</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">844,687</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">763,031</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">431,381</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">25,819</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">14,546,855</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">473,487</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">15,020,342</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Total Debt investments</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">464,504</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">94,284</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">48,264</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">96,081</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">283</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">136</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">18,094</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">16,205</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">3,145</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">740,996</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,718</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">742,714</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Derivatives</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(10,197)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">3,274</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">5,323</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,113)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(7)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,030)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(4,750)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(4,750)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Total liquidity operations</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(64,473)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">17,308</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">8,806</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">4,894</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">544</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,179</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(5,472)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2,365</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(34,849)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">25,348</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(9,501)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Interest expenses</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(4,542,701)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(457,611)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(252,011)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(348,219)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(20)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(33)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(252,030)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(99,991)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(5,952,616)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(100,484)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(6,053,100)</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net interest margin and valuation income on financial instruments before impairment on loans and financial leases and off balance sheet credit instruments</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">7,044,084</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">942,241</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">649,746</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">521,110</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">807</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">136</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">17,127</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">190,077</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(69,692)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">9,295,636</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">400,069</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">9,695,705</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Total credit impairment charges, net</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,797,848)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(367,781)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(55,985)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(127,839)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(164)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(423)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(25)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(52,294)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">871</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,401,488)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(329,664)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,731,152)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net interest margin and valuation income on financial instruments after impairment on loans and financial leases and off balance sheet credit instruments</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5,246,236</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">574,460</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">593,761</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">393,271</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">643</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(287)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">17,102</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">137,783</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(68,821)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">6,894,148</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">70,405</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">6,964,553</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Revenues (Expenses) from transactions with other operating segments of the Bank</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(65,915)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(20,600)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(3,054)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">701</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(22,893)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">12,891</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">38,677</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">99,914</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(39,721)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 7.2pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Fees and commission income</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(3)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2,063,018</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">291,853</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">203,623</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">81,737</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">239,610</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">19,843</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">80,571</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">30,263</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,699</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">3,012,217</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">287,716</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">3,299,933</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 7.2pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Fees and commission expenses</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(767,655)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(111,590)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(45,361)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(22,992)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(865)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(22)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(511)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(3,253)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,526)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(953,775)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(15,195)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(968,970)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total fees and commission income, net</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,295,363</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">180,263</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">158,262</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">58,745</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">238,745</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">19,821</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">80,060</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">27,010</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">173</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,058,442</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">272,521</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,330,963</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Other operating income</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">569,326</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">18,851</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,302</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">55,942</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">13,500</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2,285</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(9,923)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">16,453</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">888,529</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,556,265</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(89,610)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,466,655</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Dividends received, and share of profits of equity method investees</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(264,715)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">4,692</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">711</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">779</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">16,873</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">202,062</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">32,567</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(269,096)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(175,595)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(451,722)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">628,414</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">176,692</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total operating income, net</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">6,780,295</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">757,666</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">750,982</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">509,438</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">246,868</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">236,772</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">158,483</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">12,064</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">604,565</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">10,057,133</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">881,730</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">10,938,863</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Operating expenses </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(3)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(4,142,515)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(589,535)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(390,309)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(323,001)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(87,951)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(26,662)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(110,317)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(60,688)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(400,243)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(6,131,221)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(321,551)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(6,452,772)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Impairment, depreciation and amortization</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(147,261)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(62,459)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(50,323)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(112,429)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(612)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(93)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,980)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(972)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(137,672)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(513,801)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(4,008)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(517,809)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total operating expenses</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(4,289,776)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(651,994)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(440,632)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(435,430)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(88,563)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(26,755)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(112,297)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(61,660)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(537,915)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(6,645,022)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(325,559)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(6,970,581)</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Profit before tax</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,490,519</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">105,672</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">310,350</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">74,008</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">158,305</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">210,017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">46,186</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(49,596)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">66,650</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,412,111</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">556,171</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,968,282</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Includes provisions, dividends, gains on sales and non-controlling interest and reclassification according to the analysis process used by the CODM.</div></div></div></td></tr><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">For further information about income from contracts with customers, see note 24.3. Fees and commissions.</div></div></div></td></tr><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">(3)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Includes staff costs, other administration and general expenses, contributions and other tax burdens and others.</div></div></div></td></tr><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(4)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, times, serif; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;;font-style:italic;display:inline;;font-style:italic;display:inline;">Some figures in the performance by operating segment disclosure for the year ended as of December 31, 2016 disclosed in the Bank&#8217;s annual report in 2016 have been changed due to an impact at the disaggregation level in the process of adopting IFRS 15. See adoption of new accounting standards in Note 32 Impacts on application of new standards.</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none;">&#160;</div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table presents financial information of the total assets and liabilities by operating segment:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="13" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">For the year ended December 31, 2018</div></div></div></td></tr><tr><td colspan="13" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Colombia</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Panama</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 7.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking El</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Salvador</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 7.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Guatemala</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 5.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Trust</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 7.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Investment</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">banking</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 7.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Brokerage</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 7.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Off shore</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 7.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">All other</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">segments</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total before</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">eliminations</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Adjustments</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">for</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">consolidation</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total after</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">eliminations</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;Total assets </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">149,185,338</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">31,116,800</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">14,704,427</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">13,556,250</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">580,205</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,779,618</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">301,851</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">17,963,675</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">9,638,514</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">238,826,678</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(18,713,060)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">220,113,618</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;Total liabilities</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(132,722,635)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(27,761,479)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(12,963,237)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(12,209,984)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(86,524)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(40,741)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(57,765)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(12,640,349)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,336,273)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(200,818,987)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">7,360,594</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(193,458,393)</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="13" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">For the year ended December 31, 2017</div></div></div></td></tr><tr><td colspan="13" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Colombia</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Panama</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 7.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking El</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Salvador</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Guatemala</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 5.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Trust</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 7.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Investment</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">banking</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 7.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Brokerage</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Off shore</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 7.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">All other</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">segments</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total before</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">eliminations</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Adjustments</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">for</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">consolidation</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total after</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">eliminations</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;Total assets </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">142,207,844</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">28,119,504</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">12,978,363</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">12,191,869</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">493,078</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,423,883</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">283,171</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">16,503,973</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">8,767,762</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">222,969,447</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(19,061,236)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">203,908,211</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;Total liabilities</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(125,534,492)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(25,040,470)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(11,318,266)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(10,847,895)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(80,904)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(48,192)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(56,789)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(12,284,687)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,300,511)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(187,512,206)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">8,033,545</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(179,478,661)</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table presents financial information of the investments in associates and joint ventures by operating segment:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="7" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;For the year ended December 31, 2018</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(1)</div></div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 43.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 9.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Colombia</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 10.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking El</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Salvador</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 9.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Trust</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 10.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Investment</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">banking</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 9.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">All other</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">segments</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 10.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td></tr><tr><td colspan="7" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Investments in associates and joint ventures </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">313,081</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">13,544</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">230,211</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">451,113</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,141,630</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,149,579</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Equity method </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">32,859</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,887</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">20,235</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">27,909</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">104,924</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">187,814</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">As of December 31, 2018, Banking Panama, Banking Guatemala, Brokerage and off shore did not have investments in associates and joint ventures.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="7" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;For the year ended December 31, 2017</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(1)</div></div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 43.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 9.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Colombia</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 10.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking El </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Salvador</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Trust</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 10.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Investment </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">banking</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 9.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">All other </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">segments</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 11.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td></tr><tr><td colspan="7" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Investments in associates and joint ventures </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">305,187</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,532</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">226,761</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">248,156</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">774,423</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,565,059</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Equity method</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">45,976</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">316</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">34,921</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">21,724</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">150,665</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">253,602</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">As of December 31, 2017, Banking Panama, Banking Guatemala, Brokerage and off shore did not have investments in associates and joint ventures.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="7" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">For the year ended December 31, 2016</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(1)</div></div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 43.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 9.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Colombia</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 10.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking El </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Salvador</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Trust</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 10.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Investment </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">banking</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 9.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">All other </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">segments</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 11.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td></tr><tr><td colspan="7" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Equity method</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">34,425</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">702</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">26,128</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(3,923)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,922</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60,254</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">As of December 31, 2016, Banking Panama, Banking Guatemala, Brokerage and off shore did not have investments in associates and joint ventures.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-align: justify; text-indent: -0.13in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">For additional information related to investment in associates and joint ventures, see Note 7 Investments in associates and joint ventures.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table presents material non-cash items other than depreciation and amortization by segment:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="11" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;For the year ended December 31, 2018</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 27.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Colombia</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Panama</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 7.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking El </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Salvador</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Guatemala</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Trust</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Investment </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Brokerage</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Off </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">shore</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">All other </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">segments</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td></tr><tr><td colspan="11" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Restructured loans that were transferred to foreclosed assets</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">271,695</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">84,390</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">15,782</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9,377</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,376</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,373</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">399,993</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Provisions</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,679,839</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">342,528</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">145,661</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">153,484</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">826</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">135</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(155)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(17,973)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,140</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,311,485</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="11" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">For the year ended December 31, 2017</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 27.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: center; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 7.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Colombia</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Panama</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking El </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Salvador</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Guatemala</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Trust</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Investment </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Brokerage</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Off </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">shore</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">All other </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">segments</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td></tr><tr><td colspan="11" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Restructured loans that were transferred to foreclosed assets</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">163,274</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">39,486</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">16,191</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,157</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">24,030</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">250,138</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Provisions </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,422,531</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">165,651</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">162,877</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">138,297</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">548</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(467)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">147</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(4,449)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(5,576)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,879,559</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="11" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">For the year ended December 31, 2016</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 27.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: center; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 7.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Colombia</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Panama</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking El </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Salvador</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Guatemala</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Trust</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Investment </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Brokerage</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 6.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Off shore</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 8.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">All other </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">segments</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td></tr><tr><td colspan="11" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Restructured loans that were transferred to foreclosed assets</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">130,892</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">44,484</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">35,466</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">95,891</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">97,452</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">404,185</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Provisions </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,130,261</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">381,531</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">104,864</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">127,370</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">164</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">423</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(34)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">48,977</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,565</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,799,121</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Information about products and services</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank does not report revenues from external customers for each product and service or each group of similar products and services, because the information is not available and the cost to develop it is excessive.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Geographic information</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following summarizes the Bank&#8217;s total interest and valuation and long-lived assets attributable to Colombia and other foreign countries based on the country where the interest and valuation was originated:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2016</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 24.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Geographic information</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Interest and</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">valuation</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Long-lived</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">assets</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Interest and</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">valuation</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 16.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Long-lived</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">assets </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 18.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Interest and</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">valuation</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Colombia</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,379,140</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,788,744</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">13,108,005</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,353,782</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">11,695,937</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Panama </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,166,482</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">378,021</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,986,741</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">297,832</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,898,058</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Puerto Rico</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">77,917</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">321</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">68,556</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">388</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">56,519</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Peru</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">253</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">165,076</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">658</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">115,840</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">15,753</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">El Salvador</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">932,444</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">296,040</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">883,538</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">280,562</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">902,371</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Costa Rica </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">131</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">80</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Guatemala</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">895,693</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">170,078</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">866,049</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">166,662</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">870,283</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">16,451,929</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5,798,411</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">16,913,547</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5,215,146</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">15,438,921</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Eliminations and translation adjustment</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(335,429)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,533,616</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(220,667)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,999,471</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">309,884</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total, net</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">16,116,500</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">12,332,027</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">16,692,880</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">11,214,617</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">15,748,805</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Included foreclosed assets, premises and equipment, investment property and goodwill presented within Other assets in the Consolidated Statement of Financial Position.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Investments in FiduPer&#250; and Arrendamiento Operativo CIB S.A.C. are classified as Asset held for sale in the Consolidated Statement of Financial Position. For further information, see Note 12 Assets held for sale and inventories.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 9312009000000 8709922000000 276640000000 196318000000 <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following summarizes the Bank&#8217;s total interest and valuation and long-lived assets attributable to Colombia and other foreign countries based on the country where the interest and valuation was originated:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2016</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 24.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Geographic information</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Interest and</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">valuation</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Long-lived</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">assets</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Interest and</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">valuation</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 16.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Long-lived</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">assets </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 18.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Interest and</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">valuation</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Colombia</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,379,140</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,788,744</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">13,108,005</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,353,782</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">11,695,937</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Panama </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,166,482</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">378,021</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,986,741</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">297,832</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,898,058</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Puerto Rico</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">77,917</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">321</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">68,556</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">388</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">56,519</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Peru</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">253</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">165,076</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">658</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">115,840</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">15,753</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">El Salvador</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">932,444</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">296,040</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">883,538</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">280,562</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">902,371</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Costa Rica </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">131</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">80</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Guatemala</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">895,693</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">170,078</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">866,049</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">166,662</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">870,283</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">16,451,929</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5,798,411</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">16,913,547</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5,215,146</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">15,438,921</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Eliminations and translation adjustment</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(335,429)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,533,616</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(220,667)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,999,471</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">309,884</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total, net</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">16,116,500</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">12,332,027</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">16,692,880</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">11,214,617</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">15,748,805</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Included foreclosed assets, premises and equipment, investment property and goodwill presented within Other assets in the Consolidated Statement of Financial Position.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Investments in FiduPer&#250; and Arrendamiento Operativo CIB S.A.C. are classified as Asset held for sale in the Consolidated Statement of Financial Position. For further information, see Note 12 Assets held for sale and inventories.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table presents material non-cash items other than depreciation and amortization by segment:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="11" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;For the year ended December 31, 2018</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 27.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Colombia</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Panama</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 7.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking El </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Salvador</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Guatemala</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Trust</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Investment </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Brokerage</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Off </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">shore</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">All other </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">segments</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td></tr><tr><td colspan="11" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Restructured loans that were transferred to foreclosed assets</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">271,695</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">84,390</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">15,782</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9,377</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,376</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,373</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">399,993</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Provisions</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,679,839</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">342,528</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">145,661</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">153,484</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">826</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">135</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(155)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(17,973)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,140</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,311,485</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="11" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">For the year ended December 31, 2017</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 27.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: center; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 7.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Colombia</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Panama</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking El </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Salvador</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Guatemala</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Trust</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Investment </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Brokerage</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Off </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">shore</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">All other </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">segments</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td></tr><tr><td colspan="11" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Restructured loans that were transferred to foreclosed assets</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">163,274</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">39,486</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">16,191</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,157</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">24,030</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">250,138</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Provisions </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,422,531</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">165,651</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">162,877</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">138,297</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">548</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(467)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">147</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(4,449)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(5,576)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,879,559</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="11" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">For the year ended December 31, 2016</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 27.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: center; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 7.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Colombia</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Panama</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking El </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Salvador</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Guatemala</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Trust</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Investment </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Brokerage</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 6.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Off shore</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 8.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">All other </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">segments</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td></tr><tr><td colspan="11" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Restructured loans that were transferred to foreclosed assets</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">130,892</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">44,484</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">35,466</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">95,891</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">97,452</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">404,185</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Provisions </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,130,261</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">381,531</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">104,864</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">127,370</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">164</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">423</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(34)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">48,977</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,565</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,799,121</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The CODM reviews the performance of the Bank using the following financial information by operating segment:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td colspan="12" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: center; margin-left: 0in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">For the year ended December 31, 2018</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;width: 28.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-align: center; text-indent: -0.13in; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-align: center; text-indent: -0.13in; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Colombia</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-align: center; text-indent: -0.13in; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-align: center; text-indent: -0.13in; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Panama</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-align: center; text-indent: -0.13in; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking El</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-align: center; text-indent: -0.13in; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Salvador</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-align: center; text-indent: -0.13in; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-align: center; text-indent: -0.13in; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Guatemala</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;width: 6.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Trust</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-align: center; text-indent: -0.13in; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Investment</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-align: center; text-indent: -0.13in; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">banking</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;width: 6.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Brokerage</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;width: 6.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Off shore</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-align: center; text-indent: -0.13in; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">All other</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-align: center; text-indent: -0.13in; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">segments</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-align: center; text-indent: -0.13in; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total before</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-align: center; text-indent: -0.13in; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">eliminations</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-align: center; text-indent: -0.13in; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Adjustments for</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-align: center; text-indent: -0.13in; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">consolidation</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(2)</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-align: center; text-indent: -0.13in; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total after</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-align: center; text-indent: -0.13in; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">eliminations</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: center; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td colspan="12" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total interest and valuation</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">12,215,644</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,573,928</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">931,405</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">894,934</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">404</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">22</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">24,273</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">547,878</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">14,737</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">16,203,225</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(86,725)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">16,116,500</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Interest income on loans and financial leases</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">11,990,678</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,449,441</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">861,174</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">821,276</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">434,754</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">9,049</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">15,566,372</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">52</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">15,566,424</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Total Debt investments</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">366,354</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">101,599</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">25,081</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">72,896</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">105</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">22</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">14,728</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">20,559</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">32</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">601,376</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(2)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">601,374</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Derivatives</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(17,023)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(13,250)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">7,694</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">86,779</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">64,200</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(86,775)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(22,575)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Total liquidity operations</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(124,365)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">36,138</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">45,150</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">762</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">299</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,851</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">5,786</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">5,656</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(28,723)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(28,723)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Interest expenses</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(4,194,772)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(558,126)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(252,351)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(360,988)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(39)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(15)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(247,666)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(56,259)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(5,670,216)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(5,670,216)</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.4pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net interest margin and valuation income on financial instruments before impairment on loans and financial leases and off balance sheet credit instruments</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">8,020,872</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,015,802</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">679,054</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">533,946</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">365</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">22</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">24,258</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">300,212</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(41,522)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">10,533,009</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(86,725)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">10,446,284</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Total credit impairment charges, net</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(3,354,330)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(269,164)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(94,301)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(136,289)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(826)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(135)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">155</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">19,039</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(7,221)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(3,843,072)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(3,843,072)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.4pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net interest margin and valuation income on financial instruments after impairment on loans and financial leases and off balance sheet credit instruments</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">4,666,542</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">746,638</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">584,753</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">397,657</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(461)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(113)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">24,413</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">319,251</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(48,743)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">6,689,937</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(86,725)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">6,603,212</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Revenues (Expenses) from transactions with other operating segments of the Bank</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(6,986)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(30,634)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,029)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(7,574)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(32,509)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">20,187</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">55,843</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">98,987</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(95,285)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 7.2pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Fees and commission income</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(3)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2,841,302</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">312,762</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">227,114</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">141,253</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">313,908</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">20,271</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">113,970</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">20,840</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2,988</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">3,994,408</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(149)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">3,994,259</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 7.2pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Fees and commission expenses</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,009,573)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(120,520)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(43,216)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(29,320)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,380)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(46)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,734)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(3,408)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,859)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,213,056)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,213,056)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total fees and commission income, net</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,831,729</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">192,242</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">183,898</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">111,933</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">311,528</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">20,225</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">111,236</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">17,432</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,129</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,781,352</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(149)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,781,203</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Other operating income</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">250,598</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">39,781</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">4,842</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">52,287</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">19,826</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">965</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(10,468)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">15,668</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">912,738</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,286,237</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(82,435)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,203,802</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Dividends received, and share of profits of equity method investees</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(49,316)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">4,240</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,894</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">580</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">18,572</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(67,990)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(12,416)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(270,523)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(34,485)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(409,444)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">751,239</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">341,795</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Recovery (Impairment) charges on cash-generating unit</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">173,339<div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(4,583)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">168,756</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">168,756</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total operating income, net</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">6,692,567</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">952,267</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">773,358</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">554,883</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">316,956</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">146,613</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">168,608</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">180,815</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">730,771</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">10,516,838</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">581,930</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">11,098,768</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Operating expenses </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(4)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(4,902,500)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(554,890)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(402,831)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(373,279)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(111,614)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(24,110)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(98,687)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(53,313)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(467,770)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(6,988,994)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(2)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(6,988,996)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Impairment, depreciation and amortization</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(177,779)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(55,127)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(26,122)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(84,996)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(588)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(131)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,402)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,072)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(144,722)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(492,939)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(963)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(493,902)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.4pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total operating expenses</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(5,080,279)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(610,017)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(428,953)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(458,275)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(112,202)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(24,241)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(100,089)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(55,385)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(612,492)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(7,481,933)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(965)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(7,482,898)</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.4pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Profit before tax</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,612,288</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">342,250</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">344,405</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">96,608</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">204,754</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">122,372</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">68,519</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">125,430</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">118,279</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,034,905</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">580,965</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,615,870</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Includes imparment recovery in joint venture Compa&#241;&#237;a de Financiamiento Tuya S.A. For more information see Note 7 Investments in associates and joint ventures</div></div></div></td></tr><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Includes provisions, dividends, gains on sales and non-controlling interest and reclassification according to the analysis process used by the CODM.</div></div></div></td></tr><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(3)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">For further information about income from contracts with customers, see note 24.3. Fees and commissions.</div></div></div></td></tr><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(4)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Includes staff costs, other administration and general expenses, contributions and other tax burdens and others.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none;">&#160;</div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td colspan="12" style="border-bottom: 1pt solid rgb(0, 0, 0); border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: 1pt solid rgb(0, 0, 0); padding-bottom: 0px; padding-right: 3.5pt; padding-top: 0px; vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: center; margin-left: 0in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">For the year ended December 31, 2017</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(5)</div></div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 28.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Colombia</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Panama</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking El</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Salvador</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Guatemala</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Trust</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Investment</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Brokerage</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Off shore</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">All other</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">segments</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total before</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">eliminations</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Adjustments for</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">consolidation</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(2)</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total after</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">eliminations</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: center; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td colspan="12" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total interest and valuation</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">12,995,017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,495,446</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">882,806</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">865,038</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">794</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">94</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">8,916</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">444,649</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">10,201</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">16,702,961</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(6,568)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">16,696,393</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Interest income on loans and financial leases</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">12,586,875</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,374,398</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">830,050</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">767,986</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">412,418</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">13,000</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">15,984,727</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(426)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">15,984,301</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Total Debt investments</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">602,304</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">93,154</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">31,582</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">100,193</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">193</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">94</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">15,147</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">16,329</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">735</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">859,731</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">859,731</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Derivatives</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(54,156)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">438</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(7,661)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">6,085</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(289)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(55,583)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(6,084)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(61,667)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Total liquidity operations</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(140,006)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">27,456</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">21,174</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(3,141)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">601</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,430</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">9,817</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(3,245)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(85,914)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(58)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(85,972)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Interest expenses</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(4,791,976)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(523,312)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(256,994)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(348,726)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(102)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(72)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(226,304)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(85,928)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(6,233,414)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">428</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(6,232,986)</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net interest margin and valuation income on financial instruments before impairment on loans and financial leases and off balance sheet credit instruments</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">8,203,041</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">972,134</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">625,812</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">516,312</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">692</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">94</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">8,844</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">218,345</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(75,727)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">10,469,547</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(6,140)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">10,463,407</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Total credit impairment charges, net</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(3,195,837)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(46,468)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(110,018)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(125,877)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(549)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">466</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(147)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">6,541</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,696</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(3,470,193)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">8,576</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(3,461,617)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net interest margin and valuation income on financial instruments after impairment on loans and financial leases and off balance sheet credit instruments</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5,007,204</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">925,666</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">515,794</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">390,435</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">143</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">560</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">8,697</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">224,886</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(74,031)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">6,999,354</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,436</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">7,001,790</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Revenues (Expenses) from transactions with other operating segments of the Bank</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(59,884)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(26,837)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(963)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(972)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(33,024)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">16,209</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">53,075</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">101,327</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(48,931)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 7.2pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Fees and commission income</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(3)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2,531,221</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">317,753</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">211,159</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">126,022</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">285,648</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">28,747</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">97,185</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">19,390</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">3,989</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">3,621,114</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">3,621,114</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 7.2pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Fees and commission expenses</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(889,481)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(112,986)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(40,325)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(24,457)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,982)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(52)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(482)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,874)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,476)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,075,115)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,075,115)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total fees and commission income, net</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,641,740</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">204,767</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">170,834</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">101,565</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">283,666</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">28,695</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">96,703</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">16,516</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,513</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,545,999</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,545,999</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Other operating income</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">608,025</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">8,662</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(7,799)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">54,246</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">13,560</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,886</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(11,647)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">6,428</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">885,182</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,558,543</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">19,666</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,578,209</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Dividends received, and share of profits of equity method investees</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(53,141)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">7,038</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">324</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">608</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">18,249</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(70,114)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">12,278</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(239,328)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(61,156)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(385,242)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">651,412</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">266,170</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Recovery (Impairment) charges on cash-generating unit</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(173,339)<div style="vertical-align: super;font-size: smaller;display:inline;">(1)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(173,339)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(173,339)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total operating income, net</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">7,143,944</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,119,296</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">678,190</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">545,882</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">282,594</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(196,103)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">159,106</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">109,829</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">702,577</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">10,545,315</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">673,514</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">11,218,829</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Operating expenses </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(4)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(4,715,976)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(569,219)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(383,002)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(343,646)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(113,482)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(34,100)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(101,255)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(56,593)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(430,212)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(6,747,485)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">538</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(6,746,947)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Impairment, depreciation and amortization</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(147,262)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(55,197)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(34,671)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(101,392)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(540)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(133)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,398)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(967)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(137,377)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(478,937)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(174)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(479,111)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total operating expenses</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(4,863,238)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(624,416)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(417,673)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(445,038)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(114,022)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(34,233)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(102,653)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(57,560)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(567,589)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(7,226,422)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">364</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(7,226,058)</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Profit before tax</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,280,706</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">494,880</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">260,517</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">100,844</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">168,572</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(230,336)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">56,453</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">52,269</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">134,988</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,318,893</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">673,878</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,992,771</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Includes imparment recognition in joint venture Compa&#241;&#237;a de Financiamiento Tuya S.A. For more information see Note 7 Investments in associates and joint ventures</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Includes provisions, dividends, gains on sales and non-controlling interest and reclassification according to the analysis process used by the CODM.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(3)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">For further information about income from contracts with customers, see Note 24.3. Fees and commissions.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(4)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Includes staff costs, other administration and general expenses, contributions and other tax burdens and others.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(5)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, times, serif; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;;font-style:italic;display:inline;;font-style:italic;display:inline;">Some figures in the performance by operating segment disclosure for the year ended as of December 31, 2017 disclosed in the Bank&#8217;s annual report in 2017 have been changed due to an impact at the disaggregation level in the process of adopting IFRS 15. See adoption of new accounting standards in Note 32 Impacts on application of new standards.</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td colspan="12" style="border-bottom: 1pt solid rgb(0, 0, 0); border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: 1pt solid rgb(0, 0, 0); padding-bottom: 0px; padding-right: 3.5pt; padding-top: 0px; vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: center; margin-left: 0in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">For the year ended December 31, 2016</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(4)</div></div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 28.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Colombia</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Panama</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking El</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Salvador</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Guatemala</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Trust</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Investment</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">banking</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Brokerage</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Off shore</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">All other</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">segments</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total before</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">eliminations</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Adjustments for</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">consolidation</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total after</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">eliminations</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: center; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td colspan="12" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total interest and valuation</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">11,586,785</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,399,852</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">901,757</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">869,329</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">827</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">136</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">17,160</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">442,107</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">30,299</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">15,248,252</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">500,553</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">15,748,805</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Interest income on loans and financial leases</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">11,196,951</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,284,986</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">844,687</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">763,031</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">431,381</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">25,819</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">14,546,855</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">473,487</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">15,020,342</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Total Debt investments</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">464,504</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">94,284</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">48,264</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">96,081</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">283</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">136</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">18,094</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">16,205</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">3,145</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">740,996</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,718</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">742,714</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Derivatives</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(10,197)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">3,274</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">5,323</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,113)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(7)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,030)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(4,750)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(4,750)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Total liquidity operations</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(64,473)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">17,308</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">8,806</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">4,894</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">544</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,179</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(5,472)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2,365</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(34,849)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">25,348</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(9,501)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Interest expenses</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(4,542,701)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(457,611)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(252,011)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(348,219)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(20)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(33)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(252,030)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(99,991)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(5,952,616)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(100,484)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(6,053,100)</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net interest margin and valuation income on financial instruments before impairment on loans and financial leases and off balance sheet credit instruments</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">7,044,084</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">942,241</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">649,746</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">521,110</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">807</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">136</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">17,127</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">190,077</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(69,692)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">9,295,636</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">400,069</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">9,695,705</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Total credit impairment charges, net</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,797,848)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(367,781)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(55,985)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(127,839)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(164)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(423)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(25)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(52,294)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">871</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,401,488)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(329,664)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,731,152)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net interest margin and valuation income on financial instruments after impairment on loans and financial leases and off balance sheet credit instruments</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5,246,236</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">574,460</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">593,761</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">393,271</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">643</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(287)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">17,102</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">137,783</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(68,821)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">6,894,148</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">70,405</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">6,964,553</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Revenues (Expenses) from transactions with other operating segments of the Bank</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(65,915)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(20,600)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(3,054)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">701</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(22,893)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">12,891</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">38,677</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">99,914</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(39,721)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 7.2pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Fees and commission income</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(3)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2,063,018</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">291,853</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">203,623</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">81,737</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">239,610</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">19,843</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">80,571</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">30,263</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,699</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">3,012,217</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">287,716</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">3,299,933</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 7.2pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Fees and commission expenses</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(767,655)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(111,590)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(45,361)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(22,992)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(865)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(22)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(511)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(3,253)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,526)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(953,775)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(15,195)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(968,970)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total fees and commission income, net</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,295,363</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">180,263</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">158,262</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">58,745</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">238,745</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">19,821</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">80,060</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">27,010</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">173</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,058,442</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">272,521</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,330,963</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Other operating income</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">569,326</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">18,851</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,302</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">55,942</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">13,500</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2,285</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(9,923)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">16,453</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">888,529</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,556,265</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(89,610)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,466,655</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Dividends received, and share of profits of equity method investees</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(264,715)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">4,692</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">711</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">779</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">16,873</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">202,062</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">32,567</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(269,096)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(175,595)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(451,722)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">628,414</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">176,692</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total operating income, net</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">6,780,295</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">757,666</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">750,982</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">509,438</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">246,868</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">236,772</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">158,483</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">12,064</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">604,565</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">10,057,133</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">881,730</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">10,938,863</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Operating expenses </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(3)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(4,142,515)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(589,535)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(390,309)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(323,001)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(87,951)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(26,662)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(110,317)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(60,688)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(400,243)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(6,131,221)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(321,551)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(6,452,772)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Impairment, depreciation and amortization</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(147,261)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(62,459)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(50,323)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(112,429)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(612)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(93)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,980)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(972)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(137,672)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(513,801)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(4,008)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(517,809)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total operating expenses</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(4,289,776)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(651,994)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(440,632)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(435,430)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(88,563)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(26,755)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(112,297)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(61,660)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(537,915)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(6,645,022)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(325,559)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(6,970,581)</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Profit before tax</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,490,519</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">105,672</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">310,350</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">74,008</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">158,305</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">210,017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">46,186</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(49,596)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">66,650</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,412,111</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">556,171</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,968,282</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Includes provisions, dividends, gains on sales and non-controlling interest and reclassification according to the analysis process used by the CODM.</div></div></div></td></tr><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">For further information about income from contracts with customers, see note 24.3. Fees and commissions.</div></div></div></td></tr><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">(3)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Includes staff costs, other administration and general expenses, contributions and other tax burdens and others.</div></div></div></td></tr><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(4)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, times, serif; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;;font-style:italic;display:inline;;font-style:italic;display:inline;">Some figures in the performance by operating segment disclosure for the year ended as of December 31, 2016 disclosed in the Bank&#8217;s annual report in 2016 have been changed due to an impact at the disaggregation level in the process of adopting IFRS 15. See adoption of new accounting standards in Note 32 Impacts on application of new standards.</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none;">&#160;</div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> &#160;&#160;(1)The legal reserve fulfills two objetives: to increase and maintain the company's capital and to absorb economic losses. Based on the aforementioned, this amount shall not be distributed in dividends to the stockholders.&#160;(2)Pursuant to Article 130 of Tax Statute, a non-distributable reserve to the shareholders must be established for the 70% of the diference between the accounting and the tax depreciation, when the tax depreciation is greater than the accounting depreciation. <div style="border-bottom: solid #ffffff 1.0pt;border-left: none;border-right: none;border-top: none;margin-left: 0;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 16pt; margin-left: 0.3in; text-align: justify; text-indent: -0.3in;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 16pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">NOTE 21. CAPITAL</div></div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The subscribed and paid-in capital is the following:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 60.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Authorized shares</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,400,000,000</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,400,000,000</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Subscribed and paid-in shares:</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Ordinary shares with a nominal value of COP 500 pesos</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">509,704,584</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">509,704,584</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Preferred shares with dividend without voting rights with nominal value of COP 500 pesos</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">452,122,416</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">452,122,416</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total shares</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">961,827,000</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">961,827,000</div></div></div></td></tr><tr><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Subscribed and paid capital (nominal value)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">480,914</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">480,914</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Dividends declared</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The declaration, amount and payment of dividends are based on Bancolombia S.A.&#8217;s unconsolidated net income. Dividends must be approved at the ordinary annual shareholders&#8217; meeting upon the recommendation of the Board of Directors. Under the Colombian Commercial Code, after payment of income taxes and appropriation of legal and other reserves, and after setting off losses from prior fiscal years, Bancolombia must distribute to its stockholders at least 50.00% of its annual net income or 70.00% of its annual net income if the total amount of reserves exceeds its outstanding capital, unless such minimum percentages are waived by an affirmative vote of the holders of 78.00% of the shares present at the stockholders&#8217; meeting. Such dividend distribution must be made to all stockholders, in cash or in issued stock of Bancolombia, as may be determined by the stockholders, and within a year from the date of the ordinary annual stockholders&#8217; meeting in which the dividend was declared.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The payment of dividends must be made in cash during the next year since the date when the Annual Meeting takes place and for all the stockholders. If the payment is made in the Bank's own equity securities instead of cash, that situation has to be approved by the 80.00% of the subscribed common shareholders and the 80.00% of the subscribed preferred shares.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The annual net profits of Bancolombia must be applied as follows: (i) first, an amount equal to 10.00% of Bancolombia&#8217;s net profits to a legal reserve until such reserve is equal to at least 50.00% of the Bank&#8217;s paid-in capital; (ii) second, to the payment of the minimum dividend on the preferred shares; and (iii) third, as may be determined in the ordinary annual stockholders&#8217; meeting by the vote of the holders of a majority of the shares entitled to vote.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 55%;;margin-left :auto;margin-right :auto;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 60.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Dividends declared with respect to</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">net income earned in:</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 40.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Cash dividends per share</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(Stated in COP)</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,092</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,020</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2016</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">950</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2015</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">888</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2014</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">830</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2013</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">776</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Preferred shares</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Holders of preferred shares are entitled to receive dividends based on the profits of the preceding fiscal year, after deducting losses affecting the capital and once the amount that shall be legally set apart for the legal reserve has been deducted, but before creating or accruing for any other reserve, of a minimum preferred dividend equal to one per cent (1.00%) yearly of the subscription price of the preferred share, provided this dividend is higher than the dividend assigned to common shares. If this is not the case, the dividend shall be increased to an amount that is equal to the per share dividend on the common shares. The dividend received by holders of common shares may not be higher than the dividend assigned to preferred shares.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Payment of the preferred dividend shall be made at the time and in the manner established in the general shareholders&#8217; meeting and with the priority indicated by Colombian law.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Any stock dividend payable in common shares requires the approval of 80.00% or more of the shares present at a shareholders&#8217; meeting, which will include 80.00% or more of the outstanding preferred shares. In the event that none of the holders of preferred shares is present at such meeting, a stock dividend may only be paid to the holders of common shares that approve such a payment.</div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The subscribed and paid-in capital is the following:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 60.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Authorized shares</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,400,000,000</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,400,000,000</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Subscribed and paid-in shares:</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Ordinary shares with a nominal value of COP 500 pesos</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">509,704,584</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">509,704,584</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Preferred shares with dividend without voting rights with nominal value of COP 500 pesos</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">452,122,416</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">452,122,416</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total shares</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">961,827,000</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">961,827,000</div></div></div></td></tr><tr><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Subscribed and paid capital (nominal value)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">480,914</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">480,914</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The annual net profits of Bancolombia must be applied as follows: (i) first, an amount equal to 10.00% of Bancolombia&#8217;s net profits to a legal reserve until such reserve is equal to at least 50.00% of the Bank&#8217;s paid-in capital; (ii) second, to the payment of the minimum dividend on the preferred shares; and (iii) third, as may be determined in the ordinary annual stockholders&#8217; meeting by the vote of the holders of a majority of the shares entitled to vote.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 55%;;margin-left :auto;margin-right :auto;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 60.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Dividends declared with respect to</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">net income earned in:</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 40.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Cash dividends per share</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(Stated in COP)</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,092</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,020</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2016</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">950</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2015</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">888</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2014</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">830</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2013</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">776</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> The declaration, amount and payment of dividends are based on Bancolombia S.A.&#8217;s unconsolidated net income. Dividends must be approved at the ordinary annual shareholders&#8217; meeting upon the recommendation of the Board of Directors. Under the Colombian Commercial Code, after payment of income taxes and appropriation of legal and other reserves, and after setting off losses from prior fiscal years, Bancolombia must distribute to its stockholders at least 50.00% of its annual net income or 70.00% of its annual net income if the total amount of reserves exceeds its outstanding capital, unless such minimum percentages are waived by an affirmative vote of the holders of 78.00% of the shares present at the stockholders&#8217; meeting. Such dividend distribution must be made to all stockholders, in cash or in issued stock of Bancolombia, as may be determined by the stockholders, and within a year from the date of the ordinary annual stockholders&#8217; meeting in which the dividend was declared.&#160;The payment of dividends must be made in cash during the next year since the date when the Annual Meeting takes place and for all the stockholders. If the payment is made in the Bank's own equity securities instead of cash, that situation has to be approved by the 80.00% of the subscribed common shareholders and the 80.00% of the subscribed preferred shares.<div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The annual net profits of Bancolombia must be applied as follows: (i) first, an amount equal to 10.00% of Bancolombia&#8217;s net profits to a legal reserve until such reserve is equal to at least 50.00% of the Bank&#8217;s paid-in capital; (ii) second, to the payment of the minimum dividend on the preferred shares; and (iii) third, as may be determined in the ordinary annual stockholders&#8217; meeting by the vote of the holders of a majority of the shares entitled to vote.</div></div><div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Holders of preferred shares are entitled to receive dividends based on the profits of the preceding fiscal year, after deducting losses affecting the capital and once the amount that shall be legally set apart for the legal reserve has been deducted, but before creating or accruing for any other reserve, of a minimum preferred dividend equal to one per cent (1.00%) yearly of the subscription price of the preferred share, provided this dividend is higher than the dividend assigned to common shares. If this is not the case, the dividend shall be increased to an amount that is equal to the per share dividend on the common shares. The dividend received by holders of common shares may not be higher than the dividend assigned to preferred shares.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Payment of the preferred dividend shall be made at the time and in the manner established in the general shareholders&#8217; meeting and with the priority indicated by Colombian law.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Any stock dividend payable in common shares requires the approval of 80.00% or more of the shares present at a shareholders&#8217; meeting, which will include 80.00% or more of the outstanding preferred shares. In the event that none of the holders of preferred shares is present at such meeting, a stock dividend may only be paid to the holders of common shares that approve such a payment.</div></div> 500 500 500 500 <div style="font-family: 'times new roman', 'serif';font-size: 16pt;margin-bottom: 0;margin-top: 0;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 16pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">NOTE 15. INTERBANK DEPOSITS AND REPURCHASE AGREEMENTS AND OTHER SIMILAR SECURED BORROWING</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table sets forth information regarding the money market operations recognized as liabilities in the statement of financial position:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td rowspan="2" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 64.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Interbank and repurchase agreements and other similar secured borrowing</div></div></div></td><td rowspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 18.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td rowspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 18.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;width: 0.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Interbank Deposits</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Interbank liabilities</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,374,222</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,084,591</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total interbank</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,374,222</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,084,591</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Repurchase agreements and other similar secured borrowing</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Short selling operations</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">136,786</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">607,536</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; 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font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,628,592</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total Repurchase agreements and other similar secured borrowing </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,315,555</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,236,128</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total money market transactions </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,689,777</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">4,320,719</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-indent: -0.13in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Total repo liabilities have maturities of less than 30 days.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Offsetting of Repurchase and Resale Agreements</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">For the Bank and its Colombian subsidiaries, substantially all of repurchase and resale activities are transacted under legally enforceable repurchase agreements that give the Bank, in the event of default by the counterparty, the right to liquidate securities held with the same counterparty. However, the local law for certain jurisdictions outside of Colombia is regarding to determine the enforceability of offsetting rights.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; text-indent: 0.79in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank does not offset repurchase and resale transactions with the same counterparty in the consolidated statement of financial position.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; text-indent: 0.79in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The table below presents repurchases and resale transactions included in the consolidated statement of financial position at December 31, 2018 and 2017:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2018</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 40.0%;"><div style="font-family: calibri; font-size: 10pt; text-align: center; line-height: normal; background: none;"><div style="font-family: calibri; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: calibri; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assets /</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">liabilities gross</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: calibri; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Amounts offset in</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">the statement of</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">financial position</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: calibri; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net balance</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">presented in the</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">statement of financial</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">position</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: calibri; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Financial</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">instruments as</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">collaterals</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: calibri; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assets /</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">liabilities</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">net</div></div></div></td></tr><tr><td colspan="6" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities purchased under resale agreements</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">931,820</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">931,820</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(931,820)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities sold under repurchase agreements</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,315,555)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,315,555)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,315,555</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total repurchase and resale agreements </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(1,383,735)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(1,383,735)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,383,735</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-indent: -0.13in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">&#160;</div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">The amount includes those presented as cash and cash equivalents and those presented as other assets.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-indent: -0.13in; background: none;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2017</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 40.0%;"><div style="font-family: calibri; font-size: 10pt; text-align: center; line-height: normal; background: none;"><div style="font-family: calibri; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: calibri; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assets /</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">liabilities gross</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: calibri; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Amounts offset in</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">the statement of</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">financial position</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: calibri; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net balance</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">presented in the</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">statement of financial</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">position</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: calibri; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Financial</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">instruments as</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">collaterals</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: calibri; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assets /</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">liabilities</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">net</div></div></div></td></tr><tr><td colspan="6" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities purchased under resale agreements</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">881,061</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">881,061</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(881,061)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities sold under repurchase agreements</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(3,236,128)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(3,236,128)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,236,128</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total repurchase and resale agreements </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(2,355,067)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(2,355,067)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,355,067</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-indent: -0.13in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">&#160;</div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">The amount includes those presented as cash and cash equivalents and those presented as other assets.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.44in; margin-top: 0px; text-align: justify; text-indent: -0.19in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">For further information about offsetting of other financial assets and liabilities see Note 5 Financial assets investments and derivatives.</div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="border-bottom: solid #ffffff 1.0pt;border-left: none;border-right: none;border-top: none;"><div style="font-family: 'times new roman', 'serif';font-size: 16pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 16pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">NOTE 19. OTHER LIABILITIES</div></div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Other liabilities consist of the following:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 40.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Other liabilities</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 30.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 30.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Payables</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,638,010</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,838,806</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Suppliers</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,386,809</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,254,484</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Advances <div style="vertical-align: super;font-size: smaller;display:inline;">(1)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,043,611</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">393,007</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Collection services</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">884,805</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">377,288</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Employee benefits and bonuses <div style="vertical-align: super;font-size: smaller;display:inline;">(2)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">351,697</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">336,285</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Security contributions</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">341,872</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">356,498</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Dividends <div style="vertical-align: super;font-size: smaller;display:inline;">(3)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">267,468</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">16,182</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Salaries and other labor obligations</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">265,337</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">245,369</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Advances in leasing operations and loans</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">133,377</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">171,421</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Liabilities from contracts with customers <div style="vertical-align: super;font-size: smaller;display:inline;">(4)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">75,845 </div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">118,857 </div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Provisions <div style="vertical-align: super;font-size: smaller;display:inline;">(5)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">63,474</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">84,294</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Deferred interests</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">44,598</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">84,824</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Other <div style="vertical-align: super;font-size: smaller;display:inline;">(6)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">271,350</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">519,167</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">6,768,253</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5,796,482</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-align: justify; text-indent: -0.13in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">For the year 2018 and 2017 advances includes the amount received by the Bank in balances related to insurance operations amounting to COP 67,136 and COP 54,967, respectively, balances held by court order amounting to COP 62,861 and COP 50,152, respectively, gain on derivatives first day valuation amounting to COP 55,573 and COP 39,706, respectively, excess cash amounting to COP 5,161 and COP 9,012, respectively and balances of credit cards charges pending to be applied amounting to COP 7,214 and COP 10,116. Additionally, for the year 2018, the line includes guaranteed deposits for capital market transactions in foreign currency for COP 459,966.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">For further information related to other employee benefit plans, see Note 18 "Employees benefit plans".</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(3)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">The increase is due to the last installement payment effective for the dividends approved by the annual shareholders&#8217; meeting that took place in 2018.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(4)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">See Note. 24.3 " Fees and commissions"</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(5)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">See Note 20 "Provisions and contingent&#8217;s liabilities".</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(6)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">For further information see Note 11 &#8220;Income tax&#8221;</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table sets forth information regarding the money market operations recognized as liabilities in the statement of financial position:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td rowspan="2" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 64.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Interbank and repurchase agreements and other similar secured borrowing</div></div></div></td><td rowspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 18.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td rowspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 18.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;width: 0.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Interbank Deposits</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Interbank liabilities</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,374,222</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,084,591</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total interbank</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,374,222</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,084,591</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Repurchase agreements and other similar secured borrowing</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Short selling operations</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">136,786</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">607,536</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Temporary transfer of securities</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,178,769</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,628,592</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total Repurchase agreements and other similar secured borrowing </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,315,555</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,236,128</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total money market transactions </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,689,777</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">4,320,719</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-indent: -0.13in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Total repo liabilities have maturities of less than 30 days.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Other liabilities consist of the following:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 40.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Other liabilities</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 30.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 30.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Payables</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,638,010</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,838,806</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Suppliers</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,386,809</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,254,484</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Advances <div style="vertical-align: super;font-size: smaller;display:inline;">(1)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,043,611</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">393,007</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Collection services</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">884,805</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">377,288</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Employee benefits and bonuses <div style="vertical-align: super;font-size: smaller;display:inline;">(2)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">351,697</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">336,285</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Security contributions</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">341,872</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">356,498</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Dividends <div style="vertical-align: super;font-size: smaller;display:inline;">(3)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">267,468</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">16,182</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Salaries and other labor obligations</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">265,337</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">245,369</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Advances in leasing operations and loans</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">133,377</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">171,421</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Liabilities from contracts with customers <div style="vertical-align: super;font-size: smaller;display:inline;">(4)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">75,845 </div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">118,857 </div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Provisions <div style="vertical-align: super;font-size: smaller;display:inline;">(5)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">63,474</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">84,294</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Deferred interests</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">44,598</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">84,824</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Other <div style="vertical-align: super;font-size: smaller;display:inline;">(6)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">271,350</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">519,167</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">6,768,253</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5,796,482</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-align: justify; text-indent: -0.13in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">For the year 2018 and 2017 advances includes the amount received by the Bank in balances related to insurance operations amounting to COP 67,136 and COP 54,967, respectively, balances held by court order amounting to COP 62,861 and COP 50,152, respectively, gain on derivatives first day valuation amounting to COP 55,573 and COP 39,706, respectively, excess cash amounting to COP 5,161 and COP 9,012, respectively and balances of credit cards charges pending to be applied amounting to COP 7,214 and COP 10,116. Additionally, for the year 2018, the line includes guaranteed deposits for capital market transactions in foreign currency for COP 459,966.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">For further information related to other employee benefit plans, see Note 18 "Employees benefit plans".</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(3)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">The increase is due to the last installement payment effective for the dividends approved by the annual shareholders&#8217; meeting that took place in 2018.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(4)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">See Note. 24.3 " Fees and commissions"</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(5)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">See Note 20 "Provisions and contingent&#8217;s liabilities".</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(6)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">For further information see Note 11 &#8220;Income tax&#8221;</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The table below presents repurchases and resale transactions included in the consolidated statement of financial position at December 31, 2018 and 2017:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2018</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 40.0%;"><div style="font-family: calibri; font-size: 10pt; text-align: center; line-height: normal; background: none;"><div style="font-family: calibri; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: calibri; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assets /</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">liabilities gross</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: calibri; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Amounts offset in</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">the statement of</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">financial position</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: calibri; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net balance</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">presented in the</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">statement of financial</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">position</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: calibri; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Financial</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">instruments as</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">collaterals</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: calibri; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assets /</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">liabilities</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">net</div></div></div></td></tr><tr><td colspan="6" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities purchased under resale agreements</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">931,820</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">931,820</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(931,820)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities sold under repurchase agreements</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,315,555)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,315,555)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,315,555</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total repurchase and resale agreements </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(1,383,735)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(1,383,735)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,383,735</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-indent: -0.13in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">&#160;</div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">The amount includes those presented as cash and cash equivalents and those presented as other assets.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-indent: -0.13in; background: none;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2017</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 40.0%;"><div style="font-family: calibri; font-size: 10pt; text-align: center; line-height: normal; background: none;"><div style="font-family: calibri; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: calibri; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assets /</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">liabilities gross</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: calibri; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Amounts offset in</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">the statement of</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">financial position</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: calibri; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net balance</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">presented in the</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">statement of financial</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">position</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: calibri; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Financial</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">instruments as</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">collaterals</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: calibri; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assets /</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">liabilities</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">net</div></div></div></td></tr><tr><td colspan="6" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities purchased under resale agreements</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">881,061</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">881,061</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(881,061)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities sold under repurchase agreements</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(3,236,128)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(3,236,128)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,236,128</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total repurchase and resale agreements </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(2,355,067)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(2,355,067)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,355,067</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-indent: -0.13in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">&#160;</div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">The amount includes those presented as cash and cash equivalents and those presented as other assets.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 30 <div style="border-bottom: solid #ffffff 1.0pt;border-left: none;border-right: none;border-top: none;margin-left: 0;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 16pt; margin-left: 0.3in; text-align: justify; text-indent: -0.3in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 16pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">NOTE 13. OTHER ASSETS, NET</div></div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">As of December 31, 2018 and 2017 the Bank&#8217;s other assets, net consist of:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 60.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Other Assets</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Tax advance</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">867,120</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">480,523</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Marketable and non-marketable for sale assets</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">654,207</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">580,438</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Prepaid expenses</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">346,012</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">287,550</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Other receivables </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">286,583</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">200,645</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Assets pledged as collateral</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">253,546</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">192,036</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Receivables related to abandoned accounts </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">172,671</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">147,228</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Receivable Sales of goods and service</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">141,098</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">117,540</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Commission receivables</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">99,185</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">97,710</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Accounts receivable from contracts with customers </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(3)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">86,759</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">90,590</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Balance in credit card clearning house</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">61,539</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">66,788</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Interbank Borrowings not classified as cash equivalents</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">55,690</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">125,963</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Operating leases</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">55,450</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">38,653</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Commission for letters of credit</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">25,399</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">72,927</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Debtors</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">22,054</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,510</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Taxes receivable</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,882</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,199</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Others</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">166,125</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">34,498</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total other assets</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,298,320</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,550,798</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Allowance others</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(64,139)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(71,761)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total other assets, net</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,234,181</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,479,037</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-align: justify; text-indent: -0.13in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">As of December 31, 2018, corresponds to reconciling items on correspondent banks and mortgage-backed securities&#180; interest.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">The item corresponds to receivables related to the application of the Colombian Law 1777 of February 1, 2016, which establishes that entities holding accounts deemed abandoned must transfer the related amounts to a fund constituted and regulated by the Icetex (Governmental entity responsible for promoting high quality education in Colombia).</div></div></div></td></tr></table><div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(3)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">See Note 24.3 Fees and commissions.</div></div></div></td></tr></table><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">As of December 31, 2018 and 2017 the Bank&#8217;s other assets, net consist of:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 60.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Other Assets</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Tax advance</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">867,120</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">480,523</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Marketable and non-marketable for sale assets</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">654,207</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">580,438</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Prepaid expenses</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">346,012</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">287,550</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Other receivables </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">286,583</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">200,645</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Assets pledged as collateral</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">253,546</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">192,036</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Receivables related to abandoned accounts </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">172,671</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">147,228</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Receivable Sales of goods and service</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">141,098</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">117,540</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Commission receivables</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">99,185</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">97,710</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Accounts receivable from contracts with customers </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(3)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">86,759</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">90,590</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Balance in credit card clearning house</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">61,539</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">66,788</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Interbank Borrowings not classified as cash equivalents</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">55,690</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">125,963</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Operating leases</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">55,450</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">38,653</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Commission for letters of credit</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">25,399</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">72,927</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Debtors</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">22,054</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,510</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Taxes receivable</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,882</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,199</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Others</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">166,125</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">34,498</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total other assets</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,298,320</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,550,798</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Allowance others</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(64,139)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(71,761)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total other assets, net</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,234,181</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,479,037</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-align: justify; text-indent: -0.13in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">As of December 31, 2018, corresponds to reconciling items on correspondent banks and mortgage-backed securities&#180; interest.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">The item corresponds to receivables related to the application of the Colombian Law 1777 of February 1, 2016, which establishes that entities holding accounts deemed abandoned must transfer the related amounts to a fund constituted and regulated by the Icetex (Governmental entity responsible for promoting high quality education in Colombia).</div></div></div></td></tr></table><div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(3)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">See Note 24.3 Fees and commissions.</div></div></div></td></tr></table><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 67136000000 54967000000 62861000000 50152000000 55573000000 39706000000 5161000000 9012000000 7214000000 10116000000 86759000000 90590000000 <div style="border-bottom: solid #ffffff 1.0pt;border-left: none;border-right: none;border-top: none;"><div style="font-family: 'times new roman', 'serif';font-size: 16pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 16pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">NOTE 10. INVESTMENT PROPERTIES</div></div><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 16pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The table below sets forth the reconciliation between the initial balance account and the balance at the end of the period, at fair value:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 56.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 22.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;December 31, 2018&#160;&#160;&#160;</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 22.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017&#160;&#160;&#160;</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Balance at the beginning of the year</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,657,409</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,581,689</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Acquisitions </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,536</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">92,102</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Sales/Write-offs</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(10,422)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(71,955)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Gains on valuation </div><div style="vertical-align: super;font-size: smaller;display:inline;">(1)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">77,350</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">55,573</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Balance at the end of the period</div><div style="vertical-align: super;font-size: smaller;display:inline;">(2)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,732,873</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,657,409</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-align: justify; text-indent: -0.13in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">See note 24.4. Other operating income, net.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Between December 31, 2018 and 2017 there were no transfers in and out of Level 3 fair value hierarchy related with investment properties. See Note 29 Fair value of assets and liabilities.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The valuation adjustments recorded by the Bank's related to its investment properties are detailed below:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2018</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: middle;width: 10.0%;"><div style="font-family: calibri; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Type of asset</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: middle;width: 25.0%;"><div style="font-family: calibri; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Balance at the</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">beginning of the </div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">year</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: calibri; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Appraisals</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: middle;width: 25.0%;"><div style="font-family: calibri; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net increase (decrease) in</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">investment properties</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: calibri; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Adjusted fair value at the </div></div><br/><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#8206;</div><div style="font-weight:bold;display:inline;">end of the year </div><div style="vertical-align: super;font-size: smaller;display:inline;">(1)</div></div></div></td></tr><tr><td colspan="5" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Buildings</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,425,585</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">59,895</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,886)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,483,594</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Lands</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">231,824</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">17,455</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">249,279</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,657,409</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">77,350</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(1,886)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,732,873</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2017</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: middle;width: 10.0%;"><div style="font-family: calibri; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Type of asset</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: middle;width: 25.0%;"><div style="font-family: calibri; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Balance at the</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">beginning of the </div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">year</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: calibri; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Appraisals</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: middle;width: 25.0%;"><div style="font-family: calibri; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net increase (decrease) in </div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">investment properties</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: calibri; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Adjusted fair value at the </div></div><br/><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#8206;</div><div style="font-weight:bold;display:inline;">end of the year </div><div style="vertical-align: super;font-size: smaller;display:inline;">(1)</div></div></div></td></tr><tr><td colspan="5" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Buildings</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,355,717</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">49,721</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">20,147</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,425,585</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Lands</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">225,972</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,852</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">231,824</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,581,689</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">55,573</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">20,147</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,657,409</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Corresponds to the change in the commercial estimate of real estate due to the change in the consumer price index (IPC).</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Amounts recognized in the statement of income for the period.</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The table sets forth the main income recorded by the Bank related to its investment properties:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 63.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 4.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 11.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 11.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 11.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2016</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Income from rentals</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">79,756</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">77,964</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; 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font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Investment properties that generated income through rentals</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; 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line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,630</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,295</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,495</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Currently, there are no restrictions on the use or income derived from the buildings or lands that the Bank has as investment property.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The fair value of the Bank&#8217;s investment properties for the year ending at December 31, 2018 and December 31, 2017, has been recorded according to the assessment made by independent external consulting companies that have the appropriate capacity and experience in performing those assessments. The appraisers are either approved by the Property Market Auctions of Colombia or are foreign appraisers, who are required to provide a second signature by a Colombia appraiser accredited by the Property Market Auctions.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Fair value appraisals are carried out in accordance with IFRS 13. The reports made by the external consulting company contain the description of the valuation methodologies used, and key assumptions such as: discount rates, calculation of applied expenses and income approach, among others. The fair value of the investment properties is based on the comparative market approach, which reflects the prices of recent transactions with similar characteristics. Upon determining the fair value of these investment properties, the greater and best use of these investment properties is their present use. For further information about measurement techniques and inputs used by consulting companies, please see Note 29 Fair Value of assets and liabilities.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">As of December 31, 2018 and 2017, the Bank does not have investment properties held under financial leases.</div></div> <table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The table below sets forth the reconciliation between the initial balance account and the balance at the end of the period, at fair value:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 56.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 22.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;December 31, 2018&#160;&#160;&#160;</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 22.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017&#160;&#160;&#160;</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Balance at the beginning of the year</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,657,409</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,581,689</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Acquisitions </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,536</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">92,102</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Sales/Write-offs</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(10,422)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(71,955)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Gains on valuation </div><div style="vertical-align: super;font-size: smaller;display:inline;">(1)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">77,350</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">55,573</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Balance at the end of the period</div><div style="vertical-align: super;font-size: smaller;display:inline;">(2)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,732,873</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,657,409</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-align: justify; text-indent: -0.13in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">See note 24.4. Other operating income, net.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Between December 31, 2018 and 2017 there were no transfers in and out of Level 3 fair value hierarchy related with investment properties. See Note 29 Fair value of assets and liabilities.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The valuation adjustments recorded by the Bank's related to its investment properties are detailed below:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2018</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: middle;width: 10.0%;"><div style="font-family: calibri; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Type of asset</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: middle;width: 25.0%;"><div style="font-family: calibri; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Balance at the</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">beginning of the </div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">year</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: calibri; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Appraisals</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: middle;width: 25.0%;"><div style="font-family: calibri; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net increase (decrease) in</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">investment properties</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: calibri; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Adjusted fair value at the </div></div><br/><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#8206;</div><div style="font-weight:bold;display:inline;">end of the year </div><div style="vertical-align: super;font-size: smaller;display:inline;">(1)</div></div></div></td></tr><tr><td colspan="5" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Buildings</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,425,585</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">59,895</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,886)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,483,594</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Lands</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">231,824</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">17,455</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">249,279</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,657,409</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">77,350</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(1,886)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,732,873</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2017</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: middle;width: 10.0%;"><div style="font-family: calibri; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Type of asset</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: middle;width: 25.0%;"><div style="font-family: calibri; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Balance at the</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">beginning of the </div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">year</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: calibri; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Appraisals</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: middle;width: 25.0%;"><div style="font-family: calibri; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net increase (decrease) in </div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">investment properties</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: calibri; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Adjusted fair value at the </div></div><br/><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#8206;</div><div style="font-weight:bold;display:inline;">end of the year </div><div style="vertical-align: super;font-size: smaller;display:inline;">(1)</div></div></div></td></tr><tr><td colspan="5" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Buildings</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,355,717</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">49,721</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">20,147</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,425,585</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Lands</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">225,972</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,852</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">231,824</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,581,689</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">55,573</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">20,147</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 2.0pt;padding-right: 2.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,657,409</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Corresponds to the change in the commercial estimate of real estate due to the change in the consumer price index (IPC).</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The table sets forth the main income recorded by the Bank related to its investment properties:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 63.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 4.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 11.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 11.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 11.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2016</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Income from rentals</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">79,756</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">77,964</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">66,838</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Operating expenses due to:</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Investment properties that generated income through rentals</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">16,531</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">21,012</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">21,254</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Investment properties that did not generate income through rentals</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,630</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,295</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,495</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 459966000000 2658864000000 2615000000000 <div style="border-bottom: solid #ffffff 1.0pt;border-left: none;border-right: none;border-top: none;"><div style="font-family: 'times new roman', 'serif';font-size: 16pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 16pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">NOTE 9. PREMISES AND EQUIPMENT, NET</div></div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">As of December 31, 2018 and 2017 the premises and equipment consisted of the following:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2018</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td rowspan="2" style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Premises and equipment</div></div></div></td><td rowspan="2" style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Balance at</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">January</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1, 2018</div></div></div></td><td colspan="6" style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: center; margin-left: 0in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Roll - forward</div></div></div></td></tr><tr><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Acquisitions</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Expenses</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">depreciation</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Disposals</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assets</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">classified</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">as held for</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">sale</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Effect of</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">changes in</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">foreign</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">exchange</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">rate</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Balance at</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">31, 2018</div></div></div></td></tr><tr><td colspan="8" style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); 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font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 11.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 10.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 11.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 10.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Cost</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">337,362</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">20,924</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(6,079)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">9,525</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">361,732</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Construction in progress</div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Cost</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">5,129</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">6,485</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(8,448)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(713)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2,453</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Buildings&#160;&#160;</div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Cost</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,304,539</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">21,817</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(34,850)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(5,916)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">58,927</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,344,517</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Accumulated depreciation</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(285,118)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(29,199)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2,913</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(19,587)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(330,991)</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Furniture and fixtures</div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Cost</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">601,275</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">28,221</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(24,861)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">24,793</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">629,428</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Accumulated&#160;&#160;&#160;depreciation</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(334,054)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(36,073)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">18,695</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(7,502)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(358,934)</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Computer equipment</div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 26.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Cost</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">782,476</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">142,451</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 11.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(50,282)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 10.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(4,708)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 11.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">26,874</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 10.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">896,811</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Accumulated depreciation</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(497,976)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(80,980)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">47,345</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">4,578</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(40,693)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(567,726)</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Vehicles</div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Cost</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,410,709</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">679,356</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(249,771)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(170,145)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,701</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,671,850</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Accumulated depreciation</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(371,276)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(231)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(145,529)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">11,673</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">61,988</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(652)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(444,027)</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Ongoing Imports</div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Cost</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">3,502</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">3,053</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(5,288)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,267</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Leasehold improvements</div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Cost</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">297,500</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">19,180</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(7,737)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">5,469</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">314,412</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Accumulated depreciation</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(126,663)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(25,970)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">7,188</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(6,700)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(152,145)</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total premises and equipment - cost</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">4,742,492</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">921,487</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(387,316)</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(180,769)</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">126,576</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5,222,470</div></div></div></td></tr><tr><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total premises and equipment - accumulated depreciation</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(1,615,087)</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(231)</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(317,751)</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">87,814</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">66,566</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(75,134)</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(1,853,823)</div></div></div></td></tr><tr><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total premises and equipment, net</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,127,405</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">921,256</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> (317,751)</div></div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(1)</div></div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(299,502)</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(114,203)</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">51,442</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,368,647</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 1.11in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">The difference with the Consolidated Statement of Income is the expense depreciation by the premises and equipment of the investments classified as assets held for sale, the amortization of intangible assets and impairment of other assets. See Note 25.2 Impairment, depreciation and amortization.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">As of December 31, 2018 the premises and equipment of Assets held for sale consist of:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div><div style="text-decoration: none; background: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; width: 100%; border-collapse: collapse; border-spacing: 0px;"><tr><td rowspan="2" style="border: 1pt solid black; text-align: center; line-height: 8pt; padding-left: 0px; font-size: 8pt; padding-top: 0px; padding-bottom: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Premises and equipment</div></div></td><td rowspan="2" style="border-bottom: 1pt solid black; border-top: 1pt solid black; border-right: 1pt solid black; padding-left: 0px; font-size: 8pt; line-height: 8pt; padding-top: 0px; padding-bottom: 0px;"><div style="font: 8pt &quot;times new roman&quot;, times, serif; margin: 0px; text-align: center;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Balance at</div></div></div><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:center"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">January</div></div></div><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:center"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1, 2018</div></div></div></td><td colspan="5" style="border-bottom: 1pt solid black; border-top: 1pt solid black; border-right: 1pt solid black; text-align: center; line-height: 8pt; padding-left: 0px; font-size: 8pt; padding-top: 0px; padding-bottom: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Roll - forward</div></div></td><td rowspan="2" style="border-bottom: 1pt solid black; border-top: 1pt solid black; border-right: 1pt solid black; padding-left: 0px; font-size: 8pt; line-height: 8pt; padding-top: 0px; padding-bottom: 0px;"><div style="font: 8pt &quot;times new roman&quot;, times, serif; margin: 0px; text-align: center;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Balance at</div></div></div><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:center"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31,</div></div></div><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:center"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td></tr><tr><td style="border-bottom: 1pt solid black; text-align: center; line-height: 8pt; padding-left: 0px; font-size: 8pt; padding-top: 0px; padding-bottom: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Acquisitions</div></div></td><td style="border-bottom: 1pt solid black; padding-left: 0px; font-size: 8pt; line-height: 8pt; padding-top: 0px; padding-bottom: 0px;"><div style="font: 8pt &quot;times new roman&quot;, times, serif; margin: 0px; text-align: center;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Expenses</div></div></div><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:center"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">depreciation</div></div></div></td><td style="border-bottom: 1pt solid black; text-align: center; line-height: 8pt; padding-left: 0px; font-size: 8pt; padding-top: 0px; padding-bottom: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Disposals</div></div></td><td style="border-bottom: 1pt solid black; padding-left: 0px; font-size: 8pt; line-height: 8pt; padding-top: 0px; padding-bottom: 0px;"><div style="font: 8pt &quot;times new roman&quot;, times, serif; margin: 0px; text-align: center;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assets</div></div></div><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:center"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">classified as</div></div></div><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:center"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">held for</div></div></div><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:center"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">sale</div></div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding-left: 0px; font-size: 8pt; line-height: 8pt; padding-top: 0px; padding-bottom: 0px;"><div style="font: 8pt &quot;times new roman&quot;, times, serif; margin: 0px; text-align: center;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Effect of</div></div></div><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:center"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">changes in</div></div></div><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:center"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">foreign</div></div></div><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:center"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">exchange</div></div></div><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:center"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">rate</div></div></div></td></tr><tr><td colspan="8" style="border-right: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></td></tr><tr><td style="vertical-align: top; width: 480.688px; border-top: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;Fixtures and fittings</div></div></td><td style="width: 217.688px; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="width: 217.688px; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="width: 198.688px; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="width: 140.688px; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="width: 178.688px; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="width: 197.688px; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="width: 178.688px; border-top: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td></tr><tr><td style="border-left: 1pt solid black; padding-left: 5.25pt; text-align: left; line-height: 8pt; font-size: 8pt; padding-top: 0px; padding-bottom: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Cost</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">111</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(1)</div></td><td style="vertical-align: top; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">110</div></td></tr><tr><td style="border-left: 1pt solid black; padding-left: 5.25pt; text-align: left; line-height: 8pt; font-size: 8pt; padding-top: 0px; padding-bottom: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Accumulated depreciation</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(95)</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">(9)</div></div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2</div></td><td style="vertical-align: top; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(102)</div></td></tr><tr style="vertical-align:top"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;Computer equipment</div></div></td><td style="padding: 0px 3.5pt; font-size: 8pt; line-height: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td></tr><tr><td style="border-left: 1pt solid black; padding-left: 5.25pt; text-align: left; line-height: 8pt; font-size: 8pt; padding-top: 0px; padding-bottom: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Cost</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">113</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">7</div></td><td style="vertical-align: top; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">120</div></td></tr><tr><td style="border-left: 1pt solid black; padding-left: 5.25pt; text-align: left; line-height: 8pt; font-size: 8pt; padding-top: 0px; padding-bottom: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Accumulated depreciation</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(86)</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">(12)</div></div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(14)</div></td><td style="vertical-align: top; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(112)</div></td></tr><tr style="vertical-align:top"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;Vehicles</div></div></td><td style="padding: 0px 3.5pt; font-size: 8pt; line-height: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td></tr><tr><td style="border-left: 1pt solid black; padding-left: 5.25pt; text-align: left; line-height: 8pt; font-size: 8pt; padding-top: 0px; padding-bottom: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Cost</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">142,647</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">84,344</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,850)</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(26,913)</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">12,453</div></td><td style="vertical-align: top; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">210,681</div></td></tr><tr><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding-left: 5.25pt; text-align: left; line-height: 8pt; font-size: 8pt; padding-top: 0px; padding-bottom: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Accumulated depreciation</div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(33,221)</div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(54)</div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">(24,833)</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">365</div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">13,446</div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,044)</div></td><td style="border-bottom: 1pt solid black; vertical-align: top; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(46,341)</div></td></tr><tr><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total premises and equipment - cost</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">142,871</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">84,344</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(1,850)</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(26,913)</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">12,459</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">210,911</div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total premises and equipment - accumulated depreciation</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(33,402)</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(54)</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">(24,854</div>)</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">365</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">13,446</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(2,056)</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(46,555)</div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total premises and equipment, net</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">109,469</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">84,290</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">(24,854)</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(1,485)</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(13,467)</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">10,403</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">164,356</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px; background: none;"></div><div style="font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; text-align: justify; color: rgb(0, 117, 192); background: none;"><div style="text-decoration: none; background: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div><div style="background: none; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; white-space: pre-line; text-decoration: none; top: 0px;;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2017</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div><div style="text-decoration: none; background: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><div style="color: rgb(0, 0, 0); font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; text-align: justify; background: none;"></div><table style="font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; width: 100%; border-collapse: collapse; border-spacing: 0px;"><tr style="background-color:white"><td rowspan="2" style="border-width: 1pt; border-style: solid; border-color: black; text-align: center; line-height: 8pt; padding-left: 0px; font-size: 8pt; padding-top: 0px; padding-bottom: 0px; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Premises and equipment</div></div></td><td rowspan="2" style="border-bottom: 1pt solid black; border-top: 1pt solid black; border-right: 1pt solid black; padding-left: 0px; font-size: 8pt; line-height: 8pt; padding-top: 0px; padding-bottom: 0px; white-space: nowrap;"><div style="font: 8pt/8pt &quot;times new roman&quot;, times, serif; margin: 0pt 0px; text-align: center;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Balance at</div></div></div><div style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif; margin: 0pt 0px; text-align: center;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">January</div></div></div><div style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif; margin: 0pt 0px; text-align: center;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1, 2017</div></div></div></td><td colspan="6" style="border-bottom: 1pt solid black; vertical-align: top; border-top: 1pt solid black; border-right: 1pt solid black; text-align: center; line-height: 8pt; padding-left: 0px; font-size: 8pt; padding-top: 0px; padding-bottom: 0px; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Roll - forward</div></div></td><td rowspan="2" style="border-bottom: 1pt solid black; border-top: 1pt solid black; border-right: 1pt solid black; padding-left: 0px; font-size: 8pt; line-height: 8pt; padding-top: 0px; padding-bottom: 0px; white-space: nowrap;"><div style="font: 8pt/8pt &quot;times new roman&quot;, times, serif; margin: 0pt 0px; text-align: center;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Balance at</div></div></div><div style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif; margin: 0pt 0px; text-align: center;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31,</div></div></div><div style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif; margin: 0pt 0px; text-align: center;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td></tr><tr style="background-color:white"><td style="border-bottom: 1pt solid black; text-align: center; line-height: 8pt; padding-left: 0px; font-size: 8pt; padding-top: 0px; padding-bottom: 0px; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Acquisitions</div></div></td><td style="border-bottom: 1pt solid black; padding-left: 0px; font-size: 8pt; line-height: 8pt; padding-top: 0px; padding-bottom: 0px; white-space: nowrap;"><div style="font: 8pt/8pt &quot;times new roman&quot;, times, serif; margin: 0pt 0px; text-align: center;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Expenses</div></div></div><div style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif; margin: 0pt 0px; text-align: center;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">depreciation</div></div></div></td><td style="border-bottom: 1pt solid black; text-align: center; line-height: 8pt; padding-left: 0px; font-size: 8pt; padding-top: 0px; padding-bottom: 0px; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Disposals</div></div></td><td style="border-bottom: 1pt solid black; padding-left: 0px; font-size: 8pt; line-height: 8pt; padding-top: 0px; padding-bottom: 0px; white-space: nowrap;"><div style="font: 8pt/8pt &quot;times new roman&quot;, times, serif; margin: 0pt 0px; text-align: center;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assets</div></div></div><div style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif; margin: 0pt 0px; text-align: center;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">classified as</div></div></div><div style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif; margin: 0pt 0px; text-align: center;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">held for</div></div></div><div style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif; margin: 0pt 0px; text-align: center;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">sale</div></div></div></td><td style="border-bottom: 1pt solid black; padding-left: 0px; font-size: 8pt; line-height: 8pt; padding-top: 0px; padding-bottom: 0px; white-space: nowrap;"><div style="font: 8pt/8pt &quot;times new roman&quot;, times, serif; margin: 0pt 0px; text-align: center;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Subsidiary</div></div></div><div style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif; margin: 0pt 0px; text-align: center;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">liquidation</div></div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding-left: 0px; font-size: 8pt; line-height: 8pt; padding-top: 0px; padding-bottom: 0px; white-space: nowrap;"><div style="font: 8pt/8pt &quot;times new roman&quot;, times, serif; margin: 0pt 0px; text-align: center;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Effect of</div></div></div><div style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif; margin: 0pt 0px; text-align: center;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">changes in</div></div></div><div style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif; margin: 0pt 0px; text-align: center;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">foreign</div></div></div><div style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif; margin: 0pt 0px; text-align: center;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">exchange</div></div></div><div style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif; margin: 0pt 0px; text-align: center;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">rate</div></div></div></td></tr><tr style="background-color:white"><td colspan="9" style="border-right: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></td></tr><tr style="background-color:white"><td style="width: 367.688px; border-top: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Land</div></div></td><td style="width: 179.688px; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="width: 198.688px; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="width: 198.688px; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="width: 160.688px; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="width: 178.688px; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="vertical-align: top; width: 178.688px; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="width: 159.688px; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="width: 178.688px; border-top: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td></tr><tr style="background-color:white"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Cost</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">334,499</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">4,050</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(904)</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(283)</div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">337,362</div></td></tr><tr style="background-color:white"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Construction in progress</div></div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td></tr><tr style="background-color:white"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Cost</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">32,883</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">48,849</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(76,066)</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(537)</div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">5,129</div></td></tr><tr style="background-color:white"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Buildings&#160;&#160;</div></div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td></tr><tr style="background-color:white"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Cost</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,185,296</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">130,766</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(27,041)</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(5,973)</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">21,491</div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,304,539</div></td></tr><tr style="background-color:white"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Accumulated depreciation</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(259,400)</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(29,451)</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">3,449</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">284</div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(285,118)</div></td></tr><tr style="background-color:white"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Furniture and fixtures</div></div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td></tr><tr style="background-color:white"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Cost</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">572,699</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">40,187</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(12,647)</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(111)</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(37)</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,184</div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">601,275</div></td></tr><tr style="background-color:white"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Accumulated&#160;&#160;&#160;depreciation</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(300,731)</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(39,912)</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">9,317</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">95</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">30</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,853)</div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(334,054)</div></td></tr><tr style="background-color:white"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Computer equipment</div></div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td></tr><tr style="background-color:white"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Cost</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">717,464</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; 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padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Vehicles</div></div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td></tr><tr style="background-color:white"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Cost</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,461,628</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; 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line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(32,845)</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(43,969)</div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,410,709</div></td></tr><tr style="background-color:white"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Accumulated depreciation</div></td><td style="padding: 0px 3.5pt; 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padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Airplane</div></div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td></tr><tr style="background-color:white"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Cost</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">60,614</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(59,614)</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,000)</div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td></tr><tr style="background-color:white"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Accumulated depreciation</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(6,227)</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(356)</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">6,480</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">103</div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td></tr><tr style="background-color:white"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Ongoing Imports</div></div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td></tr><tr style="background-color:white"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Cost</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,929</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">6,472</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(4,744)</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(155)</div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">3,502</div></td></tr><tr style="background-color:white"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Leasehold improvements</div></div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td></tr><tr style="background-color:white"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Cost</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">248,358</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">61,284</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(7,812)</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(4,330)</div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">297,500</div></td></tr><tr style="background-color:white"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Accumulated depreciation</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(68,485)</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(28,631)</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(29,723)</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">176</div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(126,663)</div></td></tr><tr style="background-color:white"><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total premises and equipment - cost</div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(47, 117, 181); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">4,615,370</div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(47, 117, 181); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,042,779</div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(47, 117, 181); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(47, 117, 181); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(523,586)</div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(47, 117, 181); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(325,016)</div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(47, 117, 181); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(38,894)</div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(47, 117, 181); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(28,161)</div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(47, 117, 181); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">4,742,492</div></div></td></tr><tr style="background-color:white"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total premises and equipment - accumulated depreciation</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(47, 117, 181); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(1,499,673)</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(47, 117, 181); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(2,866)</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(47, 117, 181); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(316,281)</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(47, 117, 181); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">49,903</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(47, 117, 181); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">118,935</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(47, 117, 181); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">15,788</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(47, 117, 181); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">19,107</div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(47, 117, 181); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(1,615,087)</div></div></td></tr><tr style="background-color:white"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total premises and equipment, net</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(47, 117, 181); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,115,697</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(47, 117, 181); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,039,913</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(47, 117, 181); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">(316,281)</div>&#160;<div style="vertical-align: super;font-size: smaller;display:inline;">(1)</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(47, 117, 181); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(473,683)</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(47, 117, 181); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(206,081)</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(47, 117, 181); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(23,106)</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(47, 117, 181); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(9,054)</div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(47, 117, 181); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,127,405</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px; background: none;"></div><div style="color: rgb(0, 0, 0); font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px 0px 0px 9pt; text-align: justify; text-indent: -9pt; background: none;"><div style="text-decoration: none; background: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div><div style="background: none; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; white-space: pre-line; text-indent: -0.13in; text-decoration: none; top: 0px;;display:inline;">&#160;</div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">The difference with the Consolidated Statement of Income is the expense depreciation by premises and equipment of the investments classified as assets held for sale, the amortization of intangible assets and impairment of other assets. See Note 25.2 Impairment, depreciation and amortization.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">As of December 31, 2018 and 2017, there were no contractual commitments for the purchase of premises and equipment, or premises and equipment pledged as collateral.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">As of December 31, 2018 and 2017, the assessment made by the Bank indicates there is no evidence of impairment of its premises and equipment.</div></div> <table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">As of December 31, 2018 and 2017 the premises and equipment consisted of the following:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2018</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td rowspan="2" style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Premises and equipment</div></div></div></td><td rowspan="2" style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; 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font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 10.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 11.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 10.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Cost</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">337,362</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">20,924</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(6,079)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">9,525</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">361,732</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Construction in progress</div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Cost</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">5,129</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">6,485</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(8,448)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(713)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2,453</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Buildings&#160;&#160;</div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Cost</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,304,539</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">21,817</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(34,850)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(5,916)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">58,927</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,344,517</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Accumulated depreciation</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(285,118)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(29,199)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2,913</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(19,587)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(330,991)</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Furniture and fixtures</div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Cost</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">601,275</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">28,221</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(24,861)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">24,793</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">629,428</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Accumulated&#160;&#160;&#160;depreciation</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(334,054)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(36,073)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">18,695</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(7,502)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(358,934)</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Computer equipment</div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 26.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Cost</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">782,476</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">142,451</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 11.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(50,282)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 10.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(4,708)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 11.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">26,874</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 10.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">896,811</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Accumulated depreciation</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(497,976)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(80,980)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">47,345</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">4,578</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(40,693)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(567,726)</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Vehicles</div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Cost</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,410,709</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">679,356</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(249,771)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(170,145)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,701</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,671,850</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Accumulated depreciation</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(371,276)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(231)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(145,529)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">11,673</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">61,988</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(652)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(444,027)</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Ongoing Imports</div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Cost</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">3,502</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">3,053</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(5,288)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,267</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Leasehold improvements</div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Cost</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">297,500</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">19,180</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(7,737)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">5,469</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">314,412</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Accumulated depreciation</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(126,663)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(25,970)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">7,188</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(6,700)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(152,145)</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total premises and equipment - cost</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">4,742,492</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">921,487</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(387,316)</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(180,769)</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">126,576</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5,222,470</div></div></div></td></tr><tr><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total premises and equipment - accumulated depreciation</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(1,615,087)</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(231)</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(317,751)</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">87,814</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">66,566</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(75,134)</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(1,853,823)</div></div></div></td></tr><tr><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total premises and equipment, net</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,127,405</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">921,256</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> (317,751)</div></div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(1)</div></div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(299,502)</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(114,203)</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">51,442</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,368,647</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 1.11in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">The difference with the Consolidated Statement of Income is the expense depreciation by the premises and equipment of the investments classified as assets held for sale, the amortization of intangible assets and impairment of other assets. See Note 25.2 Impairment, depreciation and amortization.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">As of December 31, 2018 the premises and equipment of Assets held for sale consist of:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div><div style="text-decoration: none; background: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; width: 100%; border-collapse: collapse; border-spacing: 0px;"><tr><td rowspan="2" style="border: 1pt solid black; text-align: center; line-height: 8pt; padding-left: 0px; font-size: 8pt; padding-top: 0px; padding-bottom: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Premises and equipment</div></div></td><td rowspan="2" style="border-bottom: 1pt solid black; border-top: 1pt solid black; border-right: 1pt solid black; padding-left: 0px; font-size: 8pt; line-height: 8pt; padding-top: 0px; padding-bottom: 0px;"><div style="font: 8pt &quot;times new roman&quot;, times, serif; margin: 0px; text-align: center;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Balance at</div></div></div><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:center"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">January</div></div></div><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:center"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1, 2018</div></div></div></td><td colspan="5" style="border-bottom: 1pt solid black; border-top: 1pt solid black; border-right: 1pt solid black; text-align: center; line-height: 8pt; padding-left: 0px; font-size: 8pt; padding-top: 0px; padding-bottom: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Roll - forward</div></div></td><td rowspan="2" style="border-bottom: 1pt solid black; border-top: 1pt solid black; border-right: 1pt solid black; padding-left: 0px; font-size: 8pt; line-height: 8pt; padding-top: 0px; padding-bottom: 0px;"><div style="font: 8pt &quot;times new roman&quot;, times, serif; margin: 0px; text-align: center;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Balance at</div></div></div><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:center"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31,</div></div></div><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:center"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td></tr><tr><td style="border-bottom: 1pt solid black; text-align: center; line-height: 8pt; padding-left: 0px; font-size: 8pt; padding-top: 0px; padding-bottom: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Acquisitions</div></div></td><td style="border-bottom: 1pt solid black; padding-left: 0px; font-size: 8pt; line-height: 8pt; padding-top: 0px; padding-bottom: 0px;"><div style="font: 8pt &quot;times new roman&quot;, times, serif; margin: 0px; text-align: center;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Expenses</div></div></div><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:center"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">depreciation</div></div></div></td><td style="border-bottom: 1pt solid black; text-align: center; line-height: 8pt; padding-left: 0px; font-size: 8pt; padding-top: 0px; padding-bottom: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Disposals</div></div></td><td style="border-bottom: 1pt solid black; padding-left: 0px; font-size: 8pt; line-height: 8pt; padding-top: 0px; padding-bottom: 0px;"><div style="font: 8pt &quot;times new roman&quot;, times, serif; margin: 0px; text-align: center;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assets</div></div></div><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:center"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">classified as</div></div></div><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:center"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">held for</div></div></div><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:center"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">sale</div></div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding-left: 0px; font-size: 8pt; line-height: 8pt; padding-top: 0px; padding-bottom: 0px;"><div style="font: 8pt &quot;times new roman&quot;, times, serif; margin: 0px; text-align: center;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Effect of</div></div></div><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:center"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">changes in</div></div></div><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:center"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">foreign</div></div></div><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:center"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">exchange</div></div></div><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:center"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">rate</div></div></div></td></tr><tr><td colspan="8" style="border-right: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></td></tr><tr><td style="vertical-align: top; width: 480.688px; border-top: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;Fixtures and fittings</div></div></td><td style="width: 217.688px; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="width: 217.688px; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="width: 198.688px; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="width: 140.688px; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="width: 178.688px; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="width: 197.688px; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="width: 178.688px; border-top: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td></tr><tr><td style="border-left: 1pt solid black; padding-left: 5.25pt; text-align: left; line-height: 8pt; font-size: 8pt; padding-top: 0px; padding-bottom: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Cost</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">111</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(1)</div></td><td style="vertical-align: top; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">110</div></td></tr><tr><td style="border-left: 1pt solid black; padding-left: 5.25pt; text-align: left; line-height: 8pt; font-size: 8pt; padding-top: 0px; padding-bottom: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Accumulated depreciation</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(95)</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">(9)</div></div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2</div></td><td style="vertical-align: top; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(102)</div></td></tr><tr style="vertical-align:top"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;Computer equipment</div></div></td><td style="padding: 0px 3.5pt; font-size: 8pt; line-height: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td></tr><tr><td style="border-left: 1pt solid black; padding-left: 5.25pt; text-align: left; line-height: 8pt; font-size: 8pt; padding-top: 0px; padding-bottom: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Cost</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">113</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">7</div></td><td style="vertical-align: top; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">120</div></td></tr><tr><td style="border-left: 1pt solid black; padding-left: 5.25pt; text-align: left; line-height: 8pt; font-size: 8pt; padding-top: 0px; padding-bottom: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Accumulated depreciation</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(86)</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">(12)</div></div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(14)</div></td><td style="vertical-align: top; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(112)</div></td></tr><tr style="vertical-align:top"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;Vehicles</div></div></td><td style="padding: 0px 3.5pt; font-size: 8pt; line-height: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td></tr><tr><td style="border-left: 1pt solid black; padding-left: 5.25pt; text-align: left; line-height: 8pt; font-size: 8pt; padding-top: 0px; padding-bottom: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Cost</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">142,647</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">84,344</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,850)</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(26,913)</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">12,453</div></td><td style="vertical-align: top; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">210,681</div></td></tr><tr><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding-left: 5.25pt; text-align: left; line-height: 8pt; font-size: 8pt; padding-top: 0px; padding-bottom: 0px;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Accumulated depreciation</div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(33,221)</div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(54)</div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">(24,833)</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">365</div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">13,446</div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,044)</div></td><td style="border-bottom: 1pt solid black; vertical-align: top; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(46,341)</div></td></tr><tr><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total premises and equipment - cost</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">142,871</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">84,344</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(1,850)</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(26,913)</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">12,459</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">210,911</div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total premises and equipment - accumulated depreciation</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(33,402)</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(54)</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">(24,854</div>)</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">365</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">13,446</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(2,056)</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(46,555)</div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total premises and equipment, net</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">109,469</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">84,290</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">(24,854)</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(1,485)</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(13,467)</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">10,403</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">164,356</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px; background: none;"></div><div style="font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; text-align: justify; color: rgb(0, 117, 192); background: none;"><div style="text-decoration: none; background: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div><div style="background: none; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; white-space: pre-line; text-decoration: none; top: 0px;;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2017</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div><div style="text-decoration: none; background: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><div style="color: rgb(0, 0, 0); font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; text-align: justify; background: none;"></div><table style="font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; width: 100%; border-collapse: collapse; border-spacing: 0px;"><tr style="background-color:white"><td rowspan="2" style="border-width: 1pt; border-style: solid; border-color: black; text-align: center; line-height: 8pt; padding-left: 0px; font-size: 8pt; padding-top: 0px; padding-bottom: 0px; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Premises and equipment</div></div></td><td rowspan="2" style="border-bottom: 1pt solid black; border-top: 1pt solid black; border-right: 1pt solid black; padding-left: 0px; font-size: 8pt; line-height: 8pt; padding-top: 0px; padding-bottom: 0px; white-space: nowrap;"><div style="font: 8pt/8pt &quot;times new roman&quot;, times, serif; margin: 0pt 0px; text-align: center;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Balance at</div></div></div><div style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif; margin: 0pt 0px; text-align: center;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">January</div></div></div><div style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif; margin: 0pt 0px; text-align: center;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1, 2017</div></div></div></td><td colspan="6" style="border-bottom: 1pt solid black; vertical-align: top; border-top: 1pt solid black; border-right: 1pt solid black; text-align: center; line-height: 8pt; padding-left: 0px; font-size: 8pt; padding-top: 0px; padding-bottom: 0px; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Roll - forward</div></div></td><td rowspan="2" style="border-bottom: 1pt solid black; border-top: 1pt solid black; border-right: 1pt solid black; padding-left: 0px; font-size: 8pt; line-height: 8pt; padding-top: 0px; padding-bottom: 0px; white-space: nowrap;"><div style="font: 8pt/8pt &quot;times new roman&quot;, times, serif; margin: 0pt 0px; text-align: center;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Balance at</div></div></div><div style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif; margin: 0pt 0px; text-align: center;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31,</div></div></div><div style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif; margin: 0pt 0px; text-align: center;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td></tr><tr style="background-color:white"><td style="border-bottom: 1pt solid black; text-align: center; line-height: 8pt; padding-left: 0px; font-size: 8pt; padding-top: 0px; padding-bottom: 0px; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Acquisitions</div></div></td><td style="border-bottom: 1pt solid black; padding-left: 0px; font-size: 8pt; line-height: 8pt; padding-top: 0px; padding-bottom: 0px; white-space: nowrap;"><div style="font: 8pt/8pt &quot;times new roman&quot;, times, serif; margin: 0pt 0px; text-align: center;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Expenses</div></div></div><div style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif; margin: 0pt 0px; text-align: center;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">depreciation</div></div></div></td><td style="border-bottom: 1pt solid black; text-align: center; line-height: 8pt; padding-left: 0px; font-size: 8pt; padding-top: 0px; padding-bottom: 0px; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Disposals</div></div></td><td style="border-bottom: 1pt solid black; padding-left: 0px; font-size: 8pt; line-height: 8pt; padding-top: 0px; padding-bottom: 0px; white-space: nowrap;"><div style="font: 8pt/8pt &quot;times new roman&quot;, times, serif; margin: 0pt 0px; text-align: center;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assets</div></div></div><div style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif; margin: 0pt 0px; text-align: center;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">classified as</div></div></div><div style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif; margin: 0pt 0px; text-align: center;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">held for</div></div></div><div style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif; margin: 0pt 0px; text-align: center;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">sale</div></div></div></td><td style="border-bottom: 1pt solid black; padding-left: 0px; font-size: 8pt; line-height: 8pt; padding-top: 0px; padding-bottom: 0px; white-space: nowrap;"><div style="font: 8pt/8pt &quot;times new roman&quot;, times, serif; margin: 0pt 0px; text-align: center;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Subsidiary</div></div></div><div style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif; margin: 0pt 0px; text-align: center;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">liquidation</div></div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding-left: 0px; font-size: 8pt; line-height: 8pt; padding-top: 0px; padding-bottom: 0px; white-space: nowrap;"><div style="font: 8pt/8pt &quot;times new roman&quot;, times, serif; margin: 0pt 0px; text-align: center;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Effect of</div></div></div><div style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif; margin: 0pt 0px; text-align: center;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">changes in</div></div></div><div style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif; margin: 0pt 0px; text-align: center;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">foreign</div></div></div><div style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif; margin: 0pt 0px; text-align: center;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">exchange</div></div></div><div style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif; margin: 0pt 0px; text-align: center;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">rate</div></div></div></td></tr><tr style="background-color:white"><td colspan="9" style="border-right: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></td></tr><tr style="background-color:white"><td style="width: 367.688px; border-top: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Land</div></div></td><td style="width: 179.688px; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="width: 198.688px; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="width: 198.688px; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="width: 160.688px; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="width: 178.688px; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="vertical-align: top; width: 178.688px; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="width: 159.688px; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="width: 178.688px; border-top: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td></tr><tr style="background-color:white"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Cost</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">334,499</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">4,050</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(904)</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(283)</div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">337,362</div></td></tr><tr style="background-color:white"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Construction in progress</div></div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td></tr><tr style="background-color:white"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Cost</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">32,883</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">48,849</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(76,066)</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(537)</div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">5,129</div></td></tr><tr style="background-color:white"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Buildings&#160;&#160;</div></div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td></tr><tr style="background-color:white"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Cost</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,185,296</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">130,766</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(27,041)</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(5,973)</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">21,491</div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,304,539</div></td></tr><tr style="background-color:white"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Accumulated depreciation</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(259,400)</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(29,451)</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">3,449</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">284</div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(285,118)</div></td></tr><tr style="background-color:white"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Furniture and fixtures</div></div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td></tr><tr style="background-color:white"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Cost</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">572,699</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">40,187</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(12,647)</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(111)</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(37)</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,184</div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">601,275</div></td></tr><tr style="background-color:white"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Accumulated&#160;&#160;&#160;depreciation</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(300,731)</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(39,912)</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">9,317</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">95</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">30</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,853)</div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(334,054)</div></td></tr><tr style="background-color:white"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Computer equipment</div></div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td></tr><tr style="background-color:white"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Cost</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">717,464</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">100,939</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(29,301)</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(6,025)</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(39)</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(562)</div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">782,476</div></td></tr><tr style="background-color:white"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Accumulated depreciation</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(477,339)</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(73,772)</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">46,358</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">5,740</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">18</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,019</div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(497,976)</div></td></tr><tr style="background-color:white"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Vehicles</div></div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td></tr><tr style="background-color:white"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Cost</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,461,628</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; 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line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(32,845)</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(43,969)</div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,410,709</div></td></tr><tr style="background-color:white"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Accumulated depreciation</div></td><td style="padding: 0px 3.5pt; 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text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td></tr><tr style="background-color:white"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Cost</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">60,614</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(59,614)</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,000)</div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td></tr><tr style="background-color:white"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Accumulated depreciation</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(6,227)</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(356)</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">6,480</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">103</div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td></tr><tr style="background-color:white"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Ongoing Imports</div></div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td></tr><tr style="background-color:white"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Cost</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,929</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">6,472</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(4,744)</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(155)</div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">3,502</div></td></tr><tr style="background-color:white"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Leasehold improvements</div></div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap; background: none;">&#160;</td></tr><tr style="background-color:white"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Cost</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">248,358</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">61,284</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(7,812)</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(4,330)</div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">297,500</div></td></tr><tr style="background-color:white"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Accumulated depreciation</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(68,485)</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(28,631)</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(29,723)</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">176</div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(126,663)</div></td></tr><tr style="background-color:white"><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total premises and equipment - cost</div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(47, 117, 181); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">4,615,370</div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(47, 117, 181); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,042,779</div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(47, 117, 181); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(47, 117, 181); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(523,586)</div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(47, 117, 181); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(325,016)</div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(47, 117, 181); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(38,894)</div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(47, 117, 181); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(28,161)</div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(47, 117, 181); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">4,742,492</div></div></td></tr><tr style="background-color:white"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total premises and equipment - accumulated depreciation</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(47, 117, 181); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(1,499,673)</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(47, 117, 181); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(2,866)</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(47, 117, 181); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(316,281)</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(47, 117, 181); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">49,903</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(47, 117, 181); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">118,935</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(47, 117, 181); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">15,788</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(47, 117, 181); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">19,107</div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(47, 117, 181); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(1,615,087)</div></div></td></tr><tr style="background-color:white"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total premises and equipment, net</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(47, 117, 181); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,115,697</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(47, 117, 181); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,039,913</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(47, 117, 181); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">(316,281)</div>&#160;<div style="vertical-align: super;font-size: smaller;display:inline;">(1)</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(47, 117, 181); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(473,683)</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(47, 117, 181); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(206,081)</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(47, 117, 181); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(23,106)</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(47, 117, 181); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(9,054)</div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(47, 117, 181); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,127,405</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px; background: none;"></div><div style="color: rgb(0, 0, 0); font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px 0px 0px 9pt; text-align: justify; text-indent: -9pt; background: none;"><div style="text-decoration: none; background: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div><div style="background: none; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; white-space: pre-line; text-indent: -0.13in; text-decoration: none; top: 0px;;display:inline;">&#160;</div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">The difference with the Consolidated Statement of Income is the expense depreciation by premises and equipment of the investments classified as assets held for sale, the amortization of intangible assets and impairment of other assets. See Note 25.2 Impairment, depreciation and amortization.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">In spite of the above, the management has directed its efforts towards the equity strengthening as shown in table below.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td rowspan="2" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of </div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31 2017</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 64.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Regulatory Capital and Capital Adequacy Ratios</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: bottom;width: 18.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: bottom;width: 18.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Basic Ordinary Equity</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">23,965,972</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">22,221,965</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Deductions Basic Ordinary Equity</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(4,251,247)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(4,189,222)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total Basic Ordinary Equity</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">19,714,725</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">18,032,743</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Additional Equity</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,704,144</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,143,524</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total Regulatory Capital</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">26,418,869</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">25,176,267</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Capital Ratios</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Primary capital to risk-weighted assets (Tier 1)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10.05%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10.15%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Secondary capital to risk-weighted assets </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.42%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.03%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Technical capital to risk-weighted assets (Tier 2)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">13.47%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">14.18%</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The tables below set out the remaining contractual maturities of the Group&#8217;s financial guarantees</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 40.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">0 - 1 Year</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1- 3 Years</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3- 5 Years</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">More than 5 years</div></div></div></td></tr><tr><td colspan="5" style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Financial guarantees</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,370,845</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,426,992</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">277,710</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">177,828</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 40.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">0 - 1 Year</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1- 3 Years</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3- 5 Years</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">More than 5 years</div></div></div></td></tr><tr><td colspan="5" style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Financial guarantees</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,137,205</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,224,061</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">149,238</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">191,139</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The tables below set out the remaining contractual maturities of principal and interest balances of the Bank&#8217;s financial liabilities:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Contractual maturities of financial liabilities December 31, 2018</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 46.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Financial Liabilities</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">0 - 1 Year</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1- 3 Years</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3- 5 Years</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">More than 5 years</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Demand deposit from customers</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">85,275,330</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Time deposits from customers</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">39,104,963</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">14,120,231</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,096,152</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,037,330</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Interbank deposits-Repurchase agreements </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,132,911</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">531,734</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Borrowings from other financial institutions</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">11,149,381</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,952,158</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,158,784</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,844,290</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Debt securities in issue</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,721,909</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,078,228</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,489,901</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,813,722</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Derivative financial instruments</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">636,410</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">101,836</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">391,930</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">240,727</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total financial liabilities</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">143,020,904</div></div></div></td><td style="background: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-left: none; border-right: none; border-top: 1pt solid rgb(0, 0, 0); padding: 0px 3.5pt; vertical-align: middle; text-align: right;">&#160;<div style="color:#0070c0;;display:inline;"><div style="font-weight:bold;display:inline;width:100%;">25,784,187</div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">14,136,767</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">9,936,069</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Contractual maturities of financial liabilities December 31, 2017</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 46.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Financial Liabilities</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">0 - 1 Year</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1- 3 Years</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3- 5 Years</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">More than 5 years</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Demand deposit from customers</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">77,997,629</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Time deposits from customers</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">37,755,690</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,085,796</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,053,016</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,134,245</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Interbank deposits - Repurchase agreements </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,861,258</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">524,880</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Borrowings from other financial institutions</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,709,585</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,824,456</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,379,194</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,961,015</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Debt securities in issue</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,210,313</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,676,708</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,460,302</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,050,023</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Derivative financial instruments</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">670,817</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">117,485</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">383,380</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">229,804</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total financial liabilities</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">132,205,292</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">21,229,325</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">16,275,892</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">12,375,087</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The tables below set out the remaining contractual maturities of principal and interest balances of the Group&#8217;s financial assets:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Contractual maturities of financial assets December 31, 2018</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 46.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Financial Assets</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">0 - 1 Year</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1- 3 Years</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3- 5 Years</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">More than 5 years</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Cash and balances with central bank</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">15,833,017</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Interbank borrowings - Repurchase agreements</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,965,646</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Financial assets investments</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,512,098</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,557,121</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,585,777</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,608,511</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Loans and advances to customers</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">61,653,720</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">52,485,542</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">33,393,032</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">59,347,861</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Derivative financial instruments</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,073,804</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">174,475</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">486,746</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">247,268</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total financial assets</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">89,038,285</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">57,217,138</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">36,465,555</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">63,203,640</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Contractual maturities of financial assets December 31, 2017</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 46.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Financial Assets</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">0 - 1 Year</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1- 3 Years</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3- 5 Years</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">More than 5 years</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Cash and balances with central bank</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">15,542,195</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Interbank borrowings - Repurchase agreements</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,805,467</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Financial assets investments</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,706,487</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,258,546</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,107,856</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,931,710</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Loans and advances to customers</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">54,997,084</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">50,519,957</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">29,659,278</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">50,569,611</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Derivative financial instruments</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">804,392</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">176,490</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">405,710</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">233,762</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total financial assets</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">80,855,625</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">55,954,993</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">33,172,844</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">52,735,083</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table shows the liquid assets held by Bank&#180;s:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 60.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Liquid Assets</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">High quality liquid assets*</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Cash</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">15,370,693</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">14,793,855</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">High quality liquid securities</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9,268,481</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,963,343</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Other Liquid Assets</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Other securities**</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,867,576</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,617,158</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total Liquid Assets</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">26,506,750</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">24,374,356</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-align: justify; text-indent: -0.13in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Feature possesses the high liquidity available in all cases, and those liquid assets received by the Central Bank for its operations expansion and monetary contraction. Liquid assets are adjusted by a haircut. The following are considered as liquid assets: cash, repos held for trading and investments held for trading in listed shares in Colombia&#8217;s stock exchange, in investment funds units or in other trading debt instruments.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.06in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">*</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">High-quality liquid assets</div></div></div><div style="white-space: pre-line; color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">: </div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">cash&#160;and shares that are eligible to be reportable or repo operations, in addition to those liquid assets that the Central Bank receives for its monetary expansion and contraction operations described in paragraph 3.1.1 of the Foreign Regulatory Circular DODM-142 of the Bank of the Republic.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal; font-weight: normal; margin-bottom: 0px; margin-top: 0px;"><div style="font-weight:bold;display:inline;">&#160;</div></div></td></tr><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">**</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Other Securities</div></div></div><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">:</div></div></div><div style="white-space: pre-line; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"> Securities issued by financial and corporate entities.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> The liquidity coverage ratio is presented as follows:<table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 60.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Liquidity Coverage Ratio&#160;&#160;</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Net cash outflows into 30 days*</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,004,662</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,122,512</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Liquid Assets </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">26,506,750</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">24,374,356</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Liquidity coverage ratio</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">372.48%</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">475.83%</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-align: justify; text-indent: -0.13in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">*</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Net cash outflows into 30 days:</div></div></div><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"> (Interbank borrowings, Financial assets investments, Loans and advances to customers, Derivative financial instruments), minus&#160;30 days contractual maturities of liabilities. Demand deposit Time deposits, Interbank deposits Borrowings from other financial institutions Debt instruments, Derivative financial instruments.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Table 2. Share Price Sensitivity</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 56.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 2.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 2.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Fair Value</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">163,136</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">146,667</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Delta</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">14,7%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">14.70%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Sensitivity</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">23,981</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">21,560</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="background: #ffffff;font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The chart below provides information about Bancolombia&#8217;s interest rate risk sensitivity in local currency (COP) at December 31, 2018 and 2017:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 60.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td colspan="3" style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Assets sensitivity 50 bps</div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">361,427</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">346,000</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Liabilities sensitivity 50 bps</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">185,477</div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">180,714</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net interest income sensitivity50 bps</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">175,950</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">165,286</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="background: #ffffff;font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The chart below provides information about Bancolombia&#8217;s interest rate risk sensitivity in foreign currency (US dollars) at December 31, 2018 and 2017:</div></div><div style="background: none; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 60.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td colspan="3" style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of USD</div></div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Assets sensitivity 50 bps</div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">39</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">38</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Liabilities sensitivity 50 bps</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">36</div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">30</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net interest income sensitivity50 bps</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">8</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table presents the total change on market risk and every risk factor.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="5" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="text-decoration:underline;display:inline;"><div style="font-weight:bold;display:inline;">December 2018</div></div></div></div></td></tr><tr><td colspan="5" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="text-decoration:underline;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 40.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="text-decoration:underline;display:inline;"><div style="font-weight:bold;display:inline;">Factor</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="text-decoration:underline;display:inline;"><div style="font-weight:bold;display:inline;">December 31</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="text-decoration:underline;display:inline;"><div style="font-weight:bold;display:inline;">Average</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="text-decoration:underline;display:inline;"><div style="font-weight:bold;display:inline;">Maximum</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="text-decoration:underline;display:inline;"><div style="font-weight:bold;display:inline;">Minimum</div></div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Interest Rate</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">249,070</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">241,602</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">317,524</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">204,478</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Exchange Rate</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">909,648</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">712,435</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">909,648</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">563,322</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Share Price</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">91,847</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">103,127</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">112,372</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">91,847</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Collective Portfolios</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">196,819</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">192,920</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">198,227</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">187,842</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total Value at Risk</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,447,384</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,250,084</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,447,384</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,108,052</div></div></div></td></tr><tr><td colspan="5" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="text-decoration:underline;display:inline;"><div style="font-weight:bold;display:inline;">December 2017</div></div></div></div></td></tr><tr><td colspan="5" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="text-decoration:underline;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="text-decoration:underline;display:inline;"><div style="font-weight:bold;display:inline;">Factor</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="text-decoration:underline;display:inline;"><div style="font-weight:bold;display:inline;">December 31</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="text-decoration:underline;display:inline;"><div style="font-weight:bold;display:inline;">Average</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="text-decoration:underline;display:inline;"><div style="font-weight:bold;display:inline;">Maximum</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="text-decoration:underline;display:inline;"><div style="font-weight:bold;display:inline;">Minimum</div></div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Interest Rate</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">283,548</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">289,811</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">303,876</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">269,572</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Exchange Rate</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">559,362</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">488,395</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">883,924</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">330,108</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Share Price</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">70,758</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">76,632</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">84,059</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">70,758</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Collective Portfolios</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">173,236</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">156,335</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">174,373</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">34,558</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total Value at Risk</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,086,904</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,011,173</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,406,514</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">877,348</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The VaR model uses a sensitivity factor to calculate the probability of loss due to fluctuations in the price of stocks, funds and currencies in which the Bank maintains a position. As previously indicated, the methodology used in these financial statements to measure such risk consists of computing VaR, which is derived by multiplying the position by the maximum probable variation in the price of such positions (&#8220;&#8710;p&#8221;). The (&#8220;&#8710;p&#8221;) is determined by the SFC, as shown in the following table:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 45%;;margin-left :auto;margin-right :auto;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 50.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Currency</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 50.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Sensitivity Factor</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 0;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">United States Dollar</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,49%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 0;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Euro</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">11.00%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 0;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Other currencies</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">13.02%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 0;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Equity and Fund Risk</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">14.70%</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 1009573000000 120520000000 43216000000 29320000000 2380000000 46000000 2734000000 3408000000 1859000000 1213056000000 0 1831729000000 192242000000 183898000000 111933000000 311528000000 20225000000 111236000000 17432000000 1129000000 2781352000000 -149000000 0 0 0 0 0 0 0 -4583000000 168756000000 0 168756000000 <div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td rowspan="2" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; text-indent: 0.44in; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Zone</div></div></div></td><td rowspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Band</div></div></div></td><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Modified Duration</div></div></div></td><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Changes in Interest Rates (bps)</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Lower Limit</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Upper Limit</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Legal Currency</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">UVR</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Foreign Currency</div></div></div></td></tr><tr><td rowspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 22.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Zone 1</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.08</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">274</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">274</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100</div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.08</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.25</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">268</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">274</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100</div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.25</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.5</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">259</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">274</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.5</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">233</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">274</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100</div></div></td></tr><tr><td rowspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Zone 2</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.9</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">222</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">250</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">90</div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.9</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.8</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">222</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">250</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">80</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.8</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.6</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">211</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">220</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">75</div></div></td></tr><tr><td rowspan="8" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Zone 3</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.6</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.3</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">211</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">220</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">75</div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.3</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.7</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">172</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">200</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">70</div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.7</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.3</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">162</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">170</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">65</div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">11</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.3</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9.3</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">162</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">170</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60</div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9.3</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10.6</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">162</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">170</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60</div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">13</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10.6</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">162</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">170</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60</div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">14</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">20</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">162</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">170</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">15</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">20</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">162</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">170</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 173339000000 <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Risk exposure by economic sector and risk region</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Debt instruments</div></div></div></td><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Equity</div></div></div></td><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Derivatives</div><div style="vertical-align: super;font-size: smaller;display:inline;">2</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 34.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 10.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 9.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td></tr><tr><td colspan="2" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Maximum Exposure to Credit Risk</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Sector Concentration</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 0;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Corporate</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,179,751</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,020,087</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,064,268</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,340,844</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">276,721</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">95,138</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 0;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Financial</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">805,863</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,054,303</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">543,256</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">91,904</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">520,026</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">317,232</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 0;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Government</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">11,757,757</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,785,033</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 0;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Funds and&#160;ETF</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2159</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">32,425</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">87,565</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">97,254</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">45,570</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">15,745,530</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">14,859,423</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,639,949</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,520,313</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">894,001</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">457,940</div></div></div></td></tr><tr><td colspan="7" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Concentration by Region</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 0;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">North America</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,569,943</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">710,592</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,472</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,658</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">279,132</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">130,303</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 0;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Latam</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">14,175,587</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,643,832</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,613,783</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,494,750</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">475,243</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">294,237</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 0;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Europe</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">119,126</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">33,400</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 18.0pt;padding-right: 0;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Others (Includes Funds and ETF)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,504,999</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">24,694</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">16,905</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">20,501</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">15,745,530</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">14,859,423</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,639,949</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,520,313</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">894,002</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">457,940</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 1pt; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 1pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;">&#160;</div><div style="margin-top: 3pt; margin-bottom: 3pt; margin-left: 0in;"><div style="border-top: 1pt solid rgb(0, 0, 0); width: 25%; font-size: 2pt;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">1</div> </div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">GMRA: It is a model legal agreement designed for parties transacting repos and is published by the&#160;International Capital Market Association (ICMA), which is the body representing the&#160;bond and repo markets in Europe.</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">2 </div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">For derivatives transactions counterparty risk is disclosed as long as the valuation is positive. Therefore, the value described here differs from the book value.</div></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 2841302000000 312762000000 227114000000 141253000000 313908000000 20271000000 113970000000 20840000000 2988000000 3994408000000 -149000000 <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Risk exposure by credit rating</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: right; background: none;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 60%;;margin-left :auto;margin-right :auto;"><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td colspan="2" style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Other financial instruments</div></div></div></td></tr><tr><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 70.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td></tr><tr><td colspan="3" style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Maximum Exposure to Credit Risk</div></div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Sovereign Risk</div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,879,344</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,939,944</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">AAA</div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,304,103</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,901,870</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">AA+</div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">398,479</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">190,464</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">AA</div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">22,615</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">91,636</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">AA-</div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">180,757</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60,422</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">A+</div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">23,800</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">96,822</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">A</div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">328,597</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">86,607</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">A-</div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">163,235</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">580,138</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">BBB+</div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">73,101</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">236,613</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">BBB</div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,133,247</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,129,321</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">BBB-</div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">704,216</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">292,296</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Otros</div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,061,126</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,191,307</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Not rated</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,006,858</div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,040,235</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">18,279,478</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">16,837,675</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: symbol; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#61623;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Maximum exposure level to the credit risk given for:</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Maximum Exposure</div></div></div></td><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Collateral *</div></div></div></td><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net Exposure</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 28.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td></tr><tr><td colspan="7" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Maximum Exposure to Credit Risk</div></div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Debt instruments</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">15,745,530</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">14,859,423</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,352,276)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,741,345)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">13,393,254</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,118,078</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Derivatives **</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">894,001</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">457,940</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(97)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(125,902)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">893,905</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">332,038</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Equity</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,639,949</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,520,313</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,639,949</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,520,313</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">18,279,480</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">16,837,676</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(2,352,373)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(2,867,247)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">15,927,108</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">13,970,429</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">See Notes on this table:</div></div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 0.3pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">*</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Collateral Held (-) and Collateral Pledged (+)</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 0.3pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">**</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Exposure in Derivatives with base in MTM (only positive values), netting by counterparty is applied</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 1pt; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 7.2pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">*</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Debt instruments Book value 100%</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 1pt; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 7.2pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">*</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Equity Instruments:</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 1pt; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Shares:100%</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 1pt; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Investment funds: Book value 100%</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: symbol; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#61623;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">The information corresponding to the individual evaluation of impairment at the end of the period for other financial instruments, is detailed as follows:</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; text-indent: -0.25in; background: none;"><div style="white-space: pre-line; color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Debt instruments</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Exposure</div></div></div></td><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Impairment</div></div></div></td><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Final Exposure</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 28.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td></tr><tr><td colspan="7" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Maximum Exposure to Credit Risk</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Fair Value</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,251,872</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,701,855</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,053</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,248,819</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,701,855</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Amortized Cost</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,493,657</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,158,766</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">11,730</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,198</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,481,928</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,157,568</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">15,745,529</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">14,860,621</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">14,783</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,198</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">15,730,747</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">14,859,423</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Equity</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Exposure</div></div></div></td><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Impairment</div></div></div></td><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Final Exposure</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 28.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td></tr><tr><td colspan="7" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Maximum Exposure to Credit Risk</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Fair Value through profit or loss</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,101,461</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">990,788</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,101,461</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">990,788</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Fair Value through OCI</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">538,487</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">529,525</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">538,487</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">529,525</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,639,948</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,520,313</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,639,948</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,520,313</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> -173339000000 <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Credit Quality Analysis of the Group</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td rowspan="2" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Debt instruments</div></div></div></td><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Equity</div></div></div></td><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Derivatives</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(1)</div></div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td></tr><tr><td colspan="7" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Maximum Exposure to Credit Risk</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 28.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Low Risk</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,994,432</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,475,888</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">349,425</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">780,870</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">867,639</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">349,375</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Medium Risk</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,639,484</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,842,454</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,749</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">135</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">181</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">High Risk</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">412,834</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">336,054</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6496</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,939</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">429</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,679</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Without Rating</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">698,781</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">205,027</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,282,278</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">728,504</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">25,798</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">106,705</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">15,745,531</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">14,859,423</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,639,948</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,520,313</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">894,001</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">457,940</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-align: justify; text-indent: -0.13in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">&#160;</div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">(1)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">For derivatives transactions counterparty risk is disclosed as long as the valuation is positive. Therefore, the value described here differs from the book value.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;">The following table shows the concentration of the loans and financial leases by country. Loans are presented based on the country in which they were originated:</div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="5" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 40.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Country</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Loans and advances</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">% Participation</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Allowance for loans and</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">advances and lease losses</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">% Participation</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Colombia&#160;</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">119,674,770</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">68.85%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,402,751</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">82.09%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Panama</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">32,299,274</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">18.58%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">910,268</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.89%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">El Salvador</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,590,571</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6.09%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">465,122</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.54%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Puerto Rico</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">889,528</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.51%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">29,041</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.29%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Guatemala </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,352,272</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.96%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">427,747</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.18%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Other countries</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,701</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.01%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">902</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.01%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">173,819,116</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">100.0%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">10,235,831</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">100.0%</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="5" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 40.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Country</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Loans and advances</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">% Participation</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Allowance for loans and</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">advances and lease losses</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">% Participation</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Colombia</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">112,862,226</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">70.30%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,164,085</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">87.10%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Panama</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">28,722,853</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">17.90%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">507,181</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6.20%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">El Salvador</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9,120,415</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.70%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">358,258</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.40%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Puerto Rico</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">847,767</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.50%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">14,941</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.20%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Guatemala </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,902,627</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.50%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">177,895</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.10%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Other countries</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,206</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.10%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">743</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">160,468,094</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">100.00%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">8,223,103</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">100.00%</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;">The following table contains the detail of the credit portfolio of loans and financial leases by main economic activity of the borrower:</div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="5" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td></tr><tr><td colspan="2" rowspan="2" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Economic sector</div></div></div></td><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Loans and advances</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Local</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Foreign </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td colspan="2" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Agriculture</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,804,075</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,548,078</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,352,153</div></div></td></tr><tr><td colspan="2" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Petroleum and Mining Products</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,082,816</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">181,789</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,264,605</div></div></td></tr><tr><td colspan="2" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Food, Beverages and Tobacco</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,865,111</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">320,596</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,185,707</div></div></td></tr><tr><td colspan="2" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Chemical Production</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,566,746</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,561</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,579,307</div></div></td></tr><tr><td colspan="2" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Government</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,457,944</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">79,133</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,537,077</div></div></td></tr><tr><td colspan="2" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Construction</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">14,508,354</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,513,212</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">20,021,566</div></div></td></tr><tr><td colspan="2" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Commerce and Tourism</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">16,928,137</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,641,117</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">24,569,254</div></div></td></tr><tr><td colspan="2" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Transport and Communications</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,331,727</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">865,257</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9,196,984</div></div></td></tr><tr><td colspan="2" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Public Services</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,007,483</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">966,764</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,974,247</div></div></td></tr><tr><td colspan="2" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Consumer Services</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">35,886,645</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">20,813,390</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">56,700,035</div></div></td></tr><tr><td colspan="2" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Commercial Services</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">17,041,170</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,540,572</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">22,581,742</div></div></td></tr><tr><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Other Industries and Manufactured Products</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,978,092</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,878,347</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">11,856,439</div></div></td></tr><tr><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">123,458,300</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">50,360,816</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">173,819,116</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;width: 54.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;width: 1.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="5" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td colspan="2" rowspan="2" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Economic sector</div></div></div></td><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Loans and advances</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Local</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Foreign </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td colspan="2" style="border-bottom: none; border-left: 1pt solid rgb(0, 0, 0); border-right: none; border-top: none; padding: 0px 5.4pt; vertical-align: middle; width: 55%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Agriculture</div></div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 5.4pt; vertical-align: middle; width: 15%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,533,671</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 5.4pt; vertical-align: middle; width: 15%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,171,525</div></div></td><td style="border-bottom: none; border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 5.4pt; vertical-align: middle; width: 15%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,705,196</div></div></td></tr><tr><td colspan="2" style="border-bottom: none; border-left: 1pt solid rgb(0, 0, 0); border-right: none; border-top: none; padding: 0px 5.4pt; vertical-align: middle; width: 55%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Petroleum and Mining Products</div></div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 5.4pt; vertical-align: middle; width: 15%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">909,127</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 5.4pt; vertical-align: middle; width: 15%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">65,991</div></div></td><td style="border-bottom: none; border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 5.4pt; vertical-align: middle; width: 15%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">975,118</div></div></td></tr><tr><td colspan="2" style="border-bottom: none; border-left: 1pt solid rgb(0, 0, 0); border-right: none; border-top: none; padding: 0px 5.4pt; vertical-align: middle; width: 55%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Food, Beverages and Tobacco</div></div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 5.4pt; vertical-align: middle; width: 15%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,640,910</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 5.4pt; vertical-align: middle; width: 15%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">808,493</div></div></td><td style="border-bottom: none; border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 5.4pt; vertical-align: middle; width: 15%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,449,403</div></div></td></tr><tr><td colspan="2" style="border-bottom: none; border-left: 1pt solid rgb(0, 0, 0); border-right: none; border-top: none; padding: 0px 5.4pt; vertical-align: middle; width: 55%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Chemical Production</div></div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 5.4pt; vertical-align: middle; width: 15%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,341,248</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 5.4pt; vertical-align: middle; width: 15%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">172,763</div></div></td><td style="border-bottom: none; border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 5.4pt; vertical-align: middle; width: 15%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,514,011</div></div></td></tr><tr><td colspan="2" style="border-bottom: none; border-left: 1pt solid rgb(0, 0, 0); border-right: none; border-top: none; padding: 0px 5.4pt; vertical-align: middle; width: 55%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Government</div></div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 5.4pt; vertical-align: middle; width: 15%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,780,686</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 5.4pt; vertical-align: middle; width: 15%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">151,879</div></div></td><td style="border-bottom: none; border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 5.4pt; vertical-align: middle; width: 15%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,932,565</div></div></td></tr><tr><td colspan="2" style="border-bottom: none; border-left: 1pt solid rgb(0, 0, 0); border-right: none; border-top: none; padding: 0px 5.4pt; vertical-align: middle; width: 55%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Construction</div></div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 5.4pt; vertical-align: middle; width: 15%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">15,464,605</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 5.4pt; vertical-align: middle; width: 15%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,164,321</div></div></td><td style="border-bottom: none; border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 5.4pt; vertical-align: middle; width: 15%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">20,628,926</div></div></td></tr><tr><td colspan="2" style="border-bottom: none; border-left: 1pt solid rgb(0, 0, 0); border-right: none; border-top: none; padding: 0px 5.4pt; vertical-align: middle; width: 55%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Commerce and Tourism</div></div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 5.4pt; vertical-align: middle; width: 15%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">17,115,018</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 5.4pt; vertical-align: middle; width: 15%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,520,546</div></div></td><td style="border-bottom: none; border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 5.4pt; vertical-align: middle; width: 15%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">23,635,564</div></div></td></tr><tr><td colspan="2" style="border-bottom: none; border-left: 1pt solid rgb(0, 0, 0); border-right: none; border-top: none; padding: 0px 5.4pt; vertical-align: middle; width: 55%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Transport and Communications</div></div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 5.4pt; vertical-align: middle; width: 15%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,307,712</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 5.4pt; vertical-align: middle; width: 15%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">602,962</div></div></td><td style="border-bottom: none; border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 5.4pt; vertical-align: middle; width: 15%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,910,674</div></div></td></tr><tr><td colspan="2" style="border-bottom: none; border-left: 1pt solid rgb(0, 0, 0); border-right: none; border-top: none; padding: 0px 5.4pt; vertical-align: middle; width: 55%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Public Services</div></div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 5.4pt; vertical-align: middle; width: 15%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,180,634</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 5.4pt; vertical-align: middle; width: 15%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,472,215</div></div></td><td style="border-bottom: none; border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 5.4pt; vertical-align: middle; width: 15%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,652,849</div></div></td></tr><tr><td colspan="2" style="border-bottom: none; border-left: 1pt solid rgb(0, 0, 0); border-right: none; border-top: none; padding: 0px 5.4pt; vertical-align: middle; width: 55%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Consumer Services</div></div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 5.4pt; vertical-align: middle; width: 15%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">31,367,376</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 5.4pt; vertical-align: middle; width: 15%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">16,719,168</div></div></td><td style="border-bottom: none; border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 5.4pt; vertical-align: middle; width: 15%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">48,086,544</div></div></td></tr><tr><td colspan="2" style="border-bottom: none; border-left: 1pt solid rgb(0, 0, 0); border-right: none; border-top: none; padding: 0px 5.4pt; vertical-align: middle; width: 55%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Commercial Services</div></div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 5.4pt; vertical-align: middle; width: 15%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">16,248,665</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 5.4pt; vertical-align: middle; width: 15%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,993,836</div></div></td><td style="border-bottom: none; border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 5.4pt; vertical-align: middle; width: 15%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">20,242,501</div></div></td></tr><tr><td colspan="2" style="border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); border-right: none; border-top: none; padding: 0px 5.4pt; vertical-align: middle; width: 55%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Other Industries and Manufactured Products</div></div></div></td><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-left: none; border-right: none; border-top: none; padding: 0px 5.4pt; vertical-align: middle; width: 15%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,367,961</div></div></td><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-left: none; border-right: none; border-top: none; padding: 0px 5.4pt; vertical-align: middle; width: 15%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,366,782</div></div></td><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 5.4pt; vertical-align: middle; width: 15%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,734,743</div></div></td></tr><tr><td colspan="2" style="border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); border-right: none; border-top: none; padding: 0px 5.4pt; vertical-align: middle; width: 55%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-left: none; border-right: none; border-top: none; padding: 0px 5.4pt; vertical-align: middle; width: 15%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">117,257,613</div></div></div></td><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-left: none; border-right: none; border-top: none; padding: 0px 5.4pt; vertical-align: middle; width: 15%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">43,210,481</div></div></div></td><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 5.4pt; vertical-align: middle; width: 15%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">160,468,094</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="border-bottom: solid #ffffff 1.0pt;border-left: none;border-right: none;border-top: none;"><div style="font-family: 'times new roman', 'serif';font-size: 16pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 16pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">NOTE 8. GOODWILL AND INTANGIBLE ASSETS, NET</div></div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Intangibles assets and goodwill net are as follows:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 52.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: center; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 24.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 24.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Intangible assets</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">563,452</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">535,465</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Goodwill</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,638,403</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,095,959</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">7,201,855</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">6,631,424</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">8.1. Intangible assets</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table sets forth the Bank's intangible assets as of December 31, 2018 and 2017, including the reconciliation of initial and final balances of the cost and accrued amortization:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2018</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 40.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Cost</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Trademarks</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Licenses, software </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">and computer </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">applications</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Client </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">relationships</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td></tr><tr><td colspan="5" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Balance at January 1, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">17,642</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">526,923</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">344,020</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">888,585</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Acquisitions</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">133,376</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">133,376</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;Write off&#160;&#160;</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(29,663)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(29,663)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Foreign currency translation adjustment</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,571</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">23,758</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">30,638</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">55,967</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Balance at December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">19,213</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">654,394</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">374,658</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,048,265</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 40.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Amortization</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Trademarks</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Licenses, software </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">and computer </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">applications</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Client </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">relationships</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td></tr><tr><td colspan="5" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Balance at January 1, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(5,040)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(203,554)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(144,526)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(353,120)</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Write off</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">25,929</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">25,929</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Amortization expense</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,497)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(64,204)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(56,850)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(123,551)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Foreign currency translation adjustment</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(697)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(14,865)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(18,509)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(34,071)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Balance at December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(8,234)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(256,694)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(219,885)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(484,813)</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 40.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Intangible assets at December 31, 2018, net</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;width: 15.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;10,979 </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;width: 15.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;397,700 </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;width: 15.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;154,773 </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;width: 15.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;563,452 </div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2017</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 40.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Cost</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Trademarks</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Licenses, software </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">and computer </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">applications</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Client </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">relationships</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td></tr><tr><td colspan="5" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Balance at January 1, 2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">17,741</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">481,643</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">345,946</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">845,330</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Acquisitions</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">70,681</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">70,681</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;Write off&#160;&#160;</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(24,296)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(24,296)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Foreign currency translation adjustment</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(99)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,105)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,926)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(3,130)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Balance at December 31, 2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">17,642</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">526,923</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">344,020</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">888,585</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.5in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 40.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Amortization</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Trademarks</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Licenses, software </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">and computer </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">applications</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Client </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">relationships</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td></tr><tr><td colspan="5" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Balance at January 1, 2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(2,533)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(200,995)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(77,860)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(281,388)</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Write off</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">44,690</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">44,690</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Amortization expense</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,493)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(47,698)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(66,561)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(116,752)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Foreign currency translation adjustment</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(14)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">449</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(105)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">330</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Balance at December 31, 2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(5,040)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(203,554)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(144,526)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(353,120)</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 40.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Intangible assets at December 31, 2017, net</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;width: 15.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); 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font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">As of December 31, 2018 and 2017, the assessment made by the Bank indicates there is no evidence of impairment of intangible assets.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">As of December 31, 2018 and 2017, the Bank does not have intangible assets with restricted ownership, intangible assets pledged as collateral or contractual agreements for the acquisition of this class of assets.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Research and development costs related to software development</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">During the period ending at December 31, 2018, 2017 and 2016, the Bank incurred in costs that are directly related to software development amounted to COP 78,222, COP 105,145 and COP 16,715. These costs were the result of the analysis and design and implementation of the transformation projects, the most representative of which are: change in core collections, transactional switch, adoption of IFRS 9, change in core banking correspondents. The expenses were recorded mainly as fees paid in the line &#8216;Other administrative and general expenses&#8217; of the consolidated statement of income.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Intangibles which did not meet the criteria to be recognized as assets</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">During the period ended December 31, 2018, 2017 and 2016, the Bank has recognized in the consolidated statement of income the amount of COP 41,690, COP 23,180 and 16,217, related to expenditures which were not recognized as intangible assets. These expenses were not recorded as assets due to the lack of characterists to be reliably identifiable, and those assets do not support critical processes to be recognized as intangible assets.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">8.2</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Goodwill</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table sets forth an analysis of the activity in the goodwill account:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 52.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 24.0%;"><div style="font-family: &quot;times new roman&quot;, serif; text-align: right; line-height: normal; font-size: 10pt;"><div style="font-weight:bold;display:inline;width:100%;">December 31, 2018</div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;&#160;&#160;</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 24.0%;"><div style="font-family: &quot;times new roman&quot;, serif; text-align: right; font-size: 10pt;">&#160;<div style="font-size:10pt;;display:inline;"><div style="font-weight:bold;display:inline;width:100%;"><div style="font-family:times new roman,times,serif;;display:inline;">December 31, 2017</div>&#160;&#160;&#160;</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Balance at beginning of the year, net</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); 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font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Effect of change in foreign exchange rate</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">542,444</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(34,136)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Balance at end of the year, net</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); 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font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank tests goodwill recognized as a result of business combinations for impairment at least annually using a process that begins with an estimation of the recoverable amount of a group of cash-generation units equal to the operating&#160;segment. Recoverable amount is determined by management by reference to market value, if available, by pricing models, or with the assistance of a valuation specialist. Determination of recoverable amount requires management to make assumptions and use estimates to forecast cash flow for periods that are beyond the normal requirements of management reporting; the assessment of the appropriate discount rate; estimation of the recoverable amount of cash-generation units; and the valuation of the separable assets of each business whose goodwill is being reviewed. The key assumptions used by management in determining the recoverable amount are:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;width: 22.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Operating segment</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;width: 17.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Goodwill 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;width: 18.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Valuation Methodology</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;width: 13.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Key Assumptions</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Discount Rate</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(real)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Growth rate</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(real)</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Banking El Salvador</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">COP 916,673</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Discounted Cash flow</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5 years plan</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12.40%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.90%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Banking Panama</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">COP 4,963,252</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Discounted Cash flow</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5 years plan</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9.10%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6.70%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Banking Guatemala </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">COP 758,478</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Discounted Cash flow</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5 years plan</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">11.70%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.20%</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">In 2018 and 2017, the Bank tested the aforementioned goodwill for impairment purposes at operating segment levels: Banking Panama, Banking El Salvador and Banking Guatemala. Each operating segment represent a group of cash generating units. Evaluating the goodwill impairment at an operating segment level ensure the alignment with the approach used by the CODM (Chief Operating Decision Maker) to make decisions about resources to be allocated to the segments and assess its performance.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Sensitivity analysis:</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">In order to assess the impact of changes in certain significant inputs as the discount rate and the growth rate in the operating segments&#8217; recoverable amount, the Bank made a sensitivity analysis of these inputs through the definition of alternative scenarios with their future evolution. The tables below present the changes in the estimated recoverable value of each operating segment obtained as a result of sensitivity analysis:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2018</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking Panama</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td rowspan="2" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Growth rate</div></div></div></td><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Discount rate</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">9.35%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">9.10%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">8.85%</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 31.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">6.70%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 25.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">COP 10,044,682</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 20.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">COP 11,157,929</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 24.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">COP 12,531,296</div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td rowspan="2" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Discount rate</div></div></div></td><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Growth rate</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">6.45%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">6.70%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">6.95%</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">9.10%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">COP 10,458,284</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">COP 11,157,929</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">COP 12,020,283</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking El Salvador</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td rowspan="2" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Growth rate</div></div></div></td><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Discount rate</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">12.65%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">12.40%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">12.15%</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 31.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3.90%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 25.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">COP 2,893,147</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 20.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">COP 2,975,432</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 24.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">COP 3,062,694</div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td rowspan="2" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Discount rate</div></div></div></td><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Growth rate</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3.65%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3.90%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">4.15%</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">12.40%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">COP 2,945,601</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">COP 2,975,432</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">COP 3,007,065</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking Guatemala</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td rowspan="2" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Growth rate</div></div></div></td><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Discount rate</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">11.95%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">11.70%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">11.45%</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 31.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5.20%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 25.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">COP 1,649,883</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 20.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">COP 1,719,017</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 24.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">COP 1,793,745</div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td rowspan="2" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Discount rate</div></div></div></td><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Growth rate</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">4.95%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5.20%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5.45%</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">11.70%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">COP 1,684,998</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">COP 1,719,017</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">COP 1,755,758</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2017</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking Panama</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td rowspan="2" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Growth rate</div></div></div></td><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Discount rate</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">9.15%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">8.90%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">8.65%</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 31.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">6.70%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 25.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">COP 9,750,408</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 20.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">COP 10,939,812</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 24.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">COP 12,435,319</div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td rowspan="2" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Discount rate</div></div></div></td><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Growth rate</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">6.45%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">6.70%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">6.95%</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">8.90%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">COP 10,161,356</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">COP 10,939,812</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;COP 11,917,875</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking El Salvador</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td rowspan="2" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Growth rate</div></div></div></td><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Discount rate</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">12.55%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">12.30%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">12.05%</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 31.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3.40%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 25.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">COP 2,520,931</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 20.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">COP 2,588,656</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 24.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">COP 2,660,269</div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td rowspan="2" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Discount rate</div></div></div></td><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Growth rate</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3.15%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3.40%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3.65%</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">12.30%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">COP 2,564,330</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">COP 2,588,656</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">COP 2,614,375</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking Guatemala</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td rowspan="2" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Growth rate</div></div></div></td><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Discount rate</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">11.55%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">11.30%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">11.05%</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 31.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5.30%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 25.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">COP 2,239,238</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 20.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">COP 2,339,936</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 24.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">COP 2,449,482</div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td rowspan="2" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Discount rate</div></div></div></td><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Growth rate</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5.05%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5.30%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5.55%</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">11.30%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">COP 2,295,042</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">COP 2,339,936</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">COP 2,388,737</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank considers goodwill as an asset with indefinite useful life.</div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Intangibles assets and goodwill net are as follows:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 52.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: center; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 24.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 24.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Intangible assets</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">563,452</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">535,465</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Goodwill</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,638,403</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,095,959</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">7,201,855</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">6,631,424</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table sets forth the Bank's intangible assets as of December 31, 2018 and 2017, including the reconciliation of initial and final balances of the cost and accrued amortization:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2018</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 40.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Cost</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Trademarks</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Licenses, software </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">and computer </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">applications</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Client </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">relationships</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td></tr><tr><td colspan="5" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Balance at January 1, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">17,642</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">526,923</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">344,020</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">888,585</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Acquisitions</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">133,376</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">133,376</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;Write off&#160;&#160;</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(29,663)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(29,663)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Foreign currency translation adjustment</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,571</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">23,758</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">30,638</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">55,967</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Balance at December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">19,213</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">654,394</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">374,658</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,048,265</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 40.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Amortization</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Trademarks</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Licenses, software </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">and computer </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">applications</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Client </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">relationships</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td></tr><tr><td colspan="5" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Balance at January 1, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(5,040)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(203,554)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(144,526)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(353,120)</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Write off</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">25,929</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">25,929</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Amortization expense</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,497)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(64,204)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(56,850)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(123,551)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Foreign currency translation adjustment</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(697)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(14,865)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(18,509)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(34,071)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Balance at December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(8,234)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(256,694)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(219,885)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(484,813)</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 40.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Intangible assets at December 31, 2018, net</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;width: 15.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;10,979 </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;width: 15.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;397,700 </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;width: 15.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;154,773 </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;width: 15.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;563,452 </div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2017</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 40.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Cost</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Trademarks</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Licenses, software </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">and computer </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">applications</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Client </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">relationships</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td></tr><tr><td colspan="5" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Balance at January 1, 2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">17,741</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">481,643</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">345,946</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">845,330</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Acquisitions</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">70,681</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">70,681</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;Write off&#160;&#160;</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(24,296)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(24,296)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Foreign currency translation adjustment</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(99)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,105)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,926)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(3,130)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Balance at December 31, 2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">17,642</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">526,923</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">344,020</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">888,585</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.5in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 40.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Amortization</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Trademarks</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Licenses, software </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">and computer </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">applications</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Client </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">relationships</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td></tr><tr><td colspan="5" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Balance at January 1, 2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(2,533)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(200,995)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(77,860)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(281,388)</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Write off</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">44,690</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">44,690</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Amortization expense</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,493)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(47,698)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(66,561)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(116,752)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Foreign currency translation adjustment</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(14)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">449</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(105)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">330</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Balance at December 31, 2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(5,040)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(203,554)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(144,526)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(353,120)</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 40.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Intangible assets at December 31, 2017, net</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;width: 15.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">12,602</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;width: 15.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">323,369</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;width: 15.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">199,494</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;width: 15.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">535,465</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table sets forth an analysis of the activity in the goodwill account:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 52.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 24.0%;"><div style="font-family: &quot;times new roman&quot;, serif; text-align: right; line-height: normal; font-size: 10pt;"><div style="font-weight:bold;display:inline;width:100%;">December 31, 2018</div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;&#160;&#160;</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 24.0%;"><div style="font-family: &quot;times new roman&quot;, serif; text-align: right; font-size: 10pt;">&#160;<div style="font-size:10pt;;display:inline;"><div style="font-weight:bold;display:inline;width:100%;"><div style="font-family:times new roman,times,serif;;display:inline;">December 31, 2017</div>&#160;&#160;&#160;</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Balance at beginning of the year, net</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">6,095,959</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">6,130,095</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Effect of change in foreign exchange rate</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">542,444</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(34,136)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Balance at end of the year, net</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">6,638,403</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">6,095,959</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;">The following table shows the loans and financial leases according to past due days. A loans or financial leases is considered past due if it is more than one month overdue (i.e. 31 days):</div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="7" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td></tr><tr><td colspan="7" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Past-due</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 28.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Period</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">0 - 30 Days</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">31 - 90 Days</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">91 - 120 Days</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">121 - 360 Days</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">More Than 360</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Days</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td colspan="6" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Commercial</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">90,804,138</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">452,890</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">152,877</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,387,364</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,803,379</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">94,600,648</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Consumer</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">30,311,854</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">701,314</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">238,540</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">638,868</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">102,805</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">31,993,381</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Mortgage</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">21,121,205</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">612,480</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">148,786</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">388,653</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">599,561</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">22,870,685</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Financial Leases</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">22,433,190</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">209,840</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">54,029</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">245,974</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">255,171</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">23,198,204</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Small Business Loan</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,008,378</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">48,849</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">16,202</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60,103</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">22,666</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,156,198</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">165,678,765</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,025,373</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">610,434</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,720,962</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,783,582</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">173,819,116</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="7" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td colspan="7" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Past-due</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 28.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Period</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">0 - 30 Days</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">31 - 90 Days</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">91 - 120 Days</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">121 - 360 Days</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">More Than 360</div></div><br/><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Days</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td colspan="6" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Commercial</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">85,747,936</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">570,412</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">130,613</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,573,899</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">974,381</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">88,997,241</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Consumer</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">25,942,380</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">764,098</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">236,509</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">584,789</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">118,338</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">27,646,114</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Mortgage</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">18,751,121</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">752,336</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">140,188</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">396,227</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">472,336</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">20,512,208</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Financial Leases</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">21,480,161</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">215,685</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">61,700</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">238,030</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">253,375</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">22,248,951</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Small Business Loan</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">916,298</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">39,178</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,753</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">70,977</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">24,374</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,063,580</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">152,837,896</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,341,709</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">581,763</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,863,922</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,842,804</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">160,468,094</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> The key assumptions used by management in determining the recoverable amount are:<table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;width: 22.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Operating segment</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;width: 17.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Goodwill 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;width: 18.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Valuation Methodology</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;width: 13.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Key Assumptions</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Discount Rate</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(real)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Growth rate</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(real)</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Banking El Salvador</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">COP 916,673</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Discounted Cash flow</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5 years plan</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12.40%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.90%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Banking Panama</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">COP 4,963,252</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Discounted Cash flow</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5 years plan</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9.10%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6.70%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Banking Guatemala </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">COP 758,478</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Discounted Cash flow</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5 years plan</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">11.70%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.20%</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2018</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking Panama</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td rowspan="2" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Growth rate</div></div></div></td><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Discount rate</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">9.35%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">9.10%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">8.85%</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 31.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">6.70%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 25.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">COP 10,044,682</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 20.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">COP 11,157,929</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 24.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">COP 12,531,296</div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td rowspan="2" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Discount rate</div></div></div></td><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Growth rate</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">6.45%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">6.70%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">6.95%</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">9.10%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">COP 10,458,284</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">COP 11,157,929</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">COP 12,020,283</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking El Salvador</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td rowspan="2" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Growth rate</div></div></div></td><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Discount rate</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">12.65%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">12.40%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">12.15%</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 31.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3.90%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 25.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">COP 2,893,147</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 20.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">COP 2,975,432</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 24.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">COP 3,062,694</div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td rowspan="2" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Discount rate</div></div></div></td><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Growth rate</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3.65%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3.90%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">4.15%</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">12.40%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">COP 2,945,601</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">COP 2,975,432</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">COP 3,007,065</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking Guatemala</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td rowspan="2" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Growth rate</div></div></div></td><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Discount rate</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">11.95%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">11.70%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">11.45%</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 31.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5.20%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 25.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">COP 1,649,883</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 20.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">COP 1,719,017</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 24.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">COP 1,793,745</div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td rowspan="2" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Discount rate</div></div></div></td><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Growth rate</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">4.95%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5.20%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5.45%</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">11.70%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">COP 1,684,998</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">COP 1,719,017</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">COP 1,755,758</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2017</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking Panama</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td rowspan="2" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Growth rate</div></div></div></td><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Discount rate</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">9.15%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">8.90%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">8.65%</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 31.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">6.70%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 25.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">COP 9,750,408</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 20.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">COP 10,939,812</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 24.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">COP 12,435,319</div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td rowspan="2" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Discount rate</div></div></div></td><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Growth rate</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">6.45%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">6.70%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">6.95%</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">8.90%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">COP 10,161,356</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">COP 10,939,812</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;COP 11,917,875</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking El Salvador</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td rowspan="2" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Growth rate</div></div></div></td><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Discount rate</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">12.55%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">12.30%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">12.05%</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 31.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3.40%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 25.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">COP 2,520,931</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 20.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">COP 2,588,656</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 24.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">COP 2,660,269</div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td rowspan="2" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Discount rate</div></div></div></td><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Growth rate</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3.15%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3.40%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3.65%</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">12.30%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">COP 2,564,330</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">COP 2,588,656</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">COP 2,614,375</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking Guatemala</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td rowspan="2" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Growth rate</div></div></div></td><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Discount rate</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">11.55%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">11.30%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">11.05%</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 31.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5.30%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 25.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">COP 2,239,238</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 20.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">COP 2,339,936</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 24.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">COP 2,449,482</div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td rowspan="2" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Discount rate</div></div></div></td><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Growth rate</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5.05%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5.30%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5.55%</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">11.30%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">COP 2,295,042</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">COP 2,339,936</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">COP 2,388,737</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank considers goodwill as an asset with indefinite useful life.</div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table shows the ranges of maturity for the credit loans and financial leases, according for the remaining term for the completion of the contract:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="6" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 35.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Maturity</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Less Than 1 Year</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Between 1 and 3</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;Years</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Between 3 and 5</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Years</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Greater Than 5</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Years</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td></tr><tr><td colspan="6" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Commercial</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">31,052,548</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">18,846,830</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">16,216,100</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">28,485,170</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">94,600,648</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Corporate</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">16,569,691</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,491,758</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">11,335,723</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">19,165,446</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">55,562,618</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">SME</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,253,678</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,482,139</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,774,471</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,014,283</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">16,524,571</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Others</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9,229,179</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,872,933</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,105,906</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,305,441</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">22,513,459</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Consumer</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">749,322</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">4,562,956</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">12,069,707</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">14,611,396</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">31,993,381</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Credit card</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100,367</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">244,218</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,073,539</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,608,565</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,026,689</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Vehicle</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60,754</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">610,398</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,538,979</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,042,929</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,253,060</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Payroll loans</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">62,657</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">624,660</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,397,974</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,366,090</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,451,381</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Others</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">525,544</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,083,680</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,059,215</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,593,812</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">14,262,251</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Mortgage</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">58,613</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">175,572</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">479,086</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">22,157,414</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">22,870,685</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">VIS</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">11,056</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">51,768</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">117,404</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,597,839</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,778,067</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Non-VIS</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">47,557</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">123,804</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">361,682</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">16,559,575</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">17,092,618</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Financial Leases</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,393,428</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,560,578</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">4,260,513</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">13,983,685</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">23,198,204</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Small business loans</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">256,093</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">477,456</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">220,105</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">202,544</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,156,198</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total gross loans and financial leases</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">34,510,004</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">26,623,392</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">33,245,511</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">79,440,209</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">173,819,116</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="6" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 35.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Maturity</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Less Than 1 Year</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Between 1 and 3</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Years</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Between 3 and 5</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Years</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Greater Than 5</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Years</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td></tr><tr><td colspan="6" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Commercial</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">26,641,770</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">19,583,956</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">13,561,261</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">29,210,254</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">88,997,241</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Corporate</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">17,054,923</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">11,588,101</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,533,725</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">21,484,518</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">58,661,267</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">SME</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,568,251</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,684,612</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,973,761</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,957,435</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">17,184,059</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Others</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,018,596</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,311,243</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,053,775</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,768,301</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">13,151,915</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Consumer</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,393,022</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">4,826,773</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">12,035,699</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">9,390,620</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">27,646,114</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Credit card</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">761,294</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,104,571</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,384,220</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,005,192</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,255,277</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Vehicle</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">67,118</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">718,610</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,499,980</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">629,997</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,915,705</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Payroll loans</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">52,087</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">692,079</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,325,911</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,900,706</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,970,783</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Others</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">512,523</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,311,513</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,825,588</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,854,725</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">11,504,349</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Mortgage</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">50,102</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">148,851</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">389,456</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">19,923,799</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">20,512,208</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">VIS</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,238</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">40,182</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">93,917</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,345,589</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,491,926</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Non-VIS</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">37,864</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">108,669</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">295,539</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">14,578,210</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">15,020,282</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Financial Leases</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,101,344</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,698,394</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,546,370</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">12,902,843</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">22,248,951</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Small business loans</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">232,596</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">479,646</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">182,893</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">168,445</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,063,580</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total gross loans and financial leases</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">31,418,834</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">27,737,620</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">29,715,679</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">71,595,961</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">160,468,094</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The composition of the credit portfolio in commercial, consumer, mortgage, financial leases and small business loans categories are as follows:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 56.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Composition</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 22.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 22.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Commercial</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">94,600,648</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">88,997,241</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Corporate</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">55,562,618</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">58,661,267</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">SME</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">16,524,571</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">17,184,059</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Others</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">22,513,459</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">13,151,915</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Consumer</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">31,993,381</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">27,646,114</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Credit card</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,026,689</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,255,277</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Vehicle</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,253,060</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,915,705</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Payroll loans</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,451,381</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,970,783</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Others</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">14,262,251</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">11,504,349</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Mortgage</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">22,870,685</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">20,512,208</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">VIS</div><div style="vertical-align: super;font-size: smaller;display:inline;">1</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,778,067</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,491,926</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Non- VIS</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">17,092,618</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">15,020,282</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Financial Leases</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">23,198,204</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">22,248,951</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Small Business Loan</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,156,198</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,063,580</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Loans and advances to customers and financial institutions</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">173,819,116</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">160,468,094</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Allowance for loans and advances and lease losses</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(10,235,831)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(8,223,103)</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total net loan and financial leases</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">163,583,285</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">152,244,991</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 1pt; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 1pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><div style="margin-bottom: 0px; margin-top: 0px;">&#160;</div><div style="margin-top: 3pt; margin-bottom: 3pt; margin-left: 0in;"><div style="border-top: 1pt solid rgb(0, 0, 0); width: 25%; font-size: 2pt;">&#160;</div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">1</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">VIS: Social Interest Homes, corresponds to mortgage loans granted by the financial institutions of amounts less than 135 minimum wages.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table shows loans and financial leases, classified in commercial, consumer, mortgage, financial leases and small business loans, and disaggregated by type of collateral:&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="7" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td></tr><tr><td colspan="7" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Amount Covered by Collateral</div></div></div></td></tr><tr><td colspan="7" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In Millions of COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 28.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Nature of the Collateral</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Commercial</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Consumer</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Mortgage</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;margin-bottom: 0;margin-top: 0;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Financial</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Leasing</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Small Business</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Real Estate and Residential</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">21,209,517</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,744,581</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">20,720,459</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">84</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">282,822</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">43,957,463</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Goods Given in Real Estate Leasing</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">243</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">12,752,932</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">12,753,175</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Goods Given in Leasing Other Than Real Estate</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">5,900,913</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">5,900,913</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Stand by Letters of Credit</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">667,976</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">229</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">668,205</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Security Deposits</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">470,400</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">369,689</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">76,136</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">916,225</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Guarantee Fund</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2,595,913</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">138</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">118,747</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">288,890</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">3,003,688</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Sovereign of the Nation</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Collection Rights</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">3,992,592</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">49,910</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,452</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">4,043,954</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Other Collateral (Pledges)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">4,118,947</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">4,713,359</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">48,098</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">20</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">14,158</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">8,894,582</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Without Guarantee (Uncovered Balance)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">61,545,303</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">25,115,475</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2,101,885</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">4,425,508</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">492,740</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">93,680,911</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total loans and financial leases</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">94,600,648</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">31,993,381</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">22,870,685</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">23,198,204</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,156,198</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">173,819,116</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="7" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td colspan="7" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Amount Covered by Collateral</div></div></div></td></tr><tr><td colspan="7" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In Millions of&#160;&#160;COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 28.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Nature of the Collateral</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Commercial</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Consumer</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Mortgage</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;margin-bottom: 0;margin-top: 0;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Financial</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Leasing</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Small Business</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Real Estate and Residential</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">19,529,154</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,572,455</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">18,959,433</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">273,248</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">40,334,290</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Goods Given in Real Estate Leasing</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">7,725,197</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2,392,075</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">10,117,272</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Goods Given in Leasing Other Than Real Estate</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">5,124,246</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">112,724</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">577,447</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">5,814,417</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Stand by Letters of Credit</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">455,793</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">455,793</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Security Deposits</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">779,008</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">300,730</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">56,588</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,136,326</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Guarantee Fund</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2,583,354</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">147</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">301,045</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2,884,546</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Sovereign of the Nation</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">12,710</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">12,710</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Collection Rights</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">3,220,882</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">41,597</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,119</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">3,263,598</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Other Collateral (Pledges)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">3,163,456</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">3,887,548</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">32,524</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">31</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">20,227</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">7,103,786</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Without Guarantee (Uncovered Balance)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">46,403,441</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">21,730,913</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,520,251</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">19,279,398</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">411,353</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">89,345,356</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total loans and financial leases</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">88,997,241</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">27,646,114</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">20,512,208</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">22,248,951</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,063,580</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">160,468,094</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;">The borrowers in this portfolio are mainly made up of companies, segmented in homogenous groups that are constituted according to size, annual sales or main activity. The following variables are part of this classification:</div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 16.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Segment</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 84.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Incomes/Sales</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Corporate</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Companies with annual sales &gt;= COP 80,000 M. Banistmo places borrowers with annual sales &gt;= USD 10 M. Banco Agr&#237;cola and BAM place borrowers with annual sales &gt;= USD 25 M.</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Business</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Companies with annual sales &gt; = COP 20,000 M and &lt; COP 80,000 M except for Banco Agr&#237;cola and BAM, which place borrowers with annual sales &gt;= USD 5 M and &lt; USD 25 M.</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Business Construction</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Constructors who dedicate themselves professionally to the construction of buildings to be sold or rented as their main activity, with annual sales &gt;= COP 20,000 M and &lt;= COP 45,000 M. They must have more than 3 projects executed as previous experience.</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Corporate Construction</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Constructors who dedicate themselves to the construction of buildings to be sold or rented as their main activity, with annual sales &gt; COP 45,000 M. They must have more than 3 projects executed as previous experience.</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">SME</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Construction</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Constructors who dedicate themselves professionally to the construction of buildings to be sold or rented as their main activity with annual sales &gt;= COP 380 M and &lt;= COP 20,000 M. They must have more than 3 projects executed as previous experience.</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Institutional Financing</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Financial sector institutions.</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Government</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Municipalities, districts, departments with their respective decentralized organizations and entities at the national level with incomes &gt;= COP 20,000 M.</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">SME</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Annual sales &lt; COP 20,000 M, with a classification between small, medium, large and plus except for Banistmo which includes borrowers &lt; USD 10 M in annual sales, for Banco Agr&#237;cola and BAM &lt; USD 5 M.</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 10979000000 397700000000 154773000000 563452000000 12602000000 323369000000 199494000000 535465000000 <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The information below contains the maximum exposure to credit risk:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 90%;;margin-left :auto;margin-right :auto;"><tr><td colspan="5" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Maximum exposure to credit risk - Financial instruments subject to impairment</div></div></div></td></tr><tr><td colspan="5" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: center; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Stage 1</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Stage 2</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Stage 3</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Loans and Advances</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">153,894,099</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">7,712,055</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">12,212,962</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;&#160;&#160;&#160;&#160;173,819,116 </div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="white-space: pre-line; color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;&#160;&#160;Commercial</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">83,632,770</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">3,214,860</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">7,753,018</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;94,600,648 </div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="white-space: pre-line; color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;&#160;&#160;Consumer </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">28,666,461</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,758,162</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,568,758</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;31,993,381 </div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="white-space: pre-line; color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;&#160;&#160;Mortgage</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">20,280,416</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,513,063</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,077,206</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;22,870,685 </div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="white-space: pre-line; color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;&#160;&#160;Small Business Loans</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">958,491</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">80,805</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">116,902</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;1,156,198 </div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="white-space: pre-line; color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;&#160;&#160;Financial Leases</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">20,355,961</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,145,165</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,697,078</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;23,198,204 </div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Off-Balance Sheet Exposures</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">38,831,993</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">349,228</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">354,525</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;&#160;&#160;&#160;39,535,746 </div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="white-space: pre-line; color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;&#160;&#160;&#160;Financial Guarantees</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">5,641,482</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">18,340</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,839</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;5,661,661 </div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="white-space: pre-line; color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;&#160;&#160;Loan Commitments</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">33,190,511</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">330,888</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">352,686</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;33,874,085 </div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Loss Allowance</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(1,872,529) </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(1,246,444) </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(7,244,517) </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(10,363,490) </div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">190,853,563</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">6,814,839</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5,322,970</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;&#160;&#160;&#160;202,991,372 </div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="7" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Maximum Exposure to Credit Risk - Other Financial Instruments</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Maximum Exposure</div></div></div></td><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Collateral *</div></div></div></td><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net Exposure</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 18.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td></tr><tr><td colspan="7" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Maximum Exposure to Credit Risk</div></div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Debt instruments</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">15,745,530</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">14,859,423</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,352,276)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,741,345)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">13,393,254</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;12,118,078 </div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Derivatives **</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">894,001</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">457,940</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">(97)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(125,902)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">893,905</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">332,038</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Equity</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,639,949</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,520,313</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,639,949</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,520,313</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">18,279,480</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">16,837,676</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(2,352,373)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(2,867,247)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">15,927,108</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">13,970,429</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">See Notes on this table:</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-left: 0.13in; text-align: justify; text-indent: -0.13in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">* Collateral Held (-) and Collateral Pledged (+)</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-left: 0.13in; text-align: justify; text-indent: -0.13in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">** </div>Exposure in Derivatives with base in MTM (only positive values), netting by counterparty is applied</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-left: 0.25in; text-align: justify; text-indent: -0.13in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">* Debt instruments Book value 100%</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-left: 0.25in; text-align: justify; text-indent: -0.13in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">* Equity Instruments:</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-left: 0.13in;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div><div style="font-size: 10pt; background: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Shares:100%</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-left: 0.13in;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div><div style="font-size: 10pt; background: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Investment funds: Book value 100%</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 43.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Maximum exposure</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 19.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Collateral</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 18.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net exposure</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: center; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Loans and Advances</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">160,468,094</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(71,122,738)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">89,345,356</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="white-space: pre-line; color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;&#160;&#160;Commercial</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">88,997,241</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(42,593,800)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">46,403,441</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="white-space: pre-line; color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;&#160;&#160;Consumer </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">27,646,114</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(5,915,201)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">21,730,913</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="white-space: pre-line; color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;&#160;&#160;Mortgage</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">20,512,208</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(18,991,957)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,520,251</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="white-space: pre-line; color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;&#160;&#160;Small Business Loans</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,063,580</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(652,227)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">411,353</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="white-space: pre-line; color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;&#160;&#160;Financial Leases</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">22,248,951</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,969,553)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">19,279,398</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Off-Balance Sheet Exposures</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">22,360,075</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">22,360,075</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="white-space: pre-line; color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;&#160;&#160;&#160;Financial Guarantees</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,701,643</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,701,643</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="white-space: pre-line; color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;&#160;&#160;Loan Commitments</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">15,658,432</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">-</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">15,658,432</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="white-space: pre-line; color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Other Financial Instruments </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">16,837,677</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(2,867,247)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">13,970,430</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Debt Securities</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">14,859,423</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,741,345)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,118,078</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Derivatives</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">457,940</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(125,902)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">332,038</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Equity Securities</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2)</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,520,314</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,520,314</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">199,665,846</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(73,989,985)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">125,675,861</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-left: 0.1in; text-align: justify; text-indent: -0.1in;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1) </div></div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Collateral Held (-) and Collateral Pledged (+). </div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(38, 38, 38); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2) </div></div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Includes investments classified as &#8220;assets held for sale&#8221;. See Note 12 Assets held for sale and inventories, net.</div></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 11586785000000 1399852000000 901757000000 869329000000 827000000 136000000 17160000000 442107000000 30299000000 15248252000000 500553000000 11196951000000 1284986000000 844687000000 763031000000 0 0 0 431381000000 25819000000 14546855000000 473487000000 464504000000 94284000000 48264000000 96081000000 283000000 136000000 18094000000 16205000000 3145000000 740996000000 1718000000 742714000000 -10197000000 3274000000 0 5323000000 0 0 -2113000000 -7000000 -1030000000 -4750000000 0 -4750000000 -64473000000 17308000000 8806000000 4894000000 544000000 0 1179000000 -5472000000 2365000000 -34849000000 25348000000 -9501000000 4542701000000 457611000000 252011000000 348219000000 20000000 0 33000000 252030000000 99991000000 5952616000000 100484000000 7044084000000 942241000000 649746000000 521110000000 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0.0340 0.0530 0.0890 0.1230 0.1130 <div style="border-bottom: solid #ffffff 1.0pt;border-left: none;border-right: none;border-top: none;"><div style="font-family: 'times new roman', 'serif';font-size: 16pt;margin-bottom: 0;margin-top: 0;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 16pt; letter-spacing: 0px; top: 0px;;display:inline;">NOTE 7. INVESTMENTS IN ASSOCIATES AND JOINT VENTURES</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table presents information regarding the Bank&#8217;s investments in associates and joint ventures:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 48.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Composition</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 30.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 22.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Investments in associates </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,710,969</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,327,610</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Investments in Joint ventures</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">438,610</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">237,449</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,149,579</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,565,059</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">As of December 31, 2018 and 2017, the amount includes investments in associates at fair value for COP 1,119,973 and COP 757,886, respectively and investments in associates accounted for by the equity method for COP 590,996&#160;and&#160;COP 569,724&#160;respectively. See note 29 Fair value of assets and liabilities.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following are the investments in associates that the Bank holds as of December 31, 2018 and 2017:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2018</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 19.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Company name</div></div></div></td><td style="background: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-left: none; border-right: none; border-top: 1pt solid rgb(0, 0, 0); padding: 0px 3.5pt; vertical-align: middle; width: 23.5%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Main activity</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;width: 7.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Country</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 7.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">% of Ownership</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">interest</div></div></div></td><td style="background: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-left: none; border-right: none; border-top: 1pt solid rgb(0, 0, 0); padding: 0px 3.5pt; vertical-align: middle; width: 7.5%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Included in earnings </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(1)</div></div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 7.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total OCI </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(2)</div></div></div></div></td><td style="background: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-left: none; border-right: none; border-top: 1pt solid rgb(0, 0, 0); padding: 0px 3.5pt; vertical-align: middle; width: 8%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">OCI (Equity method) </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(3)</div></div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 7.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">OCI (CTA) </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(4)</div></div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 7.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">OCI (Deferred tax) </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(5)</div></div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 7.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Carrying </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">amount</div></div></div></td></tr><tr><td colspan="10" style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td colspan="10" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Investments in associates</div></div></div></td></tr><tr><td style="border-bottom: none; border-left: 1pt solid rgb(0, 0, 0); border-right: none; border-top: none; padding: 0px 3.5pt; vertical-align: top; width: 19%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">PA Viva Malls <div style="vertical-align: super;font-size: smaller;display:inline;">(6)</div></div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 23.5%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Development and operation of commercial spaces</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0pt 0px; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">49.00%</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7.5%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">96,201</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 8%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: none; border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,119,973</div></div></td></tr><tr><td style="border-bottom: none; border-left: 1pt solid rgb(0, 0, 0); border-right: none; border-top: none; padding: 0px 3.5pt; vertical-align: top; width: 19%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Protecci&#243;n S.A.</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 23.5%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Administration of pension funds and severances</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0pt 0px; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">20.58%</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7.5%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">42,057</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">15,423</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 8%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2,958</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(819)</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: none; border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">478,482</div></div></td></tr><tr><td style="border-bottom: none; border-left: 1pt solid rgb(0, 0, 0); border-right: none; border-top: none; padding: 0px 3.5pt; vertical-align: top; width: 19%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Titularizadora Colombiana S.A. Hitos*</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 23.5%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Mortgage portfolio securities</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0pt 0px; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">26.98%</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7.5%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">4,962</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,483)</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 8%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(94)</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">40</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: none; border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">37,391</div></div></td></tr><tr><td style="border-bottom: none; border-left: 1pt solid rgb(0, 0, 0); border-right: none; border-top: none; padding: 0px 3.5pt; vertical-align: top; width: 19%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Redeban Multicolor S.A.*</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 23.5%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Network data transmission services</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0pt 0px; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">20.36%</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7.5%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2,203</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(651)</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 8%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">45</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: none; border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">19,105</div></div></td></tr><tr><td style="border-bottom: none; border-left: 1pt solid rgb(0, 0, 0); border-right: none; border-top: none; padding: 0px 3.5pt; vertical-align: top; width: 19%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Concesiones CCFC S.A.*</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 23.5%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Construction of public works through an awarding system</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0pt 0px; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">25.50%</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7.5%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">6,794</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(757)</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 8%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(1)</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">34</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: none; border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">13,063</div></div></td></tr><tr><td style="border-bottom: none; border-left: 1pt solid rgb(0, 0, 0); border-right: none; border-top: none; padding: 0px 3.5pt; vertical-align: top; width: 19%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Internacional Ejecutiva de Aviaci&#243;n S.A.S. </div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 23.5%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Aircraft and aircraft travel</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0pt 0px; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">33.33%</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7.5%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2,008</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(4)</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 8%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(213)</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: none; border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">12,503</div></div></td></tr><tr><td style="border-bottom: none; border-left: 1pt solid rgb(0, 0, 0); border-right: none; border-top: none; padding: 0px 3.5pt; vertical-align: top; width: 19%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Servicio Salvadore&#241;o de Protecci&#243;n, S. A. de C.V. *</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 23.5%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Custodial services and transfer of monetary types</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0pt 0px; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">El Salvador</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">25.00%</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7.5%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,905</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(727)</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 8%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(30)</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(16)</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: none; border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">8,867</div></div></td></tr><tr><td style="border-bottom: none; border-left: 1pt solid rgb(0, 0, 0); border-right: none; border-top: none; padding: 0px 3.5pt; vertical-align: top; width: 19%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Reintegra S.A.S.* <div style="vertical-align: super;font-size: smaller;display:inline;">(7)</div></div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 23.5%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Collections and recovery of portfolio</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0pt 0px; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">46.00%</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7.5%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,939</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,742</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 8%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(26)</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: none; border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">8,594</div></div></td></tr><tr><td style="border-bottom: none; border-left: 1pt solid rgb(0, 0, 0); border-right: none; border-top: none; padding: 0px 3.5pt; vertical-align: top; width: 19%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">ACH Colombia S.A. *</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 23.5%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Electronic transfer services</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0pt 0px; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">19.94%</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7.5%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">3,871</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(952)</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 8%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">79</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: none; border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">8,313</div></div></td></tr><tr><td style="border-bottom: none; border-left: 1pt solid rgb(0, 0, 0); border-right: none; border-top: none; padding: 0px 3.5pt; vertical-align: top; width: 19%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Servicios Financieros, S.A. de C.V. *</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 23.5%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Processing of financial transactions and electronic payment methods</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0pt 0px; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">El Salvador</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">47.86%</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7.5%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(160)</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">9</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 8%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(7)</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: none; border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">3,420</div></div></td></tr><tr><td style="border-bottom: none; border-left: 1pt solid rgb(0, 0, 0); border-right: none; border-top: none; padding: 0px 3.5pt; vertical-align: top; width: 19%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">ACH de El Salvador, S. A. de C.V. *</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 23.5%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Electronic transfer services</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0pt 0px; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">El Salvador</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">25.00%</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7.5%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">143</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">6</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 8%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(64)</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: none; border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,258</div></div></td></tr><tr><td colspan="10" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Investments in associates classified as assets held for sale</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(8)</div></div></div></div></td></tr><tr><td style="border-bottom: none; border-left: 1pt solid rgb(0, 0, 0); border-right: none; border-top: none; padding: 0px 3.5pt; vertical-align: top; width: 19%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Panamerican Pharmaceutical Holding Inc. </div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 23.5%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Advisory services, consultation, representation, agent for individuals or company</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0pt 0px; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Panama</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">21.00%</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7.5%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,486)</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 8%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(69)</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(785)</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: none; border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: none; border-left: 1pt solid rgb(0, 0, 0); border-right: none; border-top: none; padding: 0px 3.5pt; vertical-align: top; width: 19%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Avefarma S.A.S </div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 23.5%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Manufacture and distribution of glass packing for pharmaceutical products</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0pt 0px; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">21.00%</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7.5%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(11,704)</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 8%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: none; border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: none; border-left: 1pt solid rgb(0, 0, 0); border-right: none; border-top: none; padding: 0px 3.5pt; vertical-align: top; width: 19%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Glassfarma Tech S.A.S </div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 23.5%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Manufacturing, elaboration and commercialization of packages and pharmaceutical products</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0pt 0px; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">21.00%</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7.5%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">127</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 8%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: none; border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td colspan="4" style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 9.0pt;padding-right: 0;padding-top: 0;vertical-align: middle;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-indent: -0.13in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net investments in associates</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">161,923</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(457)</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,581</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(9)</div></div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(886)</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(663)</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(9)</div></div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,710,969</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-align: justify; text-indent: -0.13in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Corresponds to the income recognized as equity method in the statement of income for the year ended December 31, 2018. See note 24.5 Dividends received, and share of profits of equity method investees</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Corresponds to the accumulated other comprehensive income as of December 31, 2018.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(3)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Corresponds to the other comprehensive income recognized as equity method for the year ended December 31, 2018.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(4)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Corresponds to the other comprehensive income recognized as Cumulative Translation Adjustment of Foreign Currency (CTA) for the year ended December 31, 2018.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(5)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Corresponds to the other comprehensive income as deferred tax for the year ended December 31, 2018.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(6)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">During 2018, the Bank increases its capital contribution in P.A Viva Malls by COP 274,951</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(7)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">During 2018, the Bank increases its capital contribution in Reintegra S.A.S by COP 1,152</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(8)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">As of December 31, 2018 the investment in Avefarma S.A.S., Glassfarma Tech S.A.S and Panamerican Pharmaceutical Holding inc are still classified as "assets held for sale". See note 12. Assets held for sale and inventories.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(9)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">See Consolidated Statement of Comprehensive Income</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">(*)</div> For the purposes of applying the equity method of accounting, financial statements as of November 30, 2018 have been used. However, the Bank does not consider that appropriate adjustments have to be made since no significant transactions took place between that date and December 31, 2018.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2017</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="9" style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Investments in Associates </div></div></div></td></tr><tr><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 19.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Company name</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 25.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Main activity</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Country</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">% of Ownership </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">interest</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Included in earnings </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(1)</div></div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total OCI </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(2)</div></div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">OCI (Equity method) </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(3)</div></div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">OCI (CTA) </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(4)</div></div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Carrying </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">amount</div></div></div></td></tr><tr><td colspan="9" style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td colspan="9" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Investments in associates</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">PA Viva Malls</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Development and operation of commercial spaces</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">49.00%<div style="vertical-align: super;font-size: smaller;display:inline;">(5) </div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">144,146</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">757,886</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Protecci&#243;n S.A.</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Administration of pension funds and severances</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">20.58%</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">72,576</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">12,465</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,236</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">471,312</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Titularizadora Colombiana S.A. Hitos*</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Mortgage portfolio securities</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">26.98%</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">3,305</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,389)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(768)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">35,346</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Redeban Multicolor S.A.*</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Network data transmission services</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">20.36%</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,906</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(651)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">17,951</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Internacional Ejecutiva de Aviaci&#243;n S.A.S. *</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Aircraft and aircraft travel</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">33.33%</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,071</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">209</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">10,707</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Concesiones CCFC S.A.</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Construction of public works through an awarding system</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">25.50%</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">6,756</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(756)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(3)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">9,383</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">ACH Colombia S.A. *</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Electronic transfer services</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">19.94%</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">3,109</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(952)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">7,338</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Reintegra S.A.S. *</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Collections and recovery of portfolio</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">46.00%</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,471</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,742</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,754)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">7,155</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Servicio Salvadore&#241;o de Protecci&#243;n, S. A. de C.V. *</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Custodial services and transfer of monetary types</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">El Salvador</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">25.00%</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">418</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(727)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">238</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">153</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">6,219</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Servicios Financieros, S.A. de C.V. *</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Processing of financial transactions and electronic payment methods</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">El Salvador</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">47.86%</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(226)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">9</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(5)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">3,302</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">ACH de El Salvador, S. A. de C.V. *</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Electronic transfer services</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">El Salvador</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">25.00%</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">123</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">6</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(1)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,011</div></div></td></tr><tr><td colspan="9" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Investments in associates classified as assets held for sale</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(6)</div></div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Panamerican Pharmaceutical Holding Inc *</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Advisory services, consultation, representation, agent for individuals or company</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Panama</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">21.00%</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,171)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,417)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">196</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(67)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Avefarma S.A.S*</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Manufacture and distribution of glass packing for pharmaceutical products</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">21.00%</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">6,307</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(11,704)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(10,831)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Glassfarma Tech S.A.S *</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Manufacturing, elaboration and commercialization of packages and pharmaceutical products</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">21.00%</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(458)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">127</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">139</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td colspan="4" style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net investments in associates</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">239,333</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(3,038)</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(11,547)</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(7)</div></div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">80</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,327,610</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 1.11in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Corresponds to the income recognized as equity method in the statement of income for the year ended December 31, 2017. See note 24.5 Dividends received, and share of profits of equity method investees</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Corresponds to the accumulated other comprehensive income as of December 31, 2017</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">.</div></div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(3)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Corresponds to the other comprehensive income recognized as equity method for the year ended December 31, 2017.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(4)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Corresponds to the other comprehensive income recognized as Cumulative Translation Adjustment of Foreign Currency (CTA) for the year ended December 31, 2017.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(5)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">As of December 31, 2017 the increases of ownership interest are related to capital contributions during the year 2017.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(6)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">As of December 31, 2017 the Bank classified the investment in Avefarma S.A.S., Glassfarma Tech S.A.S and Panamerican Pharmaceutical Holding inc as "assets held for sale", due to the fact that the management has currently been implementing a plan to sell these assets. See note 12 assets held for sale and inventories.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(7)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">See Consolidated Statement of Comprehensive Income.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">(*)</div> For the purposes of applying the equity method of accounting, financial statements as of November 30, 2017 have been used, except for Redeban Multicolor S.A., for which we use the financial statements ended as of October 31, 2017. However, the Bank does not consider that appropriate adjustments have to be made since no significant transactions took place between those dates and December 31, 2017.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following is additional information regarding the Bank&#8217;s most significant associates as of December 31, 2018 and 2017 (unaudited accounts):</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2018</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 35.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Company name</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assets</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Liabilities</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Income from</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">ordinary activities</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Profits (loss)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Dividends</div></div></div></td></tr><tr><td colspan="6" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">PA Viva Malls</div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,301,567</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">11,304</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">417,942</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">271,648</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9,064</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Protecci&#243;n S.A.</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,172,208</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">675,135</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,387,294</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">205,134</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">37,861</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Titularizadora Colombiana S.A. Hitos</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">151,447</div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">16,911</div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">50,213</div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">14,923</div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,824</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 1.11in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">The difference between, the net assets of Protecci&#243;n S.A. multiplied by the Bank&#8217;s percentage of ownership, which amounted to COP 308,048 for the year ended December 31, 2018 and the carrying amount of the Bank&#8217;s interest in the associate; represents the goodwill recognized by the Bank amounting to COP 170,434.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.38in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2017</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 35.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Company Name</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assets</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Liabilities</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Income from</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">ordinary activities</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Profits (loss)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Dividends</div></div></div></td></tr><tr><td colspan="6" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">PA Viva Malls</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,262,837</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">29,499</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">380,612</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">235,647</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">35,278</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Protecci&#243;n S.A.</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2)</div></div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,125,552</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">663,326</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,227,139</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">343,345</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">36,825</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Titularizadora Colombiana S.A. Hitos</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">614,032</div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">487,073</div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">35,714</div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,161</div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,121</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 1.11in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">The difference between the net assets of P.A. Viva Malls multiplied by the Bank&#8217;s percentage of ownership,&#160;which amounted to COP&#160;604,336 for the year ended December 31, 2017 and the carrying amount of the Bank&#8217;s interest in the associate, represents an adjustment amounted to COP 153,550 related to contractual terms with respect to the recognition of benefits.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">(2)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">The difference between the net assets of Protecci&#243;n S.A. multiplied by the Bank&#8217;s percentage of ownership, which amounted to COP 300,926 for the year ended December 31, 2017,&#160;and the carrying amount of the Bank&#8217;s interest in the associate, represents the goodwill recognized by the Bank amounting to COP 170,434</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">As of December 31, 2018 and 2017, there are no restrictions on the ability of the associates to transfer funds to the Bank in the form of cash dividends.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following are the Joint ventures that the Bank holds as of December 31, 2018 and 2017:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-left: 0.1in; text-align: justify; text-indent: -0.1in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2018</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.1in; margin-top: 0px; text-align: justify; text-indent: -0.1in; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 36.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Company name</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 21.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Main activity</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 7.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Country</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 9.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">% of</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Ownership</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">interest</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 7.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Included in</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">earnings</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(1)</div></div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 7.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">OCI </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(2)</div></div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 7.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">OCI</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(Equity </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">method) </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(3</div></div><div style="vertical-align: super;font-size: smaller;display:inline;">)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Carrying</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">amount</div></div></div></td></tr><tr><td style="border-bottom: none; border-left: 1pt solid rgb(0, 0, 0); border-right: none; border-top: none; padding: 0px 3.5pt; vertical-align: middle; background-color: rgb(255, 255, 255);"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Compa&#241;&#237;a de financiamiento Tuya S.A <div style="vertical-align: super;font-size: smaller;display:inline;">(4)(5)</div></div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; background-color: rgb(255, 255, 255);"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Financing company</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; background-color: rgb(255, 255, 255);"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; background-color: rgb(255, 255, 255);"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">50.00%</div></div></td><td style="width: 6.78%; padding: 0in 3.5pt; background-color: rgb(255, 255, 255);"><div style="margin-bottom: 0.0001pt; text-align: right; line-height: normal; font-family: calibri, sans-serif; font-size: 10pt;">27,623</div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: none; border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 3.5pt; vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">431,510</div></div></td></tr><tr><td style="border-bottom: none; border-left: 1pt solid rgb(0, 0, 0); border-right: none; border-top: none; padding: 0px 3.5pt; vertical-align: middle; background-color: rgb(255, 255, 255);"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Puntos Colombia S.A.S </div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; background-color: rgb(255, 255, 255);"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Administration of the customers loyalty</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; background-color: rgb(255, 255, 255);"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; background-color: rgb(255, 255, 255);"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">50.00%</div></div></td><td style="width: 6.78%; padding: 0in 3.5pt; background-color: rgb(255, 255, 255);"><div style="margin-bottom: 0.0001pt; text-align: right; line-height: normal; font-family: calibri, sans-serif; font-size: 10pt;">(1,613)</div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,600</div></div></td></tr><tr><td style="border-bottom: none; border-left: 1pt solid rgb(0, 0, 0); border-right: none; border-top: none; padding: 0px 3.5pt; vertical-align: middle; background-color: rgb(255, 255, 255);"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">P.A Servicios Tecnol&#243;gicos Arus- Bancolombia <div style="vertical-align: super;font-size: smaller;display:inline;">(6)</div></div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; background-color: rgb(255, 255, 255);"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Technology services provider</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; background-color: rgb(255, 255, 255);"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; background-color: rgb(255, 255, 255);"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">50.00%</div></div></td><td style="width: 6.78%; padding: 0in 3.5pt; background-color: rgb(255, 255, 255);"><div style="margin-bottom: 0.0001pt; text-align: right; line-height: normal; font-family: calibri, sans-serif; font-size: 10pt;">-</div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: none; border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 3.5pt; vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,500</div></div></td></tr><tr><td style="border-bottom: none; border-left: 1pt solid rgb(0, 0, 0); border-right: none; border-top: none; padding: 0px 3.5pt; vertical-align: middle; background-color: rgb(255, 255, 255);"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Servicios de Aceptaci&#243;n S.A.S (in liquidation) <div style="vertical-align: super;font-size: smaller;display:inline;">(7)</div></div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; background-color: rgb(255, 255, 255);"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Network data transmission services</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; background-color: rgb(255, 255, 255);"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; background-color: rgb(255, 255, 255);"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">50.00%</div></div></td><td style="width: 6.78%; padding: 0in 3.5pt; background-color: rgb(255, 255, 255);"><div style="margin-bottom: 0.0001pt; text-align: right; line-height: normal; font-family: calibri, sans-serif; font-size: 10pt;">(110)</div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: none; border-left: 1pt solid rgb(0, 0, 0); border-right: none; border-top: none; padding: 0px 3.5pt; vertical-align: middle; background-color: rgb(255, 255, 255);"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Fideicomiso Ruta del Sol - compartimento A </div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; background-color: rgb(255, 255, 255);"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Investment in infrastructure projects</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; background-color: rgb(255, 255, 255);"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; background-color: rgb(255, 255, 255);"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">50.00%</div></div></td><td style="width: 6.78%; padding: 0in 3.5pt; background-color: rgb(255, 255, 255);"><div style="margin-bottom: 0.0001pt; text-align: right; line-height: normal; font-family: calibri, sans-serif; font-size: 10pt;">(9)</div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">13</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: none; border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 3.5pt; vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td colspan="3" style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net investments in joint ventures </div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">25,891</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">13</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">438,610</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.1in; margin-top: 0px; text-align: justify; text-indent: -0.1in; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Corresponds to the income recognized as equity method in the statement of income for the year ended December 31, 2018</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Corresponds to the accumulated other comprehensive income as of December 31, 2018</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(3)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Corresponds to the other comprehensive income recognized as equity method for the year ended December 31, 2018</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(4)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">The revaluation of the consumer loan portfolio in Colombia increased significantly during 2018, and there was an improvement in loan coverage rates due to the economic cycle in the country and the current payment behavior in the consumer segment.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-left: 0.25in;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">As a result, management measured the recoverable amount of Tuya's Cash Generation Unit (CGU). The measurement was estimated by determining the fair value of the asset which implies the professional services of a business valuation specialist; as a result of the valuation the Bank recognized a recovery of the impairment loss of COP 173,339. For more information about the applied valuation technique, see note 29 Fair value of assets and liabilities.</div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(5)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">In March 2018, The Bank increases its capital contribution in Compa&#241;ia de Financiamiento TUYA S.A for COP 5,000</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(6)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">In December 2018, Banca de Inversi&#243;n Bancolombia, a Bank&#8217;s subsidiary, entered into an agreement with ARUS whereby both parties have joint control to the net assets of P.A Servicios Tecnol&#243;gicos Arus- Bancolombia. The purpose of the entity is to provide technology services.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(7)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">The joint venture of Servicios de Aceptaci&#243;n SAS was derived from the alliance between Bancolombia and First Data for improving the development of the credit card business for individuals, however the strategy was refocused in 2018. Consequently, both parties agreed to advance in the development of this business considering First Data as the Bank&#8217;s service provider of processing data and to dissolve the joint venture.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2017</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 36.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Company name</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 21.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Main activity</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 7.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Country</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 9.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">% of</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Ownership</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">interest</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 7.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Included in</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">earnings</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(1)</div></div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 7.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;margin-bottom: 0;margin-top: 0;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">OCI </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(2)</div></div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 7.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">OCI</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(Equity</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">method) </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(3</div></div><div style="vertical-align: super;font-size: smaller;display:inline;">)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Carrying</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">amount</div></div></div></td></tr><tr><td colspan="8" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Compa&#241;&#237;a de financiamiento Tuya S.A <div style="vertical-align: super;font-size: smaller;display:inline;">(4)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Financing company</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">50.00%</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">20,778</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">225,548</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Puntos Colombia S.A.S <div style="vertical-align: super;font-size: smaller;display:inline;">(5)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Administration of the customers loyalty</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">50.00%</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,787)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,213</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Servicios de Aceptaci&#243;n S.A </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Network data transmission services</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">50.00%</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,663</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,688</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Fideicomiso Ruta del Sol - compartimento A<div style="vertical-align: super;font-size: smaller;display:inline;">(6)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Investment in infrastructure projects</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">50.00%</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(6,385)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">13</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td colspan="3" style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net investments in joint ventures </div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; background: none;">&#160;</div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">14,269</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">13</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">237,449</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Corresponds to the income recognized as equity method in the statement of income for the year ended December 31, 2017. See note 24.5 Dividends received, and share of profits of equity method investees</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Corresponds to the accumulated other comprehensive income as of December 31, 2017.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(3)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Corresponds to the other comprehensive income recognized as equity method for the year ended December 31, 2017.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(4)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">On December 2017, given the continued impairment of the consumer loans portfolio of the company during 2017, the Bank management performed a valuation, to establish the fair value of the Compa&#241;&#237;a de Financiamiento TUYA S.A. As a result of the valuation, the fair value of the investment was lower than the book value, for this, the Bank recorded an impairment in the statement of income for COP 173,339. See note 29 Fair value for assets and liabilities.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(5)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">In June 2017, Banca de Inversi&#243;n Bancolombia formed a joint venture with Grupo &#201;xito. The purpose of the company is the developing and administration of customer&#8217;s loyalty programs provided by both parties in the agreement.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(6)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Given the losses of Fideicomiso Ruta del Sol - compartimento A for the year 2017, the aplication of the equity method resulted in a reduction of the total book value of the investment.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-align: justify; text-indent: -0.13in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following is complementary information regarding the Bank&#8217;s most significant joint ventures as of December 31, 2018 and 2017:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-left: 0.1in; text-align: justify; text-indent: -0.1in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2018</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 35.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Company name</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assets</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Liabilities</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Income from </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">ordinary activities</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Profits (loss)</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Dividends</div></div></div></td></tr><tr><td colspan="6" style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millons of COP</div></div></div></td></tr><tr><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Compa&#241;&#237;a de financiamiento TUYA S.A.</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,790,596</div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,447,483</div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,450,242</div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">55,258</div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-left: 0.10in;margin-top: 0;text-align: justify;text-indent: -0.10in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">.</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-left: 0.1in; text-align: justify; text-indent: -0.1in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2017</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.1in; margin-top: 0px; text-align: justify; text-indent: -0.1in; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 35.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Company name</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assets</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Liabilities</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Income from </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">ordinary activities</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Profits (loss)</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Dividends</div></div></div></td></tr><tr><td colspan="6" style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millons of COP</div></div></div></td></tr><tr><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Compa&#241;&#237;a de financiamiento TUYA S.A.</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,571,106</div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,293,239</div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,344,712</div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">41,556</div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">371</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">As of December 31, 2018 a contingent liability regarding the Bank&#8217;s interest in Fideicomiso Ruta del Sol Compartimiento A. was settled. This liability was initially recorded as of December 31, 2017, amounting to COP 12,342.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">As of December 31, 2016 the Bank has recognized COP 60,254 as equity method in the statement of income, COP (1,718) as other comprehensive income from equity method and COP 3,029 as other comprehensive income from currency translation adjustment. Additionally, during 2016, the Bank received dividends amounting to COP 38,036 from its significant associates.</div></div> <table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table presents information regarding the Bank&#8217;s investments in associates and joint ventures:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 48.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Composition</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 30.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 22.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Investments in associates </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,710,969</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,327,610</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Investments in Joint ventures</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">438,610</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">237,449</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,149,579</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,565,059</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">As of December 31, 2018 and 2017, the amount includes investments in associates at fair value for COP 1,119,973 and COP 757,886, respectively and investments in associates accounted for by the equity method for COP 590,996&#160;and&#160;COP 569,724&#160;respectively. See note 29 Fair value of assets and liabilities.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following are the investments in associates that the Bank holds as of December 31, 2018 and 2017:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2018</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 19.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Company name</div></div></div></td><td style="background: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-left: none; border-right: none; border-top: 1pt solid rgb(0, 0, 0); padding: 0px 3.5pt; vertical-align: middle; width: 23.5%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Main activity</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;width: 7.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Country</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 7.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">% of Ownership</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">interest</div></div></div></td><td style="background: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-left: none; border-right: none; border-top: 1pt solid rgb(0, 0, 0); padding: 0px 3.5pt; vertical-align: middle; width: 7.5%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Included in earnings </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(1)</div></div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 7.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total OCI </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(2)</div></div></div></div></td><td style="background: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-left: none; border-right: none; border-top: 1pt solid rgb(0, 0, 0); padding: 0px 3.5pt; vertical-align: middle; width: 8%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">OCI (Equity method) </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(3)</div></div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 7.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">OCI (CTA) </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(4)</div></div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 7.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">OCI (Deferred tax) </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(5)</div></div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 7.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Carrying </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">amount</div></div></div></td></tr><tr><td colspan="10" style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td colspan="10" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Investments in associates</div></div></div></td></tr><tr><td style="border-bottom: none; border-left: 1pt solid rgb(0, 0, 0); border-right: none; border-top: none; padding: 0px 3.5pt; vertical-align: top; width: 19%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">PA Viva Malls <div style="vertical-align: super;font-size: smaller;display:inline;">(6)</div></div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 23.5%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Development and operation of commercial spaces</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0pt 0px; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">49.00%</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7.5%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">96,201</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 8%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: none; border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,119,973</div></div></td></tr><tr><td style="border-bottom: none; border-left: 1pt solid rgb(0, 0, 0); border-right: none; border-top: none; padding: 0px 3.5pt; vertical-align: top; width: 19%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Protecci&#243;n S.A.</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 23.5%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Administration of pension funds and severances</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0pt 0px; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">20.58%</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7.5%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">42,057</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">15,423</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 8%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2,958</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(819)</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: none; border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">478,482</div></div></td></tr><tr><td style="border-bottom: none; border-left: 1pt solid rgb(0, 0, 0); border-right: none; border-top: none; padding: 0px 3.5pt; vertical-align: top; width: 19%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Titularizadora Colombiana S.A. Hitos*</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 23.5%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Mortgage portfolio securities</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0pt 0px; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">26.98%</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7.5%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">4,962</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,483)</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 8%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(94)</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">40</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: none; border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">37,391</div></div></td></tr><tr><td style="border-bottom: none; border-left: 1pt solid rgb(0, 0, 0); border-right: none; border-top: none; padding: 0px 3.5pt; vertical-align: top; width: 19%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Redeban Multicolor S.A.*</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 23.5%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Network data transmission services</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0pt 0px; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">20.36%</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7.5%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2,203</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(651)</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 8%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">45</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: none; border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">19,105</div></div></td></tr><tr><td style="border-bottom: none; border-left: 1pt solid rgb(0, 0, 0); border-right: none; border-top: none; padding: 0px 3.5pt; vertical-align: top; width: 19%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Concesiones CCFC S.A.*</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 23.5%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Construction of public works through an awarding system</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0pt 0px; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">25.50%</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7.5%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">6,794</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(757)</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 8%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(1)</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">34</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: none; border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">13,063</div></div></td></tr><tr><td style="border-bottom: none; border-left: 1pt solid rgb(0, 0, 0); border-right: none; border-top: none; padding: 0px 3.5pt; vertical-align: top; width: 19%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Internacional Ejecutiva de Aviaci&#243;n S.A.S. </div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 23.5%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Aircraft and aircraft travel</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0pt 0px; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">33.33%</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7.5%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2,008</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(4)</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 8%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(213)</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: none; border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">12,503</div></div></td></tr><tr><td style="border-bottom: none; border-left: 1pt solid rgb(0, 0, 0); border-right: none; border-top: none; padding: 0px 3.5pt; vertical-align: top; width: 19%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Servicio Salvadore&#241;o de Protecci&#243;n, S. A. de C.V. *</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 23.5%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Custodial services and transfer of monetary types</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0pt 0px; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">El Salvador</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">25.00%</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7.5%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,905</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(727)</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 8%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(30)</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(16)</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: none; border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">8,867</div></div></td></tr><tr><td style="border-bottom: none; border-left: 1pt solid rgb(0, 0, 0); border-right: none; border-top: none; padding: 0px 3.5pt; vertical-align: top; width: 19%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Reintegra S.A.S.* <div style="vertical-align: super;font-size: smaller;display:inline;">(7)</div></div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 23.5%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Collections and recovery of portfolio</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0pt 0px; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">46.00%</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7.5%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,939</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,742</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 8%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(26)</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: none; border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">8,594</div></div></td></tr><tr><td style="border-bottom: none; border-left: 1pt solid rgb(0, 0, 0); border-right: none; border-top: none; padding: 0px 3.5pt; vertical-align: top; width: 19%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">ACH Colombia S.A. *</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 23.5%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Electronic transfer services</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0pt 0px; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">19.94%</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7.5%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">3,871</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(952)</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 8%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">79</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: none; border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">8,313</div></div></td></tr><tr><td style="border-bottom: none; border-left: 1pt solid rgb(0, 0, 0); border-right: none; border-top: none; padding: 0px 3.5pt; vertical-align: top; width: 19%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Servicios Financieros, S.A. de C.V. *</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 23.5%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Processing of financial transactions and electronic payment methods</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0pt 0px; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">El Salvador</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">47.86%</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7.5%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(160)</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">9</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 8%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(7)</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: none; border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">3,420</div></div></td></tr><tr><td style="border-bottom: none; border-left: 1pt solid rgb(0, 0, 0); border-right: none; border-top: none; padding: 0px 3.5pt; vertical-align: top; width: 19%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">ACH de El Salvador, S. A. de C.V. *</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 23.5%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Electronic transfer services</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0pt 0px; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">El Salvador</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">25.00%</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7.5%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">143</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">6</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 8%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(64)</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: none; border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,258</div></div></td></tr><tr><td colspan="10" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Investments in associates classified as assets held for sale</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(8)</div></div></div></div></td></tr><tr><td style="border-bottom: none; border-left: 1pt solid rgb(0, 0, 0); border-right: none; border-top: none; padding: 0px 3.5pt; vertical-align: top; width: 19%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Panamerican Pharmaceutical Holding Inc. </div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 23.5%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Advisory services, consultation, representation, agent for individuals or company</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0pt 0px; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Panama</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">21.00%</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7.5%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,486)</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 8%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(69)</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(785)</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: none; border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: none; border-left: 1pt solid rgb(0, 0, 0); border-right: none; border-top: none; padding: 0px 3.5pt; vertical-align: top; width: 19%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Avefarma S.A.S </div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 23.5%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Manufacture and distribution of glass packing for pharmaceutical products</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0pt 0px; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">21.00%</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7.5%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(11,704)</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 8%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: none; border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: none; border-left: 1pt solid rgb(0, 0, 0); border-right: none; border-top: none; padding: 0px 3.5pt; vertical-align: top; width: 19%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Glassfarma Tech S.A.S </div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 23.5%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Manufacturing, elaboration and commercialization of packages and pharmaceutical products</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0pt 0px; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">21.00%</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7.5%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">127</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 8%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: none; border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 3.5pt; vertical-align: middle; width: 7%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td colspan="4" style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 9.0pt;padding-right: 0;padding-top: 0;vertical-align: middle;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-indent: -0.13in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net investments in associates</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">161,923</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(457)</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,581</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(9)</div></div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(886)</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(663)</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(9)</div></div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,710,969</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-align: justify; text-indent: -0.13in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Corresponds to the income recognized as equity method in the statement of income for the year ended December 31, 2018. See note 24.5 Dividends received, and share of profits of equity method investees</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Corresponds to the accumulated other comprehensive income as of December 31, 2018.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(3)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Corresponds to the other comprehensive income recognized as equity method for the year ended December 31, 2018.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(4)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Corresponds to the other comprehensive income recognized as Cumulative Translation Adjustment of Foreign Currency (CTA) for the year ended December 31, 2018.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(5)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Corresponds to the other comprehensive income as deferred tax for the year ended December 31, 2018.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(6)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">During 2018, the Bank increases its capital contribution in P.A Viva Malls by COP 274,951</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(7)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">During 2018, the Bank increases its capital contribution in Reintegra S.A.S by COP 1,152</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(8)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">As of December 31, 2018 the investment in Avefarma S.A.S., Glassfarma Tech S.A.S and Panamerican Pharmaceutical Holding inc are still classified as "assets held for sale". See note 12. Assets held for sale and inventories.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(9)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">See Consolidated Statement of Comprehensive Income</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">(*)</div> For the purposes of applying the equity method of accounting, financial statements as of November 30, 2018 have been used. However, the Bank does not consider that appropriate adjustments have to be made since no significant transactions took place between that date and December 31, 2018.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2017</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="9" style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Investments in Associates </div></div></div></td></tr><tr><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 19.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Company name</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 25.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Main activity</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Country</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">% of Ownership </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">interest</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Included in earnings </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(1)</div></div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total OCI </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(2)</div></div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">OCI (Equity method) </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(3)</div></div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">OCI (CTA) </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(4)</div></div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Carrying </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">amount</div></div></div></td></tr><tr><td colspan="9" style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td colspan="9" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Investments in associates</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">PA Viva Malls</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Development and operation of commercial spaces</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">49.00%<div style="vertical-align: super;font-size: smaller;display:inline;">(5) </div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">144,146</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">757,886</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Protecci&#243;n S.A.</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Administration of pension funds and severances</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">20.58%</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">72,576</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">12,465</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,236</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">471,312</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Titularizadora Colombiana S.A. Hitos*</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Mortgage portfolio securities</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">26.98%</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">3,305</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,389)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(768)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">35,346</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Redeban Multicolor S.A.*</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Network data transmission services</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">20.36%</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,906</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(651)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">17,951</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Internacional Ejecutiva de Aviaci&#243;n S.A.S. *</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Aircraft and aircraft travel</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">33.33%</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,071</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">209</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">10,707</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Concesiones CCFC S.A.</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Construction of public works through an awarding system</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">25.50%</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">6,756</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(756)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(3)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">9,383</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">ACH Colombia S.A. *</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Electronic transfer services</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">19.94%</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">3,109</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(952)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">7,338</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Reintegra S.A.S. *</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Collections and recovery of portfolio</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">46.00%</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,471</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,742</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,754)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">7,155</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Servicio Salvadore&#241;o de Protecci&#243;n, S. A. de C.V. *</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Custodial services and transfer of monetary types</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">El Salvador</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">25.00%</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">418</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(727)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">238</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">153</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">6,219</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Servicios Financieros, S.A. de C.V. *</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Processing of financial transactions and electronic payment methods</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">El Salvador</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">47.86%</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(226)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">9</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(5)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">3,302</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">ACH de El Salvador, S. A. de C.V. *</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Electronic transfer services</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">El Salvador</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">25.00%</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">123</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">6</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(1)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,011</div></div></td></tr><tr><td colspan="9" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Investments in associates classified as assets held for sale</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(6)</div></div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Panamerican Pharmaceutical Holding Inc *</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Advisory services, consultation, representation, agent for individuals or company</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Panama</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">21.00%</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,171)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,417)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">196</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(67)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Avefarma S.A.S*</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Manufacture and distribution of glass packing for pharmaceutical products</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">21.00%</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">6,307</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(11,704)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(10,831)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Glassfarma Tech S.A.S *</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Manufacturing, elaboration and commercialization of packages and pharmaceutical products</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">21.00%</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(458)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">127</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">139</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td colspan="4" style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net investments in associates</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">239,333</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(3,038)</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(11,547)</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(7)</div></div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">80</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 10pt; text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,327,610</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 1.11in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Corresponds to the income recognized as equity method in the statement of income for the year ended December 31, 2017. See note 24.5 Dividends received, and share of profits of equity method investees</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Corresponds to the accumulated other comprehensive income as of December 31, 2017</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">.</div></div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(3)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Corresponds to the other comprehensive income recognized as equity method for the year ended December 31, 2017.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(4)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Corresponds to the other comprehensive income recognized as Cumulative Translation Adjustment of Foreign Currency (CTA) for the year ended December 31, 2017.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(5)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">As of December 31, 2017 the increases of ownership interest are related to capital contributions during the year 2017.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(6)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">As of December 31, 2017 the Bank classified the investment in Avefarma S.A.S., Glassfarma Tech S.A.S and Panamerican Pharmaceutical Holding inc as "assets held for sale", due to the fact that the management has currently been implementing a plan to sell these assets. See note 12 assets held for sale and inventories.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(7)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">See Consolidated Statement of Comprehensive Income.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">(*)</div> For the purposes of applying the equity method of accounting, financial statements as of November 30, 2017 have been used, except for Redeban Multicolor S.A., for which we use the financial statements ended as of October 31, 2017. However, the Bank does not consider that appropriate adjustments have to be made since no significant transactions took place between those dates and December 31, 2017.</div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following is additional information regarding the Bank&#8217;s most significant associates as of December 31, 2018 and 2017 (unaudited accounts):</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2018</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 35.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Company name</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assets</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Liabilities</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Income from</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">ordinary activities</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Profits (loss)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Dividends</div></div></div></td></tr><tr><td colspan="6" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">PA Viva Malls</div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,301,567</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">11,304</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">417,942</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">271,648</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9,064</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Protecci&#243;n S.A.</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,172,208</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">675,135</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,387,294</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">205,134</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">37,861</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Titularizadora Colombiana S.A. Hitos</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">151,447</div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">16,911</div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">50,213</div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">14,923</div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,824</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 1.11in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">The difference between, the net assets of Protecci&#243;n S.A. multiplied by the Bank&#8217;s percentage of ownership, which amounted to COP 308,048 for the year ended December 31, 2018 and the carrying amount of the Bank&#8217;s interest in the associate; represents the goodwill recognized by the Bank amounting to COP 170,434.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.38in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2017</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 35.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Company Name</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assets</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Liabilities</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Income from</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">ordinary activities</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Profits (loss)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Dividends</div></div></div></td></tr><tr><td colspan="6" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">PA Viva Malls</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,262,837</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">29,499</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">380,612</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">235,647</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">35,278</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Protecci&#243;n S.A.</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2)</div></div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,125,552</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">663,326</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,227,139</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">343,345</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">36,825</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Titularizadora Colombiana S.A. Hitos</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">614,032</div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">487,073</div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">35,714</div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,161</div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,121</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 1.11in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">The difference between the net assets of P.A. Viva Malls multiplied by the Bank&#8217;s percentage of ownership,&#160;which amounted to COP&#160;604,336 for the year ended December 31, 2017 and the carrying amount of the Bank&#8217;s interest in the associate, represents an adjustment amounted to COP 153,550 related to contractual terms with respect to the recognition of benefits.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">(2)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">The difference between the net assets of Protecci&#243;n S.A. multiplied by the Bank&#8217;s percentage of ownership, which amounted to COP 300,926 for the year ended December 31, 2017,&#160;and the carrying amount of the Bank&#8217;s interest in the associate, represents the goodwill recognized by the Bank amounting to COP 170,434</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following are the Joint ventures that the Bank holds as of December 31, 2018 and 2017:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-left: 0.1in; text-align: justify; text-indent: -0.1in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2018</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.1in; margin-top: 0px; text-align: justify; text-indent: -0.1in; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 36.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Company name</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 21.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Main activity</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 7.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Country</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 9.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">% of</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Ownership</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">interest</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 7.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Included in</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">earnings</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(1)</div></div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 7.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">OCI </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(2)</div></div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 7.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">OCI</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(Equity </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">method) </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(3</div></div><div style="vertical-align: super;font-size: smaller;display:inline;">)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Carrying</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">amount</div></div></div></td></tr><tr><td style="border-bottom: none; border-left: 1pt solid rgb(0, 0, 0); border-right: none; border-top: none; padding: 0px 3.5pt; vertical-align: middle; background-color: rgb(255, 255, 255);"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Compa&#241;&#237;a de financiamiento Tuya S.A <div style="vertical-align: super;font-size: smaller;display:inline;">(4)(5)</div></div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; background-color: rgb(255, 255, 255);"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Financing company</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; background-color: rgb(255, 255, 255);"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; background-color: rgb(255, 255, 255);"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">50.00%</div></div></td><td style="width: 6.78%; padding: 0in 3.5pt; background-color: rgb(255, 255, 255);"><div style="margin-bottom: 0.0001pt; text-align: right; line-height: normal; font-family: calibri, sans-serif; font-size: 10pt;">27,623</div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: none; border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 3.5pt; vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">431,510</div></div></td></tr><tr><td style="border-bottom: none; border-left: 1pt solid rgb(0, 0, 0); border-right: none; border-top: none; padding: 0px 3.5pt; vertical-align: middle; background-color: rgb(255, 255, 255);"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Puntos Colombia S.A.S </div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; background-color: rgb(255, 255, 255);"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Administration of the customers loyalty</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; background-color: rgb(255, 255, 255);"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; background-color: rgb(255, 255, 255);"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">50.00%</div></div></td><td style="width: 6.78%; padding: 0in 3.5pt; background-color: rgb(255, 255, 255);"><div style="margin-bottom: 0.0001pt; text-align: right; line-height: normal; font-family: calibri, sans-serif; font-size: 10pt;">(1,613)</div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,600</div></div></td></tr><tr><td style="border-bottom: none; border-left: 1pt solid rgb(0, 0, 0); border-right: none; border-top: none; padding: 0px 3.5pt; vertical-align: middle; background-color: rgb(255, 255, 255);"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">P.A Servicios Tecnol&#243;gicos Arus- Bancolombia <div style="vertical-align: super;font-size: smaller;display:inline;">(6)</div></div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; background-color: rgb(255, 255, 255);"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Technology services provider</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; background-color: rgb(255, 255, 255);"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; background-color: rgb(255, 255, 255);"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">50.00%</div></div></td><td style="width: 6.78%; padding: 0in 3.5pt; background-color: rgb(255, 255, 255);"><div style="margin-bottom: 0.0001pt; text-align: right; line-height: normal; font-family: calibri, sans-serif; font-size: 10pt;">-</div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: none; border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 3.5pt; vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,500</div></div></td></tr><tr><td style="border-bottom: none; border-left: 1pt solid rgb(0, 0, 0); border-right: none; border-top: none; padding: 0px 3.5pt; vertical-align: middle; background-color: rgb(255, 255, 255);"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Servicios de Aceptaci&#243;n S.A.S (in liquidation) <div style="vertical-align: super;font-size: smaller;display:inline;">(7)</div></div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; background-color: rgb(255, 255, 255);"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Network data transmission services</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; background-color: rgb(255, 255, 255);"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; background-color: rgb(255, 255, 255);"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">50.00%</div></div></td><td style="width: 6.78%; padding: 0in 3.5pt; background-color: rgb(255, 255, 255);"><div style="margin-bottom: 0.0001pt; text-align: right; line-height: normal; font-family: calibri, sans-serif; font-size: 10pt;">(110)</div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: none; border-left: 1pt solid rgb(0, 0, 0); border-right: none; border-top: none; padding: 0px 3.5pt; vertical-align: middle; background-color: rgb(255, 255, 255);"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Fideicomiso Ruta del Sol - compartimento A </div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; background-color: rgb(255, 255, 255);"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Investment in infrastructure projects</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; background-color: rgb(255, 255, 255);"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; background-color: rgb(255, 255, 255);"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">50.00%</div></div></td><td style="width: 6.78%; padding: 0in 3.5pt; background-color: rgb(255, 255, 255);"><div style="margin-bottom: 0.0001pt; text-align: right; line-height: normal; font-family: calibri, sans-serif; font-size: 10pt;">(9)</div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">13</div></div></td><td style="background: rgb(255, 255, 255); border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: rgb(255, 255, 255); border-bottom: none; border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 3.5pt; vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td colspan="3" style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net investments in joint ventures </div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">25,891</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">13</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">438,610</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.1in; margin-top: 0px; text-align: justify; text-indent: -0.1in; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Corresponds to the income recognized as equity method in the statement of income for the year ended December 31, 2018</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Corresponds to the accumulated other comprehensive income as of December 31, 2018</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(3)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Corresponds to the other comprehensive income recognized as equity method for the year ended December 31, 2018</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(4)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">The revaluation of the consumer loan portfolio in Colombia increased significantly during 2018, and there was an improvement in loan coverage rates due to the economic cycle in the country and the current payment behavior in the consumer segment.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-left: 0.25in;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">As a result, management measured the recoverable amount of Tuya's Cash Generation Unit (CGU). The measurement was estimated by determining the fair value of the asset which implies the professional services of a business valuation specialist; as a result of the valuation the Bank recognized a recovery of the impairment loss of COP 173,339. For more information about the applied valuation technique, see note 29 Fair value of assets and liabilities.</div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(5)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">In March 2018, The Bank increases its capital contribution in Compa&#241;ia de Financiamiento TUYA S.A for COP 5,000</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(6)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">In December 2018, Banca de Inversi&#243;n Bancolombia, a Bank&#8217;s subsidiary, entered into an agreement with ARUS whereby both parties have joint control to the net assets of P.A Servicios Tecnol&#243;gicos Arus- Bancolombia. The purpose of the entity is to provide technology services.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(7)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">The joint venture of Servicios de Aceptaci&#243;n SAS was derived from the alliance between Bancolombia and First Data for improving the development of the credit card business for individuals, however the strategy was refocused in 2018. Consequently, both parties agreed to advance in the development of this business considering First Data as the Bank&#8217;s service provider of processing data and to dissolve the joint venture.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2017</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 36.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Company name</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 21.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Main activity</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 7.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Country</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 9.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">% of</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Ownership</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">interest</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 7.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Included in</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">earnings</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(1)</div></div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 7.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;margin-bottom: 0;margin-top: 0;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">OCI </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(2)</div></div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 7.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">OCI</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(Equity</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">method) </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(3</div></div><div style="vertical-align: super;font-size: smaller;display:inline;">)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Carrying</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">amount</div></div></div></td></tr><tr><td colspan="8" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Compa&#241;&#237;a de financiamiento Tuya S.A <div style="vertical-align: super;font-size: smaller;display:inline;">(4)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Financing company</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">50.00%</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">20,778</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">225,548</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Puntos Colombia S.A.S <div style="vertical-align: super;font-size: smaller;display:inline;">(5)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Administration of the customers loyalty</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">50.00%</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,787)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,213</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Servicios de Aceptaci&#243;n S.A </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Network data transmission services</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">50.00%</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,663</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,688</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Fideicomiso Ruta del Sol - compartimento A<div style="vertical-align: super;font-size: smaller;display:inline;">(6)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Investment in infrastructure projects</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">50.00%</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(6,385)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">13</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td colspan="3" style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net investments in joint ventures </div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; background: none;">&#160;</div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">14,269</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">13</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">237,449</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Corresponds to the income recognized as equity method in the statement of income for the year ended December 31, 2017. See note 24.5 Dividends received, and share of profits of equity method investees</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Corresponds to the accumulated other comprehensive income as of December 31, 2017.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(3)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Corresponds to the other comprehensive income recognized as equity method for the year ended December 31, 2017.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(4)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">On December 2017, given the continued impairment of the consumer loans portfolio of the company during 2017, the Bank management performed a valuation, to establish the fair value of the Compa&#241;&#237;a de Financiamiento TUYA S.A. As a result of the valuation, the fair value of the investment was lower than the book value, for this, the Bank recorded an impairment in the statement of income for COP 173,339. See note 29 Fair value for assets and liabilities.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(5)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">In June 2017, Banca de Inversi&#243;n Bancolombia formed a joint venture with Grupo &#201;xito. The purpose of the company is the developing and administration of customer&#8217;s loyalty programs provided by both parties in the agreement.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(6)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Given the losses of Fideicomiso Ruta del Sol - compartimento A for the year 2017, the aplication of the equity method resulted in a reduction of the total book value of the investment.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following is complementary information regarding the Bank&#8217;s most significant joint ventures as of December 31, 2018 and 2017:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-left: 0.1in; text-align: justify; text-indent: -0.1in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2018</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 35.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Company name</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assets</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Liabilities</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Income from </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">ordinary activities</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Profits (loss)</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Dividends</div></div></div></td></tr><tr><td colspan="6" style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millons of COP</div></div></div></td></tr><tr><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Compa&#241;&#237;a de financiamiento TUYA S.A.</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,790,596</div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,447,483</div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,450,242</div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">55,258</div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-left: 0.10in;margin-top: 0;text-align: justify;text-indent: -0.10in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">.</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-left: 0.1in; text-align: justify; text-indent: -0.1in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2017</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.1in; margin-top: 0px; text-align: justify; text-indent: -0.1in; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 35.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Company name</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assets</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Liabilities</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Income from </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">ordinary activities</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Profits (loss)</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Dividends</div></div></div></td></tr><tr><td colspan="6" style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millons of COP</div></div></div></td></tr><tr><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Compa&#241;&#237;a de financiamiento TUYA S.A.</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,571,106</div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,293,239</div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,344,712</div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">41,556</div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">371</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="border-bottom: solid #ffffff 1.0pt;border-left: none;border-right: none;border-top: none;"><div style="font-family: 'times new roman', 'serif';font-size: 16pt;margin-bottom: 0;margin-top: 0;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 16pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">NOTE 5. FINANCIAL ASSETS INVESTMENTS AND DERIVATIVES</div></div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5.1</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Financial assets investments</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank&#8217;s securities portfolios at fair value through profit or loss, other comprehensive income and at amortized cost are listed below, as of December 31, 2018 and 2017:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">On January 1, 2018 the Bank adopted IFRS 9. Consequently, some debt securities have been reclassified from one portfolio to another or remeasured considering the Bank&#8217;s definition of its business model under IFRS 9.&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 81%;;margin-left :auto;margin-right :auto;"><tr><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); border-top: 1pt solid rgb(0, 0, 0); padding: 0px 3.5pt; vertical-align: middle; width: 34%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Debt instruments</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 32.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Measurement under IFRS </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">9 (2013)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 22.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Measurement under </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">IFRS 9 (2014) </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-right: 1pt solid rgb(0, 0, 0); border-top: 1pt solid rgb(0, 0, 0); padding: 0px 3.5pt; vertical-align: middle; width: 12%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Difference</div></div></div></td></tr><tr><td colspan="4" style="border-bottom: 1pt solid rgb(0, 0, 0); border-top: 1pt solid rgb(0, 0, 0); padding: 0px 3.5pt; vertical-align: middle; width: 100%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; font-weight: normal; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="font-weight:bold;display:inline;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, times, serif; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;;font-weight:bold;display:inline;">In millions of COP</div></div></div></div></td></tr><tr><td style="border-bottom: none; border-left: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 3.5pt; vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Fair value through profit or loss</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,701,855</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,777,923</div></div></td><td style="border-bottom: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 3.5pt; vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,923,932)</div></div></td></tr><tr><td style="border-bottom: none; border-left: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 3.5pt; vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Amortized cost</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,157,568</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,121,981</div></div></td><td style="border-bottom: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 3.5pt; vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,035,587)</div></div></td></tr><tr><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 3.5pt; vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Transfer to Fair value through other comprehensive income</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,991,352</div></div></td><td style="border-bottom: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 3.5pt; vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,991,352</div></div></td></tr><tr><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 3.5pt; vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total debt instruments</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">14,859,423</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">14,891,256</div></div></div></td><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-right: 1pt solid rgb(0, 0, 0); border-top: 1pt solid rgb(0, 0, 0); padding: 0px 3.5pt; vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">31,833</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 54pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, times, serif; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;;font-style:italic;display:inline;;font-style:italic;display:inline;">For further information, see classification under IFRS 9, as described in Note 32 impacts on application of new standards.</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The detail of the carrying value of the financial assets investments is as follows as of December 31, 2018:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div><div style="text-decoration: none; background: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><div style="font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; text-align: left; color: rgb(0, 117, 192); background: none;"></div><table style="font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; width: 100%; border-collapse: collapse; border-spacing: 0px;"><tr><td rowspan="2" style="border: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 10pt; font-size: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; line-height: 15.3333px; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Financial assets investments</div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 15.3333px; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif;">&#160;</td><td colspan="2" style="border-bottom: 1pt solid black; border-top: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 10pt; font-size: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; line-height: 15.3333px; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Measurement methodology</div></div></td><td rowspan="2" style="border-bottom: 1pt solid black; border-top: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif;"><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:center"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total carrying</div></div></div><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:center"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">value</div></div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif;"><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:center"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair value through</div></div></div><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:center"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">profit or loss</div></div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif;"><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:center"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair value through other</div></div></div><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:center"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">comprehensive income</div></div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 10pt; font-size: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; line-height: 15.3333px; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Amortized cost</div></div></td></tr><tr style="vertical-align:top"><td colspan="5" style="border-bottom: 1pt solid black; border-right: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 117, 192); line-height: 15.3333px; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></td></tr><tr><td style="border-left: 1pt solid black; padding: 0px 3.5pt; line-height: 10pt; width: 744.688px; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; line-height: 15.3333px; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by the Colombian Government</div></div></td><td style="vertical-align: top; width: 273.688px; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; line-height: 15.3333px; letter-spacing: 0px; top: 0px;;display:inline;">7,242,168</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 10pt; width: 273.688px; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; line-height: 15.3333px; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 10pt; width: 273.688px; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; line-height: 15.3333px; letter-spacing: 0px; top: 0px;;display:inline;">50,243</div></td><td style="border-right: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 10pt; width: 272.688px; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; line-height: 15.3333px; letter-spacing: 0px; top: 0px;;display:inline;">7,292,411</div></td></tr><tr><td style="border-left: 1pt solid black; padding: 0px 3.5pt; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; line-height: 15.3333px; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by foreign governments</div></div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; line-height: 15.3333px; letter-spacing: 0px; top: 0px;;display:inline;">817,639</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; line-height: 15.3333px; letter-spacing: 0px; top: 0px;;display:inline;">3,143,488</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; line-height: 15.3333px; letter-spacing: 0px; top: 0px;;display:inline;">272,073</div></td><td style="border-right: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; line-height: 15.3333px; letter-spacing: 0px; top: 0px;;display:inline;">4,233,200</div></td></tr><tr><td style="border-left: 1pt solid black; padding: 0px 3.5pt; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; line-height: 15.3333px; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by government entities</div></div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; line-height: 15.3333px; letter-spacing: 0px; top: 0px;;display:inline;">43,846</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; line-height: 15.3333px; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; line-height: 15.3333px; letter-spacing: 0px; top: 0px;;display:inline;">1,875,260</div></td><td style="vertical-align: top; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; line-height: 15.3333px; letter-spacing: 0px; top: 0px;;display:inline;">1,919,106</div></td></tr><tr><td style="border-left: 1pt solid black; padding: 0px 3.5pt; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="color: rgb(0, 0, 0); font-family: 'times new roman', times, serif; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;;font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by other financial institutions<div style="vertical-align: super;font-size: smaller;display:inline;">(1)</div></div> </td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; line-height: 15.3333px; letter-spacing: 0px; top: 0px;;display:inline;">661,176</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; line-height: 15.3333px; letter-spacing: 0px; top: 0px;;display:inline;">186,250</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; line-height: 15.3333px; letter-spacing: 0px; top: 0px;;display:inline;">143,750</div></td><td style="vertical-align: top; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; line-height: 15.3333px; letter-spacing: 0px; top: 0px;;display:inline;">991,176</div></td></tr><tr><td style="border-left: 1pt solid black; padding: 0px 3.5pt; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; line-height: 15.3333px; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Corporate bonds</div></div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; line-height: 15.3333px; letter-spacing: 0px; top: 0px;;display:inline;">145,032</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; line-height: 15.3333px; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; line-height: 15.3333px; letter-spacing: 0px; top: 0px;;display:inline;">1,140,602</div></td><td style="vertical-align: top; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; line-height: 15.3333px; letter-spacing: 0px; top: 0px;;display:inline;">1,285,634</div></td></tr><tr><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 117, 192); line-height: 15.3333px; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total debt instruments</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 117, 192); line-height: 15.3333px; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">8,909,861</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 117, 192); line-height: 15.3333px; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,329,738</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 117, 192); line-height: 15.3333px; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,481,928</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; border-top: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 117, 192); line-height: 15.3333px; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">15,721,527</div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 117, 192); line-height: 15.3333px; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total equity securities</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 117, 192); line-height: 15.3333px; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,101,461</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 117, 192); line-height: 15.3333px; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">538,487</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 117, 192); line-height: 15.3333px; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 117, 192); line-height: 15.3333px; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,639,948</div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 117, 192); line-height: 15.3333px; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total financial assets Investments</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 15.3333px; font-family: &quot;times new roman&quot;, times, serif;">&#160;</td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 15.3333px; font-family: &quot;times new roman&quot;, times, serif;">&#160;</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 15.3333px; font-family: &quot;times new roman&quot;, times, serif;">&#160;</td><td style="border-bottom: 1pt solid black; vertical-align: top; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 117, 192); line-height: 15.3333px; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">17,361,475</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px; background: none;"></div><div style="font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; text-align: left; color: rgb(0, 117, 192); background: none;"><div style="text-decoration: none; background: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div><div style="background: none; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; text-decoration: none; top: 0px;;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"> Includes mortgage-backed securities (TIPS) measured at fair value through profit or loss amounting to COP 196,920 and amortized cost amounting to COP 7. For further information on TIPS&#8217; fair value measurement see Note 29 fair value of assets and liabilities.</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">As of December 31, 2017, the finalcial assets investments was classsifed according to IFRS 9 (2013).</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div><div style="text-decoration: none; background: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; width: 100%; border-collapse: collapse; border-spacing: 0px;"><tr><td rowspan="2" style="border-width: 1pt; border-style: solid; border-color: black; padding: 0px 3.5pt; text-align: center; line-height: 10pt; font-size: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Financial assets investments</div></div></td><td colspan="2" style="border-bottom: 1pt solid black; border-top: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 10pt; font-size: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Measurement methodology</div></div></td><td rowspan="2" style="border-bottom: 1pt solid black; border-top: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; white-space: nowrap;"><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:center"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total carrying</div></div></div><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:center"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">value</div></div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; white-space: nowrap;"><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:center"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair value through</div></div></div><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:center"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">profit or loss</div></div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 10pt; font-size: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Amortized cost</div></div></td></tr><tr><td colspan="4" style="border-bottom: 1pt solid black; border-right: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 10pt; font-size: 10pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></td></tr><tr><td style="border-left: 1pt solid black; width: 895.688px; padding: 0px 3.5pt; text-align: left; line-height: 10pt; font-size: 10pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by the Colombian Government</div></div></td><td style="vertical-align: top; width: 405.688px; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,003,147</div></td><td style="vertical-align: top; width: 273.688px; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,965</div></td><td style="border-right: 1pt solid black; vertical-align: top; width: 272.688px; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,016,112</div></td></tr><tr><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 10pt; font-size: 10pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by foreign governments</div></div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,471,994</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,050,855</div></td><td style="border-right: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,522,849</div></td></tr><tr><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 10pt; font-size: 10pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by government entities</div></div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">36,038</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,926,554</div></td><td style="vertical-align: top; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,962,592</div></td></tr><tr><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 10pt; font-size: 10pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by other financial institutions</div></div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,052,776</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">225,431</div></td><td style="vertical-align: top; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,278,207</div></td></tr><tr><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 10pt; font-size: 10pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Corporate bonds</div></div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">137,900</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">941,763</div></td><td style="vertical-align: top; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,079,663</div></td></tr><tr><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 10pt; font-size: 10pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total debt instruments</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">10,701,855</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">4,157,568</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; border-top: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">14,859,423</div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 10pt; font-size: 10pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total equity securities</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 15.3333px; font-family: &quot;times new roman&quot;, times, serif;">&#160;</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 15.3333px; font-family: &quot;times new roman&quot;, times, serif;">&#160;</td><td style="border-bottom: 1pt solid black; vertical-align: top; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,517,830</div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total financial assets investments</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 15.3333px; font-family: &quot;times new roman&quot;, times, serif;">&#160;</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 15.3333px; font-family: &quot;times new roman&quot;, times, serif;">&#160;</td><td style="border-bottom: 1pt solid black; vertical-align: top; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">16,377,253</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px; background: none;"></div><div style="font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; text-align: justify; color: rgb(0, 117, 192); background: none;"><div style="text-decoration: none; background: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following tables set forth the debt instruments portfolio by maturity:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2018</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 96%;;margin-left :auto;margin-right :auto;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 40.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Less than 1</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">year</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Between 1 and 3</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">years</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Between 3 and 5</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">years</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Greater than 5</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">years</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td></tr><tr><td colspan="6" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td colspan="6" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Securities at fair value through profit or loss</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by the Colombian Government</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,376,212</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,142,086</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">884,248</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,839,622</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,242,168</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by foreign governments </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">511,149</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">25,165</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">55,041</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">226,284</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">817,639</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by government entities</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">27,905</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,488</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">109</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,344</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">43,846</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by other financial institutions</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">169,615</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">164,208</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">105,231</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">222,122</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">661,176</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Corporate bonds</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">28,539</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">20,739</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">47,415</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">48,339</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">145,032</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Subtotal</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,113,420</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,362,686</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,092,044</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,341,711</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">8,909,861</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair value through other comprehensive income</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by foreign governments </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,334,351</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,018,119</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">593,346</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">197,672</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,143,488</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by other financial institutions</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,807 </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">180,443 </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">186,250 </div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Subtotal </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,340,158 </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,018,119 </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">593,346 </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">378,115 </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,329,738 </div></div></div></td></tr><tr><td colspan="6" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Securities at amortized cost</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by the Colombian Government </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">50,243</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">50,243</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by foreign governments </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,534 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9,897 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,661 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">246,981 </div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">272,073 </div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by government entities </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,875,260 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,875,260 </div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by other financial institutions </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">85,366</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">23,650</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">34,734</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">143,750</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Corporate bonds </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">56,546</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">265,853</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">818,203</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,140,602</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Subtotal </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,023,403</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">90,093</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">303,248</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,065,184</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,481,928</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total debt instruments</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">6,476,981</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,470,898</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,988,638</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,785,010</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">15,721,527</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">For further information, see classification under IFRS 9, as described in Note 2.D Significant accounting policies.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2017</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 96%;;margin-left :auto;margin-right :auto;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 40.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Less than 1 </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">year</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Between 1 and 3</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">years</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Between 3 and 5</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">years</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Greater than 5</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">years</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td></tr><tr><td colspan="6" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td colspan="6" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Securities at fair value through profit or loss</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by the Colombian Government</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,163,682</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,299,116</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,164,689</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">375,660</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,003,147</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by foreign governments </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">962,640</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">408,586</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">736,105</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">364,663</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,471,994</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by government entities</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">11,134</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">14,825</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,946</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,133</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">36,038</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by other financial institutions</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">157,434</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">250,395</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">143,353</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">501,594</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,052,776</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Corporate bonds</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">35,255</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">16,027</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">21,419</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">65,199</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">137,900</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Subtotal</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,330,145</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,988,949</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,072,512</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,310,249</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">10,701,855</div></div></div></td></tr><tr><td colspan="6" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Securities at amortized cost</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by the Colombia Government </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,965 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,965 </div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by foreign governments</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">241,944</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">184,454</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">415,229</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">209,228</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,050,855</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by government entities</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,909,363</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">17,191</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,926,554</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by other financial institutions</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">117,075</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">68,166</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">40,190</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">225,431</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Corporate bonds</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">26,668</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">15,945</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">148,684</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">750,466</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">941,763</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Subtotal</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,295,050</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">298,721</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">604,103</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">959,694</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">4,157,568</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total debt instruments</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5,625,195</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">4,287,670</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,676,615</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,269,943</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">14,859,423</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">For further information related to disclosures of the fair value of securities, please see Note 29 Fair value of assets and liabilities.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table shows the fair value of equity securities:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td rowspan="2" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Equity securities</div></div></div></td><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Carrying amount</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 63.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Total of securities at fair value through profit or loss </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 18.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,101,461</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 19.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">988,455</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Total of securities at fair value through OCI</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">538,487</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">529,375</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total equity securities</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,639,948</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,517,830</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">(1)&#160;</div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">The growth is mainly due to the increase of the Sura Assets Management fair value by COP 69,162 at the end of the year 2018. In accordance with the price conditions agreed with Caisse de D&#233;p&#244;t et Placement du Qu&#233;bec (CDPQ) for the sale of this investment, the total Bank&#8217;s shareholding will be sold for (USD 135,173) COP 439,279.</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The investment securities held by Capital Investment SAFI S.A. y FiduPer&#250; S.A. were considered as assets held for sale at December 31, 2017, amounting to COP 1,345. At December 31, 2018, there are not investment securities considered as investments held for sale. For further information, see Note 12 Assets held for sale and inventories.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank has recognized in the consolidated statement of comprehensive income COP 33,838 in 2018, COP 77,304 in 2017 and COP 275,031 in 2016 related to equity securities and trust funds at fair value through OCI. See Consolidated Statement of Comprehensive Income</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Equity securities that have been designated to be measured at fair value through OCI are considered strategic for the Bank and, thus, there is no intention to sell them in the foreseeable future and that is the main reason for using this presentation alternative.</div></div> <table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table details the equity instruments designated at fair value through other comprehensive income analyzed by listing status:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td rowspan="2" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Equity securities</div></div></div></td><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Carrying amount</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 63.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Securities at fair value through OCI</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">:</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 18.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 19.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Equity securities listed in Colombia</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">71,626</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">76,178</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Equity securities listed elsewhere</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,319</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,766</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Equity securities unlisted: </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 10.0pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">TELERED</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100,126</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">82,384</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 10.0pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Asociaci&#243;n Gremial de Instituciones Financieras Credibanco S.A.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">84,807</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">85,342</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 10.0pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">CIFI</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">23,663</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">29,922 </div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 10.0pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Compa&#241;&#237;a De Procesamiento de Medios de Pago Guatemala(Bahamas), S. A.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">17,408</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">11,009</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 10.0pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Transacciones y Transferencias, S. A.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,424</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,059</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 10.0pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">CADENALCO</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,964</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,782</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 10.0pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Deceval</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">22,024</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 10.0pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Others</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">226,150</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">205,909 </div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total equity securities at fair value through OCI</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">538,487</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">529,375</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"> Between 2018 and 2017 Deceval was totally sold for COP 21,444 due to the merger between Bolsa de Valores de Colombia (BVC) and Deceval. This transaction transferred from OCI to retained earnings the amount of COP 20,644.</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; text-indent: 0.5in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">During 2018, 2017 and 2016 no impairment loss was recognized on equity securities. Dividends received from equity investments at fair value through OCI held as of December 31, 2018, 2017 and 2016 amounted to COP 13,105, COP 11,951 and COP 9,317, respectively. See Note 24.5 Dividends received, and share of profits of equity method investees.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Equity investments do not have a specific maturity date; therefore, they are not included in the maturity detail.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The detail of the securities pledged as collateral as of December 31, 2018 and 2017 is as follows:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2018</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 43.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Pledged financial assets</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 23.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Term</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 18.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Security pledged</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 16.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Carrying amount</div></div></div></td></tr><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); 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letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by the Colombian Government</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Less than 3 months</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">TES-Treasury instruments</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;264,292 </div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by the Colombian Government</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Between 3 and 6 months</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">TES-Treasury instruments</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;67,658 </div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by the Colombian Government</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Between 6 and 12 months</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">TES-Treasury instruments</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;713,974 </div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by the Colombian Government</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Greater 12 months</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">TES-Treasury instruments</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;1,131,623 </div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by foreign governments</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Greater 12 months</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; 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letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by other financial institutions</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Greater 12 months</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">CDT</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;181,951 </div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Subtotal investments pledged as collateral in money market</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,647,816</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Investments pledged as collateral in derivative operations</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Equity securities listed in stock market</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Less than 3 months</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Stocks</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;91 </div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by the Colombian Government</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Between 3 and 6 months</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">TES - Treasury instruments</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;1,353 </div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by the Colombian Government</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Between 6 and 12 months</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">TES - Treasury instruments</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;168,375 </div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by the Colombian Government</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Greater 12 months</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">TES - Treasury instruments</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;10,182 </div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Subtotal investments pledged as collateral in derivative operations</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;180,001</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total securities pledged as collateral</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;2,827,817 </div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2017</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 43.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Pledged financial assets</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 23.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Term</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 18.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Security pledged</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 16.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Carrying amount</div></div></div></td></tr><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td colspan="4" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Investments pledged as collateral in repo operations</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by the Colombian Government</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Greater twelve months</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">TES - Treasury instruments</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,744,736</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by the Colombian Government</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Between six and twelve months</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">TES - Treasury instruments</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">877,673</div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Subtotal investments pledged as collateral in repo operations</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,622,409</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Investments pledged as collateral in derivative operations</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by the Colombian Government</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;">Between six and twelve months</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">TES - Treasury instruments</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">78,688</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by the Colombian Government</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;">Greater twelve months</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">TES - Treasury instruments</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">40,247</div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Subtotal investments pledged as collateral in derivative operations</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">118,935</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total securities pledged as collateral</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,741,344</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank has adopted IFRS 9 on January 1, 2018. Consequently, the following tabular information is only disclosed for the year ending on December 31, 2018.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table shows the breakdown of the changes in the gross carrying amount of the debt securities at Fair value through other comprehensive income and Amortized cost, in order to explain their significance to the changes in the loss allowance for the same portfolio as discussed above:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: 0.75pt solid black; border-left: 1pt solid rgb(0, 0, 0); border-right: none; border-top: 1pt solid rgb(0, 0, 0); padding: 0px 0px 0px 10pt; vertical-align: middle; width: 54%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Debt instruments portfolio measure at fair value through OCI and amortized cost</div></div></div></td><td style="border-bottom: 0.75pt solid black; border-left: none; border-right: none; border-top: 1pt solid rgb(0, 0, 0); padding: 0pt 0px; vertical-align: middle; width: 15%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Stage 1</div></div></div></td><td style="border-bottom: 0.75pt solid black; border-left: none; border-right: none; border-top: 1pt solid rgb(0, 0, 0); padding: 0pt 0px; vertical-align: middle; width: 17%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Stage 2</div></div></div></td><td style="border-bottom: 0.75pt solid black; border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: 1pt solid rgb(0, 0, 0); padding: 0pt 0px; vertical-align: middle; width: 14%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td></tr><tr><td colspan="4" style="border-bottom: 0.75pt solid black; border-left: 1pt solid rgb(0, 0, 0); border-right: none; border-top: none; padding: 0px 3.5pt; vertical-align: top; width: 0px; text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, times, serif; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;;font-weight:bold;display:inline;">In millions of COP</div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Gross carrying amount as at 1 January 2018 </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5,673,059 </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">440,273 </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">6,113,332 </div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Transfers: </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 10.0pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Transfer from Stage 2 to Stage 1</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">153,447 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(153,447)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Change in measurement <div style="vertical-align: super;font-size: smaller;display:inline;">(2)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">130,671</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">130,671</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Financial assets derecognized during the period other than write-offs</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(3,124,605)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(279,488)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(3,404,093)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">New financial assets purchased </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,859,206</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">393</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,859,599</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Valuation on investments and Write-offs</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(133,232)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,109 </div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(129,123)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Foreign exchange</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">226,961 </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">14,319 </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">241,280 </div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Gross carrying amount as at 31 December 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">6,785,507 </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">26,159 </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">6,811,666 </div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.06in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 0.3pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">(1)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">For further information, see adoption of new accounting standards in Note 32 Impacts on application of new standars</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 0.3pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">(2)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Change in measurement to transfer a small proportion of Grupo Agromercantil Holding debt instruments portfolio from fair value to amortized cost.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following shows provisions detail using the expected credit losses model:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2018</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); border-top: 1pt solid rgb(0, 0, 0); padding: 0px 3.5pt; vertical-align: middle; width: 54%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Concept</div></div></div></td><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-top: 1pt solid rgb(0, 0, 0); padding: 0px 3.5pt; vertical-align: middle; width: 15%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Stage 1</div></div></div></td><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-top: 1pt solid rgb(0, 0, 0); padding: 0px 3.5pt; vertical-align: middle; width: 17%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Stage 2</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td></tr><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Securities at amortized cost</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,456,164 </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">25,764 </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,481,928 </div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Carrying amount</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,467,285 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">26,373 </div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,493,658 </div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Loss allowance</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(11,121)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(609)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(11,730)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Securities at fair value through other comprehensive income</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,329,345 </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">393 </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,329,738 </div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Carrying amount</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,332,398 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">393 </div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,332,791 </div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Loss allowance</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(3,053)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(3,053)</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The changes in allowance are mainly due the expected credit losses model in debt instruments measured at amortized cost.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table sets forth the changes in the allowance for debt instruments measured at amortized cost and fair value through other comprehensive income:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); border-top: 1pt solid rgb(0, 0, 0); padding: 0px 3.5pt; vertical-align: middle; width: 54%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Concept</div></div></div></td><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-top: 1pt solid rgb(0, 0, 0); padding: 0px 3.5pt; vertical-align: middle; width: 15%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Stage 1</div></div></div></td><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-top: 1pt solid rgb(0, 0, 0); padding: 0px 3.5pt; vertical-align: middle; width: 17%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Stage 2</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td></tr><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Balance of January 1, 2018</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,932 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,797 </div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">15,729 </div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net effect in loss allowance changes </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,044 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,467)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,577 </div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 9.8pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Transfer to 12-Month ECL</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">3,955 </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(500)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">3,455 </div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 9.8pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Transfer to lifetime ECL not credit-impaired</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">1,089</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1,967)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(878) </div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">New debt instruments purchased</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,508 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,508 </div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Debt instruments that have been derecognized</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(7,072)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(3,714)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(10,786)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Translation adjustment</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">762</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(7)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">755 </div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Balance of December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">14,174</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">609</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">14,783 </div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The decrease in stage 2 is due to changes in debt instruments to stage 1 due to improvements in portfolio&#8217;s credit risk and a better performance of the Salvadorian economy due to an increase of the received remittances.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5.2</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Derivative financial instruments</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank derivative activities do not give rise to significant open positions in portfolios of derivatives. The Bank enters into derivative transactions to facilitate customer business, for hedging purposes and arbitrage activities, such as forwards, options or swaps where the underlying are exchange rates, interest rates and securities.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">A swap agreement is a contract between two parties to exchange cash flows based on specified underlying notional amounts, assets and/or indices. Financial futures and forward settlement contracts are agreements to buy or sell a quantity of a financial instrument (including another derivative financial instrument), index, currency or commodity at a predetermined rate or price during a period or at a date in the future. Futures and option contracts are standardized agreements for future delivery, traded on exchanges that typically act as a platform.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">For further information related to the objectives, policies and processes for managing the Bank&#8217;s risk, please see Note 31 Risk management.</div></div> <table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table sets forth for the Bank&#8217;s derivatives by type of risk as of December 31, 2018 and 2017:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 48.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Derivatives</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 27.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 25.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Forwards</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assets</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-indent: 0.13in; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Foreign exchange contracts</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">294,345</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">172,310</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Equity contracts</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">981</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">372</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Subtotal assets</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">295,326</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">172,682</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Liabilities</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; text-indent: 0.13in; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Foreign exchange contracts</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(299,015)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(142,976)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Equity contracts</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(7,585)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(4,470)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Subtotal liabilities</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(306,600)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(147,446)</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total forwards</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(11,274)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">25,236</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Swaps</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assets</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; text-indent: 0.13in; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Foreign exchange contracts</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,199,236</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">672,558</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Interest rate contracts</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">252,928</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">274,137</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Subtotal assets</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,452,164</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">946,695</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Liabilities</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; text-indent: 0.13in; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Foreign exchange contracts</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(700,903)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(505,823)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Interest rate contracts</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(257,978)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(275,641)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Subtotal liabilities</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(958,881)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(781,464)</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total swaps</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">493,283</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">165,231</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Options</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assets</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; text-indent: 0.13in; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Foreign exchange contracts</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">96,218</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">14,995</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Subtotal assets</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">96,218</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">14,995</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Liabilities</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; text-indent: 0.13in; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Foreign exchange contracts</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(29,589)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(16,943)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Subtotal liabilities</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(29,589)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(16,943)</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total options</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">66,629</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(1,948)</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Derivative assets</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,843,708</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,134,372</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Derivative liabilities</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(1,295,070)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(945,853)</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total, net</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">548,638</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">188,519</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The table below present the notional amounts of the derivatives contracts as of December 31, 2018 and 2017:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 48.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Derivatives</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 27.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 25.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Forwards</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assets</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Foreign exchange contracts</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,968,445</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">11,618,005</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Equity contracts</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">495,124</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,010,557</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Subtotal assets</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">11,463,569</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">12,628,562</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Liabilities</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; text-indent: 0.13in; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Foreign exchange contracts</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(11,482,549)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(10,276,967)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Equity contracts</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,278,708)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,796,020)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Subtotal liabilities</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(13,761,257)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(12,072,987)</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total forwards</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(2,297,688)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">555,575</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Swaps</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assets</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; text-indent: 0.13in; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Foreign exchange contracts</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,504,017</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,188,880</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Interest rate contracts</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">21,281,866</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">16,315,701</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Subtotal assets</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">31,785,883</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">22,504,581</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Liabilities</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; text-indent: 0.13in; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Foreign exchange contracts</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(4,962,024)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(4,163,466)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Interest rate contracts</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(16,997,169)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(15,850,149)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Subtotal liabilities</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(21,959,193)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(20,013,615)</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total swaps</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">9,826,690</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,490,966</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Options</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assets</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; text-indent: 0.13in; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Foreign exchange contracts</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,797,496</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">697,346</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Subtotal assets</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,797,496</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">697,346</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Liabilities</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; text-indent: 0.13in; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Foreign exchange contracts</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,638,795)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(682,197)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Subtotal liabilities</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(1,638,795)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(682,197)</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total options</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">158,701</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">15,149</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Futures</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assets</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; text-indent: 0.13in; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Foreign exchange contracts</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,426,478</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,772,283</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Equity contracts</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">54,002</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">175,500</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Subtotal assets</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,480,480</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,947,783</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Liabilities</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; text-indent: 0.13in; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Foreign exchange contracts</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,434,115)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Equity contracts</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(3,000)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Subtotal liabilities</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(1,437,115)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total futures</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">43,365</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,947,783</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Derivative assets</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">46,527,428</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">39,778,272</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Derivative liabilities</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(38,796,360)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(32,768,799)</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total, net</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">7,731,068</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">7,009,473</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table sets forth the remaining contractual life of the derivatives portfolio:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2018</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 27.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: center; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 19.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Forwards</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 19.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Swaps</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 18.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Options</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 17.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assets </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">295,326</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,452,164</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">96,218</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,843,708</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Up to 1 year</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">277,578</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">645,735</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">69,292</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">992,605</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">From 1 to 3 years</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">17,741</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">345,321</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">26,926</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">389,988</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Over 3 years</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">461,108</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">461,115</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Liabilities</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(306,600)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(958,881)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(29,589)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(1,295,070)</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Up to 1 year</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(292,585)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(270,900)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(17,305)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(580,790)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">From 1 to 3 years</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(14,015)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(262,848)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(12,284)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(289,147)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Over 3 years</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(425,133)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(425,133)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(11,274)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">493,283</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">66,629</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">548,638</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2017</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 27.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: center; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 19.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Forwards</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 19.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Swaps</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 18.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Options</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 17.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assets </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">172,682</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">946,695</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">14,995</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,134,372</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Up to 1 year</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">170,299</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">240,690</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">14,229</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">425,218</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">From 1 to 3 years</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,383</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">339,934</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">766</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">343,083</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Over 3 years</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">366,071</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">366,071</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Liabilities</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(147,446)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(781,464)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(16,943)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(945,853)</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Up to 1 year</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(141,326)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(135,749)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(15,836)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(292,911)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">From 1 to 3 years</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(6,120)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(321,708)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,107)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(328,935)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Over 3 years</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(324,007)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(324,007)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">25,236</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">165,231</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(1,948)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">188,519</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Collateral for derivatives</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The table below presents the cash collateral amounts posted under derivatives contracts as of December 31, 2018 and 2017:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; text-indent: 0.79in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 48.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 27.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 25.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; 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font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">154,599 </div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Collateral received</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(471,340)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(264,700)</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Hedge accounting</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank, through Banistmo, has entered into derivatives to manage its interest risk. Those derivatives are designated as hedging instruments to protect the Bank against changes in the fair value of Banistmo&#180;s position in debt instruments issued by the Panamanian Government (fair value hedge). In order to protect against interest risk due to changes in cash flows related to Banitmo&#8217;s portfolio of floating-rate deposits (cash flow hedge), Banistmo entered into cash flow hedge contracts until March 2016, when the hedging relationship was discontinued. The hedge effectiveness assessment is performed on a monthly basis consistently throughout the hedging relationship. For fair value hedges, the changes in value of the hedging derivative, as well as the changes in value of the related hedged item concerning to the risk hedged, are reflected in the statement of income in the line &#8220;Interest and valuation on investments&#8221;.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair value hedging</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">As of December 31, 2018 and 2017, Banistmo has designated 7 and 12 asset derivative contracts (Interest rate swaps), respectively, as fair value hedging instruments with maturity dates ranging from September 2019 to December 2027.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">As of December 31, 2018 and 2017, Banistmo has designated 5 liability derivative contracts (Interest rate swaps), as fair value hedging instruments with maturity dates ranging from September 2019 to April 2026.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table contains details of the hedged expresures covered by the Group's hedging strategies:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="4" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td></tr><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 22.0%;"><div style="font-family: &quot;times new roman&quot;, serif; 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font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; 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background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; 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font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td></tr><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In thousands of USD</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 22.0%;"><div style="font-family: &quot;times new roman&quot;, serif; 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top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">adjustments on the hedged item</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Balance sheet line item</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; 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font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair value hedges</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; 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background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">- </div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Fixed rate</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;87,841</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">563&#160;&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Financial assets investments</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="4" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 22.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 28.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Carrying amount of hedged </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; 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top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">adjustments on the hedged item</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Balance sheet line item</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assets</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; 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font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair value hedges</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; 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font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In thousands of USD</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 22.0%;"><div style="font-family: &quot;times new roman&quot;, serif; 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font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; 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background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">- </div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Fixed rate</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;114,353</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(593)&#160;&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Financial assets investments</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table sets forth the notional amount and fair value of the hedged item recognized in the statement of financial position as &#8216;Financial assets investments&#8217;, as of December 31, 2018 and 2017:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 51.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 24.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 25.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; 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font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">304,159</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Fair value </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">285,463</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">341,229</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 51.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 24.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 25.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In thousands of USD</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Notional amount&#160;&#160;</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; 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font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">87,841</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">114,353</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">In June 2018, an investment matured in the amount of USD 22,380 (COP 72,729).</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table contains information regarding the effectiveness of the hedging relationships designated by the Group, as well as the impacts on profit or loss and other comprehensive income:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td></tr><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 22.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 28.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Gains / (loss) recognized in </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; 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font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Fair value hedges</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Interest rate</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- Fixed rate</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">14,158</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Other operating income</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 22.0%;"><div style="font-family: &quot;times new roman&quot;, serif; 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text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Interest rate</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- Fixed rate</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(3,678)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Other operating income</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2016</div></div></div></td></tr><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 22.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 28.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Gains / (loss) recognized in </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; 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font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">P&amp;L line item that includes hedge </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">ineffectiveness</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; 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font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Swaps</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">252,928</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(257,978)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Equity contracts</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.01in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Forwards</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">981</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(7,585)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Gross derivative assets/liabilities</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,843,708</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,295,070)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Derivative financial instruments in statement of financial position</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,843,708</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,295,070)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Master netting agreements</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,179,503)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,295,070</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Cash collateral received/paid</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(471,340)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total derivative financial instruments assetss/ liabilities before collateral and Master netting agreements</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">192,865</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2017</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 59.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: center; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 19.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Derivatives Assets</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 22.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Derivatives Liabilities</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Over-the-counter</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Foreign exchange contracts</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Swaps</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">672,558</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(505,823)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Forwards</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">172,310</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(142,976)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Options</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">14,995</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(16,943)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Interest rate contracts</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.00in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Swaps</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">274,137</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(275,641)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Equity contracts</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.01in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Forwards</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">372</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(4,470)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Gross derivative assets/liabilities</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,134,372</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(945,853)</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Derivative financial instruments in statement of financial position</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,134,372</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(945,853)</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Master netting agreements</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(894,863)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">945,853</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Cash collateral received/paid</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(239,509)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total derivative financial instruments assetss/ liabilities before collateral and Master netting agreements</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">For further information about offsetting of other financial assets and liabilities see Note 15 Interbank deposits and repurchase agreements and other similar secured borrowing.</div></div> <table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 6879344000000 6939944000000 4304103000000 3901870000000 398479000000 190464000000 22615000000 91636000000 180757000000 60422000000 23800000000 96822000000 328597000000 86607000000 163235000000 580138000000 73101000000 236613000000 1133247000000 1129321000000 704216000000 292296000000 2061126000000 2191307000000 2006858000000 1040235000000 18279478000000 <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Level of collateral held:</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Collateral*</div></div></div></td><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Main type of collateral</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 40.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 10.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 10.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td></tr><tr><td colspan="5" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Maximum Exposure to Credit Risk</div></div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Debt instruments</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,352,276)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,741,345)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Government bonds (TES) and term deposits</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Government Bonds (TES)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Derivatives </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(97)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(125,902)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Cash</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Cash</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Equity</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(2,352,373)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(2,867,247)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-align: justify; text-indent: -0.13in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-left: 0.13in; text-align: justify; text-indent: -0.13in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">See Notes on this table:</div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0%;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 7.2pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">*</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Collateral Held (-) and Collateral Pledged (+)</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> Government bonds (TES) and term deposits Government Bonds (TES) Cash Cash <div style="border-bottom: solid #ffffff 1.0pt;border-left: none;border-right: none;border-top: none;margin-left: 0;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 16pt; margin-left: 0.3in; text-align: justify; text-indent: -0.3in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 16pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">NOTE 11. INCOME TAX</div></div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The income tax is recognized in each of the countries where the Bancolombia Group has operations, in accordance with the tax regulations in force in each of the jurisdictions.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Assets and liabilities deferred tax is recognized on temporary differences arising from the future estimation of tax and accounting effects resulting from differences between assets and liabilities in the financial position statement and for tax purposes.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">In order to comply with the tax obligations in a timely and adequate manner, the Bancolombia Group analyzes and permanently interprets the current tax regulations applicable to its operations.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 36pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">11.1.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Components recognized in the income statement of the period:</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 61.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31,</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31,</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31,</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2016</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of Colombian pesos</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Current tax</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Fiscal term</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">752,728</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,041,454</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">813,355</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Prior fiscal terms</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(146,837)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,967</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,519</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total current tax</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">605,891</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,045,421</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">815,874</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Deferred tax</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Fiscal term</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">223,544</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">193,177</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">360,958</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total deferred tax</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">223,544</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">193,177</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">360,958</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total tax</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">829,435</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,238,598</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,176,832</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-align: justify; text-indent: -0.13in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">&#160;</div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">The recoveries of previous periods for $ 85,921 was recognized in 2017 in Bancolombia as income.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 36pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">11.2.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Components recognized in Other Comprehensive Results (OCI)</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td></tr><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of Colombian pesos</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 49.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 17.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Amounts before taxes</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 17.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Deferred tax</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 17.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net after taxes</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Revaluation losses related to the defined benefit liability</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">37,325</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(7,663)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">29,662</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Net income (loss) from financial instruments measured at fair value</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(16,873)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,190</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(6,683)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Unrealized gains/(loss) on investments in associates and joint ventures using equity method.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,581</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(663)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,918</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Net profit (loss) on foreign investment hedge</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">458,943</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">172,870</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">631,813</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 12.7pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; text-indent: -0.1in; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">481,976</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">174,734</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">656,710</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">See Consolidated Statement of Comprehensive Income </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of Colombian pesos</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 49.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 17.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Amounts before taxes</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 17.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Deferred tax </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 17.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net after taxes</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Revaluation losses related to the defined benefit liability</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,753</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(3,725)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">28</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Net income (loss) from financial instruments measured at fair value</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">17,548</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9,789</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">27,337</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Net profit (loss) on foreign investment hedge</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">449,640</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(6,895)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">442,745</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 12.7pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; text-indent: -0.1in; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">470,941</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(831)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">470,110</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">See Consolidated Statement of Comprehensive Income </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2016</div></div></div></td></tr><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 49.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 17.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Amounts before taxes</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 17.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Deferred tax </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 17.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net after taxes</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Remeasurement loss related to defined benefit liability</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">626</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(10,966)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(10,340)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Net profit (loss) by financial instruments measured at fair value</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">208,276</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">24,341</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">232,617</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 12.7pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">208,902</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">13,375</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">222,277</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">See Consolidated Statement of Comprehensive Income </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 36pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">11.3.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Other revelations</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 36pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">11.3.1.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Explanation of applicable fees</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following are the nominal rates of the current tax in each of the countries where Grupo Bancolombia has operations subject to income tax:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Companies domiciled in Colombia</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The current income tax rate in accordance with Law 1819 of 2016, for the taxable periods 2018, 2017 and 2016 was:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 55%;;margin-left :auto;margin-right :auto;"><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 28.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 24.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 24.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 24.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2016</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Rent</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">33.00%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">34.00%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">25.00%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">CREE</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Surcharge</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">37.00%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">40.00%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">40.00%</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The deferred tax as of December 31, 2018 was calculated based on the temporary differences, taking into account the applicable rates for 2019 and following years, as follows:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 65%;;margin-left :auto;margin-right :auto;"><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 26.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 18.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2021</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 22.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2022 onwards</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Rent</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">33.00%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">32.00%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">31.00%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">30.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Additional points</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">37.00%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">35.00%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">34.00%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">30.00%</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Domiciled companies in other countries</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The current and deferred income tax rate, for the taxable periods 2017 and 2018 was:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 80%;;margin-left :auto;margin-right :auto;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 46.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 10.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 22.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019 onwards</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Companies in Peru</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Rent</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">29.50%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">29.50%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">29.50%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Companies in Panama </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Rent</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">25.00%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">25.00%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">25.00%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Companies in El Salvador</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Rent</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">30.00%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">30.00%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">30.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Companies in Guatemala</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Rent</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">25.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">25.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">25.00%</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 36pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">11.3.2.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Amount of temporary differences in subsidiaries, branches, associates over which deferred tax was not recognized is:</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 50.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 12.8pt;padding-right: 0;padding-top: 0;vertical-align: middle;width: 25.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 10.0pt;padding-right: 0;padding-top: 0;vertical-align: middle;width: 25.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 10.0pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of Colombian pesos</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Temporary differences</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Local Subsidiaries</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(442,739)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;(1,043,724</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Foreign Subsidiaries</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(4,547,635)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;(4,533,672)</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">In accordance with IAS 12 no deferred tax credit was recorded, because the administration can control the future time in which such differences are reversed and this is not expected to occur in the foreseeable future.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 36pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">11.3.3.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Temporary differences as of December 31, 2018</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="white-space: pre-line; color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net effect of deferred tax assets and liabilities by company disclosed in the Financial Position Statement:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;width: 44.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31,</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31,</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31,</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.14in; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31,</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td></tr><tr><td colspan="5" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 10.0pt;padding-right: 0;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of Colombian pesos</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Company</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Deferred Tax</div></div><br/><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Asset</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Deferred Tax</div></div><br/><div style="color: rgb(0, 112, 192); 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font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Deferred</div></div><br/><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Tax Liability</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Arrendadora Financiera S.A.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; 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font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">299</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Bagr&#237;cola Costa Rica S.A.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">74</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">56</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Grupo Agromercantil Holding</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(13,566)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(29,924)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Banca de Inversi&#243;n Bancolombia S.A.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(20,300)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(26,432)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Banco Agr&#237;cola S.A.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">67,527</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">46,328</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Bancolombia S.A.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,245,807)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,368,062)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Banistmo SA and Subsidiaries</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">198,958</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">96,533</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">BIBA Inmobiliaria S.A.S.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(19)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(5)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Trust Fund "Lote Abelardo Castro"</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(123)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(188) </div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Fiduciaria Bancolombia S.A.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(4,265)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,808</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Inversiones CFNS S.A.S.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,011)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(700)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Renting Colombia S.A.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(22,450)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(5,466)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Transportempo S.A.S</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">163</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">509</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Valores Banagr&#237;cola S.A.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">19</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Valores Bancolombia S.A.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,342</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,071</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Valores Simesa S.A.</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(10,754)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(9,421)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net Deferred Tax by Company</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">271,177</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(1,318,295)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">148,614</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(1,440,198)</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net Deferred Tax</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(1,047,118)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(1,291,584)</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">This section shows the net deferred tax resulting from each company and differs from the information in section 11.3.4, because there the deferred tax is disclosed according to its nature.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 36pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">11.3.4.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Asset and liability deferred tax detail without netting by company</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">This section shows the deferred tax according to its nature and differs from the information in section 11.3.3, because there the deferred tax is shown net by company.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Assets deferred tax with effect on Income Statement, OCI and Equity</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 25.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Deferred tax summary in</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">balance sheet accounts</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 11.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31,</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 10.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">With effects</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">on Results</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">With effects on OCI</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">and Retained Profits</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Eliminations</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Reclassifications</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31,</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td></tr><tr><td colspan="7" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of Colombian pesos</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Assets deferred tax Results</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">559,220</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">127,463</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(5,752)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">23,870 </div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">704,801 </div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Assets deferred tax OCI and Equity</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">43,645</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">435,826</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,595) </div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">477,876 </div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net Deferred Tax</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">602,865</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">127,463</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">435,826</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(5,752)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">22,275</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,182,677</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 30.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 18.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 18.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Implementation</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 16.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Increase</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 18.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td></tr><tr><td colspan="5" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of Colombian pesos</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Asset Deferred Tax:</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Property and equipment</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">21,153</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,848</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">812</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">18,117</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Employee Benefits</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">161,524 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,021</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,824</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">172,327</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Deterioration assessment</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">204,910 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">207,296</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">59,306</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">56,920</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Tax credits settlement </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">68,463 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">209</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,935</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">74,189</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Financial Obligations</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">51,863 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,916</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">241,918</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">291,865</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Investments evaluation </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">81</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,495</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">80,277</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">73,863</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Other deductions</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">51,226 </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">38,257</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,551</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">17,520</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total Asset Deferred Tax</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">559,220</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">260,042</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">405,623</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">704,801</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 30.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 18.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 18.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Implementation</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 16.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Increase</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 18.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td></tr><tr><td colspan="5" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of Colombian pesos</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Asset Deferred Tax:</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;">&#160;</div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Net profit (loss) on foreign investment hedge</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,895</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">172,870</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">179,765</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Employee Benefits</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">36,750</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9,625</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,478</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">28,603</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">IFRS 9 implementation adjustment</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">-</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">17,614</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">287,122</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">269,508</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total Asset Deferred Tax</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">43,645</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">27,239</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">461,470</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">477,876</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">(1)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Value recorded against retained earnings, not other comprehensive income (ORI)</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">In accordance with the financial projections, it is expected in the future to generate sufficient liquid income to offset the items recorded as deductible deferred tax. These estimates start from the financial projections that were prepared taking into account the information of the Bancolombia Group's economic research, the expected economic environment for the next five years. The main indicators on which the models are based are GDP growth, loans growth and interest rates. In addition to these elements, the Bank's long-term strategy is taken into account.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Liability deferred tax with effect on Income Statement, OCI and Equity</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 28.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Deferred tax summary in</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">balance sheet accounts</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31,</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">With effects</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">on Results</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">With effects on OCI</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">and Retained Profits</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Eliminations</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Reclassifications</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31,</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td></tr><tr><td colspan="7" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of Colombian pesos</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Liability deferred tax Results</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,784,575)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(293,108)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(50,524)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,206 </div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,122,001)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Liability deferred tax OCI and Equity</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(109,874)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,930</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(663)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(187) </div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(107,794)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net Deferred Tax</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(1,894,449)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(293,108)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,930</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(51,187)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">6,019</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(2,229,795)</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 40.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Implementation</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Increase</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td></tr><tr><td colspan="5" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of Colombian pesos</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Liability Deferred Tax:</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Property and equipment</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(233,550)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">16,225</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">26,005</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(243,330)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Lease restatement</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(455,610)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">242,251</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(213,359)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Deterioration assessment</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(6,412)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,923</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">373,689</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(375,178)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Participatory titles evaluation</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(121,210)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">40,084</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">58,837</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(139,963)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Derivatives' evaluation</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(56,726)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">121,744</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(178,470)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Goodwill</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(758,888)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">18,818</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">118,779</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(858,849)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Properties received in payment</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(47,509)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,563</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">32,097</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(77,043)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Other deductions</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(104,670)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">76,659</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,798</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(35,809)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total Liability Deferred Tax:</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(1,784,575)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">401,523</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">738,949</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(2,122,001)</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 40.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Implementation</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Increase</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td></tr><tr><td colspan="5" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of Colombian pesos</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Liability Deferred Tax</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Employee Benefits</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(4,401)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">721</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">237</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(3,917)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Investments evaluation </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(105,473)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">14,247</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,057</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(95,283)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Investments in associates. Adjustment for equity method</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">663</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(663)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">IFRS 9 implementation adjustment</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)(2)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,931</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(7,931)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total Liability Deferred Tax:</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(109,874)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">14,968</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">12,888</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(107,794)</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Value recorded against retained earnings, not other comprehensive income (ORI)</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Effect on Grupo Agromercantil Holding due to an increase in the investments evaluation</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total deferred tax</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 28.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Deferred tax summary in</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">balance sheet accounts</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31,</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">With effects</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">on Results</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">With effects on</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">ORI and Retained</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Profits</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Eliminations</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Reclassifications</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31,</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td></tr><tr><td colspan="7" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of Colombian pesos</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Asset Deferred Tax:</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">602,865</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">127,463</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">435,826</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(5,752)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">22,275</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,182,677</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Liability Deferred Tax</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,894,449)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(293,108)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,930</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(51,187)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,019</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,229,795)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net Deferred Tax</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(1,291,584)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(165,645)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">438,756</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(56,939)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">28,294</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(1,047,118)</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The deferred tax disclosed in section 11.1, corresponds to assets and liabilities deferred tax without eliminations amounting to COP <div style="letter-spacing: 0px; top: 0px;;display:inline;">165,645</div> million, plus eliminations amounting to COP <div style="letter-spacing: 0px; top: 0px;;display:inline;">56,939</div> million, plus the difference for restatement that is contained in the balance sheet movement by value of COP <div style="letter-spacing: 0px; top: 0px;;display:inline;">960</div> million</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 36pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">11.3.5.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Reconciliation of the effective tax rate</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 58.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Reconciliation of the tax rate</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31,</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31,</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31,</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2016</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of Colombian pesos</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Accounting profit</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,615,870</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,992,771</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,968,282</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Applicable tax with nominal rate</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,337,872</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,597,108</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,587,313</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Non-deductible expenses to determine taxable profit (loss) </div></div><div style="color: rgb(255, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="color: rgb(255, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">266,246</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">356,350</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">255,435</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Accounting and non-tax expense (income) to determine of taxable profit (loss)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(168,134)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(179,605)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(217,056)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;Base Differences</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">486,193</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">341,828</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(348,985)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Fiscal and non-accounting expense (income) to determine of taxable profit (loss)</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(579,660)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(23,844)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">23,381</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Ordinary activities income exempt from taxation </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(235,560)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(181,406)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(121,917)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Ordinary activities income not constituting income or occasional tax gain</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(133,211)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(130,272)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(111,027)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Tax deductions</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(25,398)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(184,620)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(107,083)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Goodwill Depreciation</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(218,277)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(233,004)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Tax depreciation surplus</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(118,046)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(177,936)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(20,323)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Tax rate effect in other countries</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(92,125)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(218,785)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">72,144</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Prior fiscal terms</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(146,837)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,967</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,519</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Other effects of the tax rate by reconciliation between accounting profit and tax expense (income)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">456,372</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">268,817</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">162,431</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total tax</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">829,435</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,238,598</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,176,832</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-align: justify; text-indent: -0.13in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">The variation originates mainly from the Participation Method (current tax) and the tax recognition of derivatives</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">The variation originates in adjustments for eliminations to the consolidated financial statements.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 36pt;"><div style="font-family: &quot;times new roman&quot;, serif; 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font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">11.4.1</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Dividend Payment</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; 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font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 36pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 36pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">11.4.2</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Dividends received from Colombian Subsidiary Companies</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; 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font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Tax contingent Liabilities and assets</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">For the Consolidated Financial Statements as of December 31, 2017 and 2018, the Bancolombia Group, once the tax positions adopted in the statements subject to review by the tax authority were analyzed, considered it necessary to reverse and update the uncertain positions in accordance with the administrative acts undertaking during the year:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 80%;;margin-left :auto;margin-right :auto;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 40.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Balance December 2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Update</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; 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top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">With the issuing of the Financing Act 1943 of 2018, on December 28, 2018, several changes were introduced to the tax system that will be applicable as of January 1, 2019:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">a)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">For financial institutions, the rate of income and supplementary taxes is modified and some points are added to the general rate, when the taxable income is equal to or greater than 120,000 TVU (Tax value unit) , as follows:</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;margin-left: 1.50in;width: 45%;"><tr><td colspan="5" style="border-bottom: solid #a6a6a6 1.0pt;border-left: solid #a6a6a6 1.0pt;border-right: solid #a6a6a6 1.0pt;border-top: solid #a6a6a6 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Income tax and complementary</div></div></div></td></tr><tr><td style="border-bottom: solid #a6a6a6 1.0pt;border-left: solid #a6a6a6 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 40.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #a6a6a6 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></div></td><td style="border-bottom: solid #a6a6a6 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></div></td><td style="border-bottom: solid #a6a6a6 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2021</div></div></div></td><td style="border-bottom: solid #a6a6a6 1.0pt;border-left: none;border-right: solid #a6a6a6 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2022</div></div><br/><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">onwards</div></div></div></td></tr><tr><td style="background: #ffffff;border-bottom: solid #a6a6a6 1.0pt;border-left: solid #a6a6a6 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Rate </div></div></td><td style="background: #ffffff;border-bottom: solid #a6a6a6 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">33%</div></div></td><td style="background: #ffffff;border-bottom: solid #a6a6a6 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">32%</div></div></td><td style="background: #ffffff;border-bottom: solid #a6a6a6 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">31%</div></div></td><td style="background: #ffffff;border-bottom: solid #a6a6a6 1.0pt;border-left: none;border-right: solid #a6a6a6 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">30%</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: solid #a6a6a6 1.0pt;border-left: solid #a6a6a6 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Additional points </div></div></td><td style="background: #ffffff;border-bottom: solid #a6a6a6 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4%</div></div></td><td style="background: #ffffff;border-bottom: solid #a6a6a6 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3%</div></div></td><td style="background: #ffffff;border-bottom: solid #a6a6a6 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3%</div></div></td><td style="background: #ffffff;border-bottom: solid #a6a6a6 1.0pt;border-left: none;border-right: solid #a6a6a6 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0%</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: solid #a6a6a6 1.0pt;border-left: solid #a6a6a6 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total rate</div></div></div></td><td style="background: #ffffff;border-bottom: solid #a6a6a6 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">37%</div></div></div></td><td style="background: #ffffff;border-bottom: solid #a6a6a6 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">35%</div></div></div></td><td style="background: #ffffff;border-bottom: solid #a6a6a6 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; 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font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">b)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The rate of presumptive income on net equity is gradually reduced, as follows: to 1.5% for taxable years 2019 and 2020; and at 0% from the taxable year 2021.</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">c)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The rules for undercapitalization are modified, which will apply to interest arising from debts between national or foreign economic partners.</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-left: 0.25in;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The undercapitalization rule does not apply to tax payers subject to surveillance by the Financial Superintendency.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; 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max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; 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max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 36pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; 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font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">If dividends are distributed to individual&#8217;s resident in Colombia, they will be taxed at a marginal rate of 0% to 15%.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; 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font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">For the dividends coming from profits that did NOT paid the tax in the company, that is, levied, the following rules will be followed:</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-left: 0.25in;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; 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top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 36pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">i.</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; 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top: 0px;;display:inline;">Regime of Colombian holding company</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-left: 0.25in;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">A new regime of Colombian Holding Companies (CHC) is created for those companies whose main activity is the holding of securities, investments or shares holding in Colombian and/or foreign companies, and the administration of such investments.</div></div><div style="font-family: &quot;times new roman&quot;, serif; 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font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 18.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 18.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 18.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;&#160;2016</div></div></div></td></tr><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; 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font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Debt investments</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; 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line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,517</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(22,831)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Repos</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(51,438)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(116,268)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(7,638)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total net gains from investment activities at fair value through profit and loss</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">384,610</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">525,423</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">544,184</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total Interest on investment securities </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">513,627</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">685,313</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">707,495</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0%;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 36pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">24.2.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Interest expenses</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table sets forth the detail of interest on financial liability instruments for the years ended December 31, 2018, 2017 and 2016:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 46.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 18.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 18.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 18.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2016</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Deposits</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(3,852,061)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(4,279,316)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(3,878,528)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Debt instruments in issue</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,139,456)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,191,000)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,335,192)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Financial borrowings</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(583,321)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(672,472)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(723,385)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Preferred shares</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(58,714)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(58,714)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(58,714)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Borrowings from other financial institutions</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(18,134)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(15,860)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(6,345)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Other interest</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(18,530)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(15,624)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(50,936)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Interest expenses</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(5,670,216)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(6,232,986)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(6,053,100)</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net interest income includes interest earned on loans, &#8216;repos&#8217; and investments less interest beared on deposits by customers, debt securities in issued, borrowing from other financial institutions and &#8216;repos&#8217;. At December 31, 2018, 2017 and 2016 net interest income amounted to COP 10,541,522, COP 10,584,976, and COP 9,818,313 respectively.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0%;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 36pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">24.3</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fees and commissions</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank has elected to present the income from contracts with costumes as an element in a line named &#8220;Fees and commissions income&#8221; in the consolidated statement of income separated from the other income sources.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The information contained in this section about the fees and commission&#8217;s income presents information on the nature, amount, timing and uncertainty of the income from ordinary activities which arise from a contract with a customer under the regulatory framework of IFRS 15 Revenue from Ordinary activities from Contracts with Customers.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">In the following table, the description of the principle activities through which the Bank generates revenue from contracts with customers is presented:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fees and Commissions</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;width: 86.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Description</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Banking services</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Banking Services are related to commissions from the use of digital or physical channels or once the customer makes a transaction. The performance obligation is fulfilled once the payment is delivered to its beneficiary and the proof of receipt of the payment is sent, in that moment, the collection of the commission charged to the customer is generated, which is a fixed amount. The commitment is satisfied during the entire validity of the contract with the customer.&#160;&#160;The Bank acts as principal.</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Credit and debit card fees</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">In debit card product contracts, it is identified that the price assigned to the services promised by the Bank to the customers is fixed. Given that no financing component exists, it is established on the basis of the national and international interbank rate. Additionally, the product charges to the customers commissions for handling fees, at a determined time and with a fixed rate.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">For Credit Cards, the commissions are the handling fees and depend on the card franchise. The commitment is satisfied in so far that the customer has capacity available on the card.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Other revenue received by the (issuer) credit card product, is advance commission; this revenue is the charge generated each time the customer makes a national or international advance, at owned or non-owned ATMs, or through a physical branch. The banking exchange rate is a revenue for the Issuing Bank of the credit card for the services provided to the business for the transaction effected at the point of sale. The commission is accrued and collected immediately at the establishment and has a fixed amount.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">In the credit cards product there is a customer loyalty program, in which points are awarded for each transaction made by the customer in a retail establishment. The program is administrated by a third party who assumes the inventory and claims risks, for which it acts as agent. The Bank, recognized it as a lower value of the revenue from the banking exchange rate.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The rights and obligations of each party in respect of the goods and services for transfer are clearly identified, the payment terms are explicit, and it is probable, that is it takes into consideration the capacity of the customer and the intention of having to pay the consideration at termination to those entitled to change the transferred goods or services. The revenue is recognized at a point in time: the Bank satisfies the performance obligation when the &#8220;control&#8221; of the goods or services was transferred to the customers.</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Deposits</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Deposits are related to the services generated from the offices network of the Bank once a customer makes a transaction. The Bank generally commits to maintain active channels for the products that the customer has with the Bank, with the purpose of making payments and transfers, sending statements and making transactions in general. The commissions are deducted from the deposit account, and they are incurred at a point in time. The Bank acts as principal.</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Electronic services and ATMs</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Revenue received from electronic services and ATMs arises through the provision of services so that the customers may make required transactions, and which are enabled by the Bank. These include online and real-time payments by the customers of the Bank holding a checking or savings accounts, with a debit or credit card for the products and services that the customer offers. Each transaction has a single price, for a single service. The provision of collection services or other different services provided by the Bank, through electronic equipment, generate consideration chargeable to the customer established contractually by the bank as a fee. The Bank acts as principal and the revenueis recognized at a point in time.</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Brokerage</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Brokerage is a group of services for the negotiation and administration of operations for purchasing fixed revenue securities, equities and operations with derivatives in its own name, but on the account of others. The performance obligations are fulfilled at a point in time when the commission agent in making its best effort can execute the business entrusted by the customer in the best conditions. The performance obligations are considered satisfied once the service stipulated in the contract is fulfilled, as consideration fixed, or variable payments are agreed, depending on the service. It acts generally as principle and in some special cases as agent</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Remittance</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;width: 86.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Revenue for remittance is received as consideration for the commitment established by the Bank to pay remittances sent by the remitting companies to the beneficiaries of the same. The commitment is satisfied at a point in time to the extent that the remittance is paid to the beneficiary.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The price is fixed, but may vary in accordance to the transferred amount, due to the operation being dependent on the volume of operations generated and the transaction type. There is no component of financing, nor the right to receive consideration dependent on the occurrence or not of a future event.</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Acceptances, Guarantees and Standby Letters of Credit</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Banking Service from acceptances, guarantees and standby letters of credit which are not part of the portfolio of the Bank. There exist different performance obligations; the satisfaction of performance obligations occurs when the service is given to the customer The consideration in these types of contracts may include fixed amounts, variable amounts, or both, and &#160;the Bank acts as principal. The revenue is recognized at a point in time.</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Trust</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Revenue related to Trust are received from the administration of the customer resources in the business of investment trusts, property trusts, management trusts, guarantee trusts, for the resources of the general social security system, Collective portfolios and Private Equity Funds (PEF). The commitments are established in contracts independently and in an explicit manner, and the services provided by the Bank are not inter-related between the contracts. The performance obligation corresponds to performing the best management in terms of the services to be provided in relation to trust characteristics, thus fixed and variable prices are established depending on the complexity of the business, similarly, revenues are recognized throughout or at a determined time, in all the established businesses it acts as principal.</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities brokerage</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Valores Bancolombia makes available its commercial strength for the deposit, reinvestment of resources through financial instruments to the issuing company. It receives a payment for deposits made. The commitment of the contract is satisfied to the extent that the resources requested by the issuer are obtained through the distribution desks of Valores Bancolombia. The collection is made monthly. It is established that Valores Bancolombia may undertake collection of these commissions at the end of the month through a collection account charged to the issuer, acting as principal.</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Bancassurance</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank receives a commission for collecting insurance premiums at a determined time and for permitting the use of its network to sell the insurances of different insurance companies over a period of time. The Bank in these bancassurance contracts acts as agent (intermediary between the customer and the insurance company), since it is the insurance company which assumes the risks, and which handles the complaints and claims of the customers inherent in each insurance. Therefore, the insurance company acts as principal before the customer. The prices agreed in bancassurance are defined as a percentage on the value of the policy premiums, the payment shall be tied to the premiums collected, sold or taken for the case of employees&#8217; insurance. The aforementioned then means that the price is variable, since, the revenue will depend on the quantity of policies or calculations made by the insurance companies.</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Collections</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank acting as principal, commits to collect outstanding invoices receivable by the collecting customers through the different channels offered by the bank, send the information of the collections made and credit the money to the savings or checking account defined by the collecting customer. The commitment is satisfied at a point in time to the extent that the money is collected by the different channels, the information of the said collections is delivered appropriately, and the resources are credited in real-time to the account agreed with the customer. For the service, the Bank receives a fixed payment, which is received for each transaction once the contract is in effect.</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Services</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;width: 86.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">These are the maintenance services performed on the fleet owned by the customers, these services are performed on demand, and the value of the service cost is invoiced plus an intermediation margin. The collection is made by the amount of expense invoiced by the provider plus an intermediation percentage, which ranges between 4% and 12% depending on the customer.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The contract is written, is based on a framework contract which is held between the customers which contains the general terms of negotiation, the payment terms are generally 30 days after generating the invoice. The revenue is recognized at the time in which the service is provided. There is no financing nor sanctions for early cancellations.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">In logistic operation services the contract is written, with a defined duration, and details the rights and obligations of the parties. In general terms, the Bank commits to provide to customers merchandise transport services, which includes the driver, fuel, maintenance, tolls and other elements required to carry out the routes requested by the customer. Once the trip is finished, the price is variable and is determined by the average cost per route, which is updated at the start of the year. At the end of the month an adjustment is made to this price, with the actual costs incurred in the operation, such as the fuel, tolls, handling, maintenance, administrative expenses, among others.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">To view the details of the balance, refer to line &#8216;Services&#8217; in note </div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">24.4 Other operational Income</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Gains on sale of assets</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">These are the revenue from the sale of assets, which the sale value is higher than the book value recorded in the accounts, the difference generates these profits. The recognition of the revenue is at a point in time once the sale is realized. The Bank acts as principal in this type of transactions and the price is determined by the market value of the asset being sold.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">To view the details of the balance, refer to line &#8216;Gain on sale of assets&#8217; in note </div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">24.4 Other operational Income</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Investment Banking</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Investment Banking offers to customer&#8217;s financial advisory services in the structuring of businesses in accordance to the needs of each one of them. The advisory services consist in realizing a financial structuring of a credit or bond in which the Investment Bank offers the elements so that the company decides the best option for structuring the instrument. In the financial advisory contract, a best efforts clause is included.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The promises given to the customers are established in the contracts independently and explicitly. The services provided by the Invesment Bank are not interrelated between the contracts, correspond to the independent advice agreed and do not include additional services in the commission agreed with the customer. The advisory services offered in each one of the contracts are identifiable separately from the other performance commitments that the Investment Bank may have with the customers. The Investment Bank does not have a standard contract for the provision of advisory services, given than each contract is tailored to the customer&#8217;s needs.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The transaction price is defined at the start of the contract and is assigned to each service provided independently. The price contains a fixed and a variable portion which is provided in the contracts. The variation depends on the placement amount for the case of a financial structuring contract and coordination of the issuance and conditions of the same. In these operations Banca de Inversion Bancolombia provides advice to the customers and the price shall depend at times on the success and amount of the operation. In the contracts subject to evaluation there are no incremental costs associated with the satisfaction of the commitments of the Bank with the customers provided for.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">In the contracts signed with the customers, a penalty clause is established in case of a customer withdrawing from continuing with the provision of the services established in the commercial offer. The penalty shall be recognized in the financial statements once the Investment Bank is notified on the withdrawal under the concept of charges for early termination of the contract.</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div> <table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table><div style="color: rgb(0, 0, 0); font: 10pt 'times new roman', times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0pt 0px; text-align: justify;">In accordance with IFRS 15, the tables below disaggregate in more detail than disclosed in the Bank&#8217;s annual report in 2017, revenue from contracts with customers, considering the nature of the services offered by the Bank and the information regularly reviewed by the chief operating decision maker.</div><div style="background: none;">&#160;</div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank presents the information on revenue from contracts with customers in accordance with its operating segments defined earlier in Note 3 Operating Segments for each of the principal services offered.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table shows the balances categorized by nature and by segment of revenue from ordinary activities from contracts with customers as at December 31, 2018, 2017 and 2016:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2018</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.0pt;padding-right: 3.0pt;padding-top: 0;vertical-align: middle;width: 28.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: center; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Banking</div></div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; 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font-size: 8pt; text-align: right; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.0pt;padding-right: 3.0pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Fees and Commissions </div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 3.0pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Banking services</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">370,671</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">66,569</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">85,615</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">39,610</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">12,783</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">575,248</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">575,248</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 3.0pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Credit and debit card fees and commercial estabilshments</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,258,047</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">185,466</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">97,163</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">66,731</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">3,707</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,611,114</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,611,114</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 3.0pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Brokerage</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">7,033</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">29</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">20,012</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">27,074</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">27,074</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 3.0pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Acceptances, Guarantees and Standby Letters of Credit</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">33,313</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">15,352</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">4,749</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">3,055</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">897</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">57,366</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">57,366</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 3.0pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Trust</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">8,184</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,411</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">645</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">313,886</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">81,502</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">37</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">104</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">405,769</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">405,769</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 3.0pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities brokerage</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,200</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,212</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">20,262</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">9,530</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">32,204</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">32,204</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 3.0pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Bancassurance</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">495,232</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">28,466</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">112</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">523,810</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">523,810</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 3.0pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Payment and collections</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">559,139</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">4,084</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">563,223</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">563,223</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 3.0pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Others</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">124,900</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">492</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">36,852</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">27,099</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">22</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">9</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2,926</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">3,416</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2,884</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">198,600</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(149)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">198,451</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 0;padding-right: 3.0pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total revenue from contracts with customers</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,841,302</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">312,762</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">227,114</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">141,253</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">313,908</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">20,271</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">113,970</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">20,840</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,988</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,994,408</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(149)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,994,259</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: calibri; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="white-space: pre-line; font-family: calibri; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">&#160;</div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">For further information about composition of Bank&#8217; segments see Note 3</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2017</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.0pt;padding-right: 3.0pt;padding-top: 0;vertical-align: middle;width: 28.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: center; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Banking</div></div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Colombia</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Banking</div></div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Panama</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Banking El</div></div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Salvador</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Banking</div></div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Guatemala</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Trust</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Investment</div></div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Banking</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Brokerage</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Off&#160;</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Shore</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">All Other</div></div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Segments</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Total before</div></div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">eliminations</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; 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font-size: 8pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 3.0pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Banking services</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">335,101</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">177,930</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">80,672</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">38,643</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">15,821</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">648,167</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">648,167</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 3.0pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Credit and debit card fees and comercial</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,080,814</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">80,348</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">89,330</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">51,175</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2,876</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,304,543</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,304,543</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 3.0pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Brokerage</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2,302</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">35</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">20,593</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">22,930</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">22,930</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 3.0pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Acceptances, Guarantees and Standby Letters of Credit</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">41,077</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">15,699</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">4,080</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2,210</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">404</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">63,470</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">63,470</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 3.0pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Trust</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">4,510</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,335</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">713</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">285,648</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">68,180</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">36</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(58)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">360,364</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">360,364</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 3.0pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities brokerage</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2,702</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">28,747</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">6,778</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">843</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">39,070</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">39,070</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 3.0pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Bancassurance</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">427,190</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">23,847</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">85</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">451,122</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">451,122</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 3.0pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Payments and collections</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">531,567</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">4,369</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">535,936</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">535,936</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 3.0pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Others</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">115,472</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">10,415</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">35,742</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">28,877</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 1pt; vertical-align: bottom; text-align: right;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;1,634</div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">253</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">3,119</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">195,512</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">195,512</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 0;padding-right: 3.0pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total revenue from contracts with customers</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">1</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,531,221</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">317,753</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">211,159</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">126,022</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">285,648</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">28,747</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">97,185</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">19,390</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,989</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,621,114</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,621,114</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">For further information about composition of Bank&#8217; segments see Note 3.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2016</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;width: 28.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Banking</div></div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Colombia</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Banking</div></div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Panama</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; 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font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Banking</div></div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Guatemala</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Trust</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; 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font-size: 8pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Fees and Commissions</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Banking services</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">329,114</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">159,015</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">75,732</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">37,831</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">12,343</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">614,035</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">4,774</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">618,809</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Credit and debit card fees and comercial</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">803,731</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">84,152</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">87,862</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">4,771</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">4,634</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">985,150</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">188,752</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,173,902</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Brokerage</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">5,195</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">45</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">23,390</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">28,630</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">28,630</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Acceptances, Guarantees and Standby Letters of Credit</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">45,664</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">18,406</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">3,485</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2,554</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">607</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">70,716</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">70,716</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Trust</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">4,011</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,075</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">712</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">239,610</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">49,903</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">295,311</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">295,311</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities brokerage</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">834</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">19,843</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">3,700</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">24,377</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">24,377</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Bancassurance</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">355,523</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">20,885</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">64</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">376,472</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">376,472</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Payments and collections</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">480,611</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">6,245</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">486,856</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">486,856</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Others</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">48,375</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">189</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">34,571</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">29,579</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">3,578</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">12,679</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,699</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">130,670</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">94,190</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">224,860</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total revenue from contracts with customers</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">1</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,063,018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">291,853</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">203,623</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">81,737</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">239,610</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">19,843</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">80,571</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">30,263</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,699</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,012,217</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">287,716</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,299,933</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: calibri; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="white-space: pre-line; font-family: calibri; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">For further information about composition of Bank&#8217; segments see Note 3.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;">&#160;</div><div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">For the determination of the transaction price, the Bank assigns to each one of the services the amount which represents the value expected to be received as consideration for each independent commitment, which is based on the relative price of independent sale. The price that the Bank determines for each performance obligation is done by defining the cost of each service, related tax and associated risks to the operation and inherent to the transaction plus the margin expected to be received in each one of the services, taking as references the market prices and conditions, as well as the segmentation of the customer.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">In the transactions evaluated in the contracts, changes in the price of the transaction are not identified.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Contract Assets</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank receives payments from customers based on the provision of the service, in accordance to that established in the contracts. When the Bank incurs costs for providing the service prior to the invoicing, and if these are directly related with a contract, they improve the resources of the entity, and are expected to recuperate corresponding to a contract asset. Currently, the Group does not have assets related to contracts with customers.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">As a practical expedient, the Bank recognizes the incremental costs of obtaining a contract as an expense when the amortisation period of the asset is one year or less.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div> <table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Contract Liabilities</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The contract liabilities constitute the obligation of the Bank to transfer the services to a customer, for which the Group has received a payment on the part of the final customer or if the amount is due before the execution of the contract. They also include deferred income related to services that shall be delivered or provided in the future, which will be invoiced to the customer in advance, but which are still not due.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The contract liabilities decreased COP 43,012 in 2018.The changes in contract liabilities are due to performance circumscribed in the contract.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table shows the detail of accounts receivable, and contract liabilities balances as at December 31, 2018 and 2017:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 55.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2016</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">in millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Accounts receivable from contracts with customers</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">86,759</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">90,590</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">57,567</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Contract liabilities</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">75,845</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">118,857</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">34,487</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-align: justify; text-indent: -0.13in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">&#160;</div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">(1)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">The impairment corresponding to the receivable accounts from contracts from customers is COP 11,975, COP 9,639 and COP 1,069 for the year 2018, 2017 and 2016 respectly.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fees and Commissions Expenses</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fees and Commissions Expenses</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2016</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none;">&#160;</div></td><td colspan="3" style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">in millions of COP</div></div></div></td></tr><tr><td colspan="2" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Banking services</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(542,628)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(508,462)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(473,109)</div></div></td></tr><tr><td colspan="2" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Call center and web page</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(309,403)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(291,602)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(260,006)</div></div></td></tr><tr><td colspan="2" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Others</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(361,025)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(275,051)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(235,855)</div></div></td></tr><tr><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Expenses for commissions</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(1,213,056)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(1,075,115)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(968,970)</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;width: 40.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; 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font-size: 10pt; text-align: center; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Operating leases </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">624,062</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; 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top: 0px;;display:inline;">&#160;Net foreign exchange </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(205,798)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">294,068</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; 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font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">54,679</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">49,640</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">49,679</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Other reversals</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">47,657</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">140,012</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">37,767</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Hedging </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">14,158</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(3,678)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(5,985)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Penalties for failure to contracts </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">16,302</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">19,881</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">14,634</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Others</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">61,768</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">232,185</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">203,115</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total Other operating income</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,203,802</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,578,209</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,466,655</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-align: justify; text-indent: -0.13in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 0.3pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Corresponds to income from contracts with customers. To see more information see Note 24.3 Commissions. The gains on sale of portfolio in December 2018 and 2017 amounts to 14,707 and 13,928, respectively.</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 0.3pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Corresponds to income from Seguros Agromercantil insurance operations.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0%;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 36pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">24.5</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Dividends received, and share of profits of equity method investees</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table sets forth the detail of dividends received, and share of profits of equity method investees for the years ended December 31, 2018, 2017 and 2016:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 55.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2016</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Dividends </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">67,582</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">32,248</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">39,785</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Equity investments </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">86,399</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(19,680)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">77,799</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Equity method </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(3)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">187,814</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">253,602</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60,254</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Gains (Losses) on sale of Discontinued Operations</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,146)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total dividends received, and share of profits of equity method investees </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">341,795</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">266,170</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">176,692</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-align: justify; text-indent: -0.13in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Dividends received from equity investments at fair value through profit or loss as of 31, December of 2018, 2017 and 2016 amount COP 54,477, COP 20,297 and COP 30,468, respectively. Dividends from equity investments at fair value through OCI amount COP 13,105, COP 11,951 and COP 9,317, respectively. As of December 31, 2018, 2017 and 2016, the amount includes dividends of investments derecognised for COP 950, COP 1,556 and COP 1,638, respectively.</div></div></div></td></tr><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">As of December 31, 2018, there is a profit on capital investments due to the increase in fair value in the portfolio measured at fair value through profit or loss held&#160;by Banagricola S.A.</div></div></div></td></tr><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(3)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">For further information, see note 7 investments in associates and joint ventures.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 15745530000000 14859423000000 2352276000000 2741345000000 13393254000000 12118078000000 894001000000 457940000000 97000000 125902000000 893905000000 332038000000 1639949000000 0 0 1639949000000 1520313000000 18279480000000 16837676000000 2352373000000 2867247000000 15927108000000 13970429000000 <div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 36pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">11.1.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Components recognized in the income statement of the period:</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 61.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31,</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31,</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31,</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2016</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of Colombian pesos</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Current tax</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Fiscal term</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">752,728</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,041,454</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">813,355</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Prior fiscal terms</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(146,837)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,967</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,519</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total current tax</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">605,891</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,045,421</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">815,874</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Deferred tax</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Fiscal term</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">223,544</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">193,177</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">360,958</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total deferred tax</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">223,544</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">193,177</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">360,958</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total tax</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">829,435</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,238,598</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,176,832</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-align: justify; text-indent: -0.13in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">&#160;</div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">The recoveries of previous periods for $ 85,921 was recognized in 2017 in Bancolombia as income.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div> <div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 36pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">11.2.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Components recognized in Other Comprehensive Results (OCI)</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td></tr><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of Colombian pesos</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 49.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 17.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Amounts before taxes</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 17.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Deferred tax</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 17.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net after taxes</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Revaluation losses related to the defined benefit liability</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">37,325</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(7,663)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">29,662</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Net income (loss) from financial instruments measured at fair value</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(16,873)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,190</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(6,683)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Unrealized gains/(loss) on investments in associates and joint ventures using equity method.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,581</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(663)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,918</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Net profit (loss) on foreign investment hedge</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">458,943</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">172,870</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">631,813</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 12.7pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; text-indent: -0.1in; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">481,976</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">174,734</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">656,710</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">See Consolidated Statement of Comprehensive Income </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of Colombian pesos</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 49.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 17.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Amounts before taxes</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 17.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Deferred tax </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 17.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net after taxes</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Revaluation losses related to the defined benefit liability</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,753</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(3,725)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">28</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Net income (loss) from financial instruments measured at fair value</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">17,548</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9,789</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">27,337</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Net profit (loss) on foreign investment hedge</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">449,640</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(6,895)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">442,745</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 12.7pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; text-indent: -0.1in; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">470,941</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(831)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">470,110</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">See Consolidated Statement of Comprehensive Income </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2016</div></div></div></td></tr><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 49.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 17.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Amounts before taxes</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 17.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Deferred tax </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 17.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net after taxes</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Remeasurement loss related to defined benefit liability</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">626</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(10,966)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(10,340)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Net profit (loss) by financial instruments measured at fair value</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">208,276</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">24,341</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">232,617</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 12.7pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">208,902</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">13,375</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">222,277</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">See Consolidated Statement of Comprehensive Income </div></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 36pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">11.3.2.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Amount of temporary differences in subsidiaries, branches, associates over which deferred tax was not recognized is:</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 50.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 12.8pt;padding-right: 0;padding-top: 0;vertical-align: middle;width: 25.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 10.0pt;padding-right: 0;padding-top: 0;vertical-align: middle;width: 25.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 10.0pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of Colombian pesos</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Temporary differences</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Local Subsidiaries</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; 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line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Foreign Subsidiaries</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(4,547,635)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;(4,533,672)</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table sets forth the detail of interest and valuation on financial asset instruments for the years ended December 31, 2018, 2017 and 2016:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 46.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 18.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 18.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 18.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;&#160;2016</div></div></div></td></tr><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; text-indent: 2.76in; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Debt investments, net</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">129,017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">159,890</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">163,311</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net gains from investment activities at fair value through income statement</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Debt investments</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">472,357</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">699,841</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">579,403</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Derivatives</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(22,575)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(61,667)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(4,750)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Spot transactions</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(13,734)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,517</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(22,831)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Repos</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(51,438)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(116,268)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(7,638)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total net gains from investment activities at fair value through profit and loss</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">384,610</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">525,423</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">544,184</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total Interest on investment securities </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">513,627</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">685,313</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">707,495</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table sets forth the detail of interest on financial liability instruments for the years ended December 31, 2018, 2017 and 2016:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 46.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 18.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 18.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 18.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2016</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Deposits</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(3,852,061)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(4,279,316)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(3,878,528)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Debt instruments in issue</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,139,456)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,191,000)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,335,192)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Financial borrowings</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(583,321)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(672,472)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(723,385)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Preferred shares</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(58,714)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(58,714)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(58,714)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Borrowings from other financial institutions</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(18,134)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(15,860)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(6,345)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Other interest</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(18,530)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(15,624)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(50,936)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Interest expenses</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(5,670,216)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(6,232,986)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(6,053,100)</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table shows the detail of accounts receivable, and contract liabilities balances as at December 31, 2018 and 2017:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 55.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2016</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">in millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Accounts receivable from contracts with customers</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">86,759</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">90,590</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">57,567</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Contract liabilities</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">75,845</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">118,857</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">34,487</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 0.10 0.10 <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table sets forth the detail of other operating income net for the years ended December 31, 2018, 2017 and 2016:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 55.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Other operating income</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2016</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Operating leases </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">624,062</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">563,861</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">493,486</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Net foreign exchange </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(205,798)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">294,068</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">132,292</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Derivatives Foreign exchange contracts </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">267,189</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">21,917</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">164,172</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Services<div style="vertical-align: super;font-size: smaller;display:inline;">(1)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">170,459</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">164,150</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">167,914</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Investment property valuation </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">77,350</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">55,573</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">149,299</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Gains on sale of assets </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">75,976</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">40,600</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60,282</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Insurance<div style="vertical-align: super;font-size: smaller;display:inline;">(2)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">54,679</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">49,640</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">49,679</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Other reversals</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">47,657</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">140,012</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">37,767</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Hedging </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">14,158</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(3,678)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(5,985)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Penalties for failure to contracts </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">16,302</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">19,881</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">14,634</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;Others</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">61,768</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">232,185</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">203,115</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total Other operating income</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,203,802</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,578,209</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,466,655</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-align: justify; text-indent: -0.13in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 0.3pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Corresponds to income from contracts with customers. To see more information see Note 24.3 Commissions. The gains on sale of portfolio in December 2018 and 2017 amounts to 14,707 and 13,928, respectively.</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 0.3pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Corresponds to income from Seguros Agromercantil insurance operations.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table sets forth the detail of dividends received, and share of profits of equity method investees for the years ended December 31, 2018, 2017 and 2016:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 55.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2016</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Dividends </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">67,582</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">32,248</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">39,785</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Equity investments </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">86,399</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(19,680)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">77,799</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Equity method </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(3)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">187,814</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">253,602</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60,254</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Gains (Losses) on sale of Discontinued Operations</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,146)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total dividends received, and share of profits of equity method investees </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">341,795</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">266,170</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">176,692</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-align: justify; text-indent: -0.13in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Dividends received from equity investments at fair value through profit or loss as of 31, December of 2018, 2017 and 2016 amount COP 54,477, COP 20,297 and COP 30,468, respectively. Dividends from equity investments at fair value through OCI amount COP 13,105, COP 11,951 and COP 9,317, respectively. As of December 31, 2018, 2017 and 2016, the amount includes dividends of investments derecognised for COP 950, COP 1,556 and COP 1,638, respectively.</div></div></div></td></tr><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">As of December 31, 2018, there is a profit on capital investments due to the increase in fair value in the portfolio measured at fair value through profit or loss held&#160;by Banagricola S.A.</div></div></div></td></tr><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(3)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">For further information, see note 7 investments in associates and joint ventures.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 36pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">11.3.5.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Reconciliation of the effective tax rate</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 58.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Reconciliation of the tax rate</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31,</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31,</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31,</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2016</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of Colombian pesos</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Accounting profit</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,615,870</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,992,771</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,968,282</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Applicable tax with nominal rate</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,337,872</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,597,108</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,587,313</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Non-deductible expenses to determine taxable profit (loss) </div></div><div style="color: rgb(255, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="color: rgb(255, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">266,246</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">356,350</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">255,435</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Accounting and non-tax expense (income) to determine of taxable profit (loss)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(168,134)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(179,605)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(217,056)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;Base Differences</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">486,193</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">341,828</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(348,985)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Fiscal and non-accounting expense (income) to determine of taxable profit (loss)</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(579,660)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(23,844)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">23,381</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Ordinary activities income exempt from taxation </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(235,560)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(181,406)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(121,917)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Ordinary activities income not constituting income or occasional tax gain</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(133,211)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(130,272)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(111,027)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Tax deductions</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(25,398)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(184,620)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(107,083)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Goodwill Depreciation</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(218,277)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(233,004)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Tax depreciation surplus</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(118,046)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(177,936)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(20,323)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Tax rate effect in other countries</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(92,125)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(218,785)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">72,144</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Prior fiscal terms</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(146,837)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,967</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,519</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Other effects of the tax rate by reconciliation between accounting profit and tax expense (income)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">456,372</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">268,817</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">162,431</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total tax</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">829,435</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,238,598</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,176,832</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">For the Consolidated Financial Statements as of December 31, 2017 and 2018, the Bancolombia Group, once the tax positions adopted in the statements subject to review by the tax authority were analyzed, considered it necessary to reverse and update the uncertain positions in accordance with the administrative acts undertaking during the year:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 80%;;margin-left :auto;margin-right :auto;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 40.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Balance December 2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Update</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Payments</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Reversal</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Balance December</div></div><br/><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">353,338</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">13,606</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">156,953</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">95,023</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">114,968</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following is the detail of the fiscal losses and presumptive income excesses over net income in the Group's entities, which have not been used, as of December 31, 2018.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 40%;;margin-left :auto;margin-right :auto;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 45.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Base</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 55.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Deferred tax recognized</div></div><br/><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">asset</div></div></div></td></tr><tr><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of Colombian pesos</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">224,817</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">74,190</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">On January 1, 2018 the Bank adopted IFRS 9. Consequently, some debt securities have been reclassified from one portfolio to another or remeasured considering the Bank&#8217;s definition of its business model under IFRS 9.&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 81%;;margin-left :auto;margin-right :auto;"><tr><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); border-top: 1pt solid rgb(0, 0, 0); padding: 0px 3.5pt; vertical-align: middle; width: 34%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Debt instruments</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 32.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Measurement under IFRS </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">9 (2013)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 22.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Measurement under </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">IFRS 9 (2014) </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-right: 1pt solid rgb(0, 0, 0); border-top: 1pt solid rgb(0, 0, 0); padding: 0px 3.5pt; vertical-align: middle; width: 12%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Difference</div></div></div></td></tr><tr><td colspan="4" style="border-bottom: 1pt solid rgb(0, 0, 0); border-top: 1pt solid rgb(0, 0, 0); padding: 0px 3.5pt; vertical-align: middle; width: 100%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; font-weight: normal; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="font-weight:bold;display:inline;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, times, serif; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;;font-weight:bold;display:inline;">In millions of COP</div></div></div></div></td></tr><tr><td style="border-bottom: none; border-left: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 3.5pt; vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Fair value through profit or loss</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,701,855</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,777,923</div></div></td><td style="border-bottom: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 3.5pt; vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,923,932)</div></div></td></tr><tr><td style="border-bottom: none; border-left: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 3.5pt; vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Amortized cost</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,157,568</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,121,981</div></div></td><td style="border-bottom: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 3.5pt; vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,035,587)</div></div></td></tr><tr><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 3.5pt; vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Transfer to Fair value through other comprehensive income</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,991,352</div></div></td><td style="border-bottom: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 3.5pt; vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,991,352</div></div></td></tr><tr><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 3.5pt; vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total debt instruments</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">14,859,423</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">14,891,256</div></div></div></td><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-right: 1pt solid rgb(0, 0, 0); border-top: 1pt solid rgb(0, 0, 0); padding: 0px 3.5pt; vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">31,833</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 54pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, times, serif; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;;font-style:italic;display:inline;;font-style:italic;display:inline;">For further information, see classification under IFRS 9, as described in Note 32 impacts on application of new standards.</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">a)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">For financial institutions, the rate of income and supplementary taxes is modified and some points are added to the general rate, when the taxable income is equal to or greater than 120,000 TVU (Tax value unit) , as follows:</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;margin-left: 1.50in;width: 45%;"><tr><td colspan="5" style="border-bottom: solid #a6a6a6 1.0pt;border-left: solid #a6a6a6 1.0pt;border-right: solid #a6a6a6 1.0pt;border-top: solid #a6a6a6 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Income tax and complementary</div></div></div></td></tr><tr><td style="border-bottom: solid #a6a6a6 1.0pt;border-left: solid #a6a6a6 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 40.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #a6a6a6 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></div></td><td style="border-bottom: solid #a6a6a6 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></div></td><td style="border-bottom: solid #a6a6a6 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2021</div></div></div></td><td style="border-bottom: solid #a6a6a6 1.0pt;border-left: none;border-right: solid #a6a6a6 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2022</div></div><br/><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">onwards</div></div></div></td></tr><tr><td style="background: #ffffff;border-bottom: solid #a6a6a6 1.0pt;border-left: solid #a6a6a6 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Rate </div></div></td><td style="background: #ffffff;border-bottom: solid #a6a6a6 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">33%</div></div></td><td style="background: #ffffff;border-bottom: solid #a6a6a6 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">32%</div></div></td><td style="background: #ffffff;border-bottom: solid #a6a6a6 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">31%</div></div></td><td style="background: #ffffff;border-bottom: solid #a6a6a6 1.0pt;border-left: none;border-right: solid #a6a6a6 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">30%</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: solid #a6a6a6 1.0pt;border-left: solid #a6a6a6 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Additional points </div></div></td><td style="background: #ffffff;border-bottom: solid #a6a6a6 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4%</div></div></td><td style="background: #ffffff;border-bottom: solid #a6a6a6 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3%</div></div></td><td style="background: #ffffff;border-bottom: solid #a6a6a6 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3%</div></div></td><td style="background: #ffffff;border-bottom: solid #a6a6a6 1.0pt;border-left: none;border-right: solid #a6a6a6 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0%</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: solid #a6a6a6 1.0pt;border-left: solid #a6a6a6 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total rate</div></div></div></td><td style="background: #ffffff;border-bottom: solid #a6a6a6 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">37%</div></div></div></td><td style="background: #ffffff;border-bottom: solid #a6a6a6 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">35%</div></div></div></td><td style="background: #ffffff;border-bottom: solid #a6a6a6 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">34%</div></div></div></td><td style="background: #ffffff;border-bottom: solid #a6a6a6 1.0pt;border-left: none;border-right: solid #a6a6a6 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">30%</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The detail of the carrying value of the financial assets investments is as follows as of December 31, 2018:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div><div style="text-decoration: none; background: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><div style="font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; text-align: left; color: rgb(0, 117, 192); background: none;"></div><table style="font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; width: 100%; border-collapse: collapse; border-spacing: 0px;"><tr><td rowspan="2" style="border: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 10pt; font-size: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; line-height: 15.3333px; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Financial assets investments</div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 15.3333px; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif;">&#160;</td><td colspan="2" style="border-bottom: 1pt solid black; border-top: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 10pt; font-size: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; line-height: 15.3333px; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Measurement methodology</div></div></td><td rowspan="2" style="border-bottom: 1pt solid black; border-top: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif;"><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:center"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total carrying</div></div></div><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:center"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">value</div></div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif;"><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:center"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair value through</div></div></div><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:center"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">profit or loss</div></div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif;"><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:center"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair value through other</div></div></div><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:center"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">comprehensive income</div></div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 10pt; font-size: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; line-height: 15.3333px; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Amortized cost</div></div></td></tr><tr style="vertical-align:top"><td colspan="5" style="border-bottom: 1pt solid black; border-right: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 117, 192); line-height: 15.3333px; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></td></tr><tr><td style="border-left: 1pt solid black; padding: 0px 3.5pt; line-height: 10pt; width: 744.688px; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; line-height: 15.3333px; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by the Colombian Government</div></div></td><td style="vertical-align: top; width: 273.688px; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; line-height: 15.3333px; letter-spacing: 0px; top: 0px;;display:inline;">7,242,168</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 10pt; width: 273.688px; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; line-height: 15.3333px; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 10pt; width: 273.688px; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; line-height: 15.3333px; letter-spacing: 0px; top: 0px;;display:inline;">50,243</div></td><td style="border-right: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 10pt; width: 272.688px; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; line-height: 15.3333px; letter-spacing: 0px; top: 0px;;display:inline;">7,292,411</div></td></tr><tr><td style="border-left: 1pt solid black; padding: 0px 3.5pt; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; line-height: 15.3333px; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by foreign governments</div></div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; line-height: 15.3333px; letter-spacing: 0px; top: 0px;;display:inline;">817,639</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; line-height: 15.3333px; letter-spacing: 0px; top: 0px;;display:inline;">3,143,488</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; line-height: 15.3333px; letter-spacing: 0px; top: 0px;;display:inline;">272,073</div></td><td style="border-right: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; line-height: 15.3333px; letter-spacing: 0px; top: 0px;;display:inline;">4,233,200</div></td></tr><tr><td style="border-left: 1pt solid black; padding: 0px 3.5pt; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; line-height: 15.3333px; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by government entities</div></div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; line-height: 15.3333px; letter-spacing: 0px; top: 0px;;display:inline;">43,846</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; line-height: 15.3333px; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; line-height: 15.3333px; letter-spacing: 0px; top: 0px;;display:inline;">1,875,260</div></td><td style="vertical-align: top; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; line-height: 15.3333px; letter-spacing: 0px; top: 0px;;display:inline;">1,919,106</div></td></tr><tr><td style="border-left: 1pt solid black; padding: 0px 3.5pt; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="color: rgb(0, 0, 0); font-family: 'times new roman', times, serif; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;;font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by other financial institutions<div style="vertical-align: super;font-size: smaller;display:inline;">(1)</div></div> </td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; line-height: 15.3333px; letter-spacing: 0px; top: 0px;;display:inline;">661,176</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; line-height: 15.3333px; letter-spacing: 0px; top: 0px;;display:inline;">186,250</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; line-height: 15.3333px; letter-spacing: 0px; top: 0px;;display:inline;">143,750</div></td><td style="vertical-align: top; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; line-height: 15.3333px; letter-spacing: 0px; top: 0px;;display:inline;">991,176</div></td></tr><tr><td style="border-left: 1pt solid black; padding: 0px 3.5pt; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; line-height: 15.3333px; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Corporate bonds</div></div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; line-height: 15.3333px; letter-spacing: 0px; top: 0px;;display:inline;">145,032</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; line-height: 15.3333px; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; line-height: 15.3333px; letter-spacing: 0px; top: 0px;;display:inline;">1,140,602</div></td><td style="vertical-align: top; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; line-height: 15.3333px; letter-spacing: 0px; top: 0px;;display:inline;">1,285,634</div></td></tr><tr><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 117, 192); line-height: 15.3333px; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total debt instruments</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 117, 192); line-height: 15.3333px; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">8,909,861</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 117, 192); line-height: 15.3333px; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,329,738</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 117, 192); line-height: 15.3333px; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,481,928</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; border-top: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 117, 192); line-height: 15.3333px; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">15,721,527</div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 117, 192); line-height: 15.3333px; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total equity securities</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 117, 192); line-height: 15.3333px; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,101,461</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 117, 192); line-height: 15.3333px; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">538,487</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 117, 192); line-height: 15.3333px; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 117, 192); line-height: 15.3333px; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,639,948</div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 117, 192); line-height: 15.3333px; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total financial assets Investments</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 15.3333px; font-family: &quot;times new roman&quot;, times, serif;">&#160;</td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 15.3333px; font-family: &quot;times new roman&quot;, times, serif;">&#160;</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 15.3333px; font-family: &quot;times new roman&quot;, times, serif;">&#160;</td><td style="border-bottom: 1pt solid black; vertical-align: top; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 117, 192); line-height: 15.3333px; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">17,361,475</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px; background: none;"></div><div style="font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; text-align: left; color: rgb(0, 117, 192); background: none;"><div style="text-decoration: none; background: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div><div style="background: none; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; text-decoration: none; top: 0px;;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"> Includes mortgage-backed securities (TIPS) measured at fair value through profit or loss amounting to COP 196,920 and amortized cost amounting to COP 7. For further information on TIPS&#8217; fair value measurement see Note 29 fair value of assets and liabilities.</div></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">As of December 31, 2017, the finalcial assets investments was classsifed according to IFRS 9 (2013).</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div><div style="text-decoration: none; background: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; width: 100%; border-collapse: collapse; border-spacing: 0px;"><tr><td rowspan="2" style="border-width: 1pt; border-style: solid; border-color: black; padding: 0px 3.5pt; text-align: center; line-height: 10pt; font-size: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Financial assets investments</div></div></td><td colspan="2" style="border-bottom: 1pt solid black; border-top: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 10pt; font-size: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Measurement methodology</div></div></td><td rowspan="2" style="border-bottom: 1pt solid black; border-top: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; white-space: nowrap;"><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:center"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total carrying</div></div></div><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:center"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">value</div></div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; white-space: nowrap;"><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:center"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair value through</div></div></div><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:center"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">profit or loss</div></div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 10pt; font-size: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Amortized cost</div></div></td></tr><tr><td colspan="4" style="border-bottom: 1pt solid black; border-right: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 10pt; font-size: 10pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></td></tr><tr><td style="border-left: 1pt solid black; width: 895.688px; padding: 0px 3.5pt; text-align: left; line-height: 10pt; font-size: 10pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by the Colombian Government</div></div></td><td style="vertical-align: top; width: 405.688px; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,003,147</div></td><td style="vertical-align: top; width: 273.688px; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,965</div></td><td style="border-right: 1pt solid black; vertical-align: top; width: 272.688px; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,016,112</div></td></tr><tr><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 10pt; font-size: 10pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by foreign governments</div></div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,471,994</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,050,855</div></td><td style="border-right: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,522,849</div></td></tr><tr><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 10pt; font-size: 10pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by government entities</div></div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">36,038</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,926,554</div></td><td style="vertical-align: top; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,962,592</div></td></tr><tr><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 10pt; font-size: 10pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by other financial institutions</div></div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,052,776</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">225,431</div></td><td style="vertical-align: top; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,278,207</div></td></tr><tr><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 10pt; font-size: 10pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Corporate bonds</div></div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">137,900</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">941,763</div></td><td style="vertical-align: top; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,079,663</div></td></tr><tr><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 10pt; font-size: 10pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total debt instruments</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">10,701,855</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">4,157,568</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; border-top: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">14,859,423</div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 10pt; font-size: 10pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total equity securities</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 15.3333px; font-family: &quot;times new roman&quot;, times, serif;">&#160;</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 15.3333px; font-family: &quot;times new roman&quot;, times, serif;">&#160;</td><td style="border-bottom: 1pt solid black; vertical-align: top; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,517,830</div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total financial assets investments</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 15.3333px; font-family: &quot;times new roman&quot;, times, serif;">&#160;</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 15.3333px; font-family: &quot;times new roman&quot;, times, serif;">&#160;</td><td style="border-bottom: 1pt solid black; vertical-align: top; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">16,377,253</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px; background: none;"></div><div style="font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; text-align: justify; color: rgb(0, 117, 192); background: none;"><div style="text-decoration: none; background: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2018</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 96%;;margin-left :auto;margin-right :auto;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 40.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Less than 1</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">year</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Between 1 and 3</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">years</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Between 3 and 5</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">years</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Greater than 5</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">years</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td></tr><tr><td colspan="6" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td colspan="6" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Securities at fair value through profit or loss</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by the Colombian Government</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,376,212</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,142,086</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">884,248</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,839,622</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,242,168</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by foreign governments </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">511,149</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">25,165</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">55,041</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">226,284</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">817,639</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by government entities</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">27,905</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,488</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">109</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,344</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">43,846</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by other financial institutions</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">169,615</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">164,208</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">105,231</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">222,122</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">661,176</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Corporate bonds</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">28,539</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">20,739</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">47,415</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">48,339</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">145,032</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Subtotal</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,113,420</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,362,686</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,092,044</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,341,711</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">8,909,861</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair value through other comprehensive income</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by foreign governments </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,334,351</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,018,119</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">593,346</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">197,672</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,143,488</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by other financial institutions</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,807 </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">180,443 </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">186,250 </div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Subtotal </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,340,158 </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,018,119 </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">593,346 </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">378,115 </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,329,738 </div></div></div></td></tr><tr><td colspan="6" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Securities at amortized cost</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by the Colombian Government </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">50,243</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">50,243</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by foreign governments </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,534 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9,897 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,661 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">246,981 </div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">272,073 </div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by government entities </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,875,260 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,875,260 </div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by other financial institutions </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">85,366</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">23,650</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">34,734</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">143,750</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Corporate bonds </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">56,546</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">265,853</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">818,203</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,140,602</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Subtotal </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,023,403</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">90,093</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">303,248</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,065,184</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,481,928</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total debt instruments</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">6,476,981</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,470,898</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,988,638</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,785,010</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">15,721,527</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">For further information, see classification under IFRS 9, as described in Note 2.D Significant accounting policies.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2017</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 96%;;margin-left :auto;margin-right :auto;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 40.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Less than 1 </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">year</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Between 1 and 3</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">years</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Between 3 and 5</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">years</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Greater than 5</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">years</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td></tr><tr><td colspan="6" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td colspan="6" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Securities at fair value through profit or loss</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by the Colombian Government</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,163,682</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,299,116</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,164,689</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">375,660</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,003,147</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by foreign governments </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">962,640</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">408,586</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">736,105</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">364,663</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,471,994</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by government entities</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">11,134</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">14,825</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,946</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,133</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">36,038</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by other financial institutions</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">157,434</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">250,395</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">143,353</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">501,594</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,052,776</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Corporate bonds</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">35,255</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">16,027</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">21,419</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">65,199</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">137,900</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Subtotal</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,330,145</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,988,949</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,072,512</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,310,249</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">10,701,855</div></div></div></td></tr><tr><td colspan="6" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Securities at amortized cost</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by the Colombia Government </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,965 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,965 </div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by foreign governments</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">241,944</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">184,454</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">415,229</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">209,228</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,050,855</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by government entities</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,909,363</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">17,191</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,926,554</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by other financial institutions</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">117,075</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">68,166</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">40,190</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">225,431</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Corporate bonds</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">26,668</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">15,945</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">148,684</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">750,466</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">941,763</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Subtotal</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,295,050</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">298,721</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">604,103</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">959,694</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">4,157,568</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total debt instruments</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5,625,195</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">4,287,670</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,676,615</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,269,943</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">14,859,423</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table shows the fair value of equity securities:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td rowspan="2" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Equity securities</div></div></div></td><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Carrying amount</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 63.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Total of securities at fair value through profit or loss </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 18.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,101,461</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 19.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">988,455</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Total of securities at fair value through OCI</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">538,487</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">529,375</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total equity securities</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,639,948</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,517,830</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">(1)&#160;</div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">The growth is mainly due to the increase of the Sura Assets Management fair value by COP 69,162 at the end of the year 2018. In accordance with the price conditions agreed with Caisse de D&#233;p&#244;t et Placement du Qu&#233;bec (CDPQ) for the sale of this investment, the total Bank&#8217;s shareholding will be sold for (USD 135,173) COP 439,279.</div></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 0 1119973000000 -819000000 478482000000 40000000 37391000000 45000000 19105000000 34000000 13063000000 0 12503000000 -16000000 8867000000 -26000000 8594000000 79000000 8313000000 0 3420000000 0 1258000000 0 0 0 0 0 0 <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table details the equity instruments designated at fair value through other comprehensive income analyzed by listing status:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td rowspan="2" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Equity securities</div></div></div></td><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Carrying amount</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 63.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Securities at fair value through OCI</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">:</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 18.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 19.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Equity securities listed in Colombia</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">71,626</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">76,178</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Equity securities listed elsewhere</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,319</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,766</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Equity securities unlisted: </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 10.0pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">TELERED</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100,126</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">82,384</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 10.0pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Asociaci&#243;n Gremial de Instituciones Financieras Credibanco S.A.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">84,807</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">85,342</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 10.0pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">CIFI</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">23,663</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">29,922 </div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 10.0pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Compa&#241;&#237;a De Procesamiento de Medios de Pago Guatemala(Bahamas), S. A.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">17,408</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">11,009</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 10.0pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Transacciones y Transferencias, S. A.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,424</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,059</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 10.0pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">CADENALCO</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,964</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,782</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 10.0pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Deceval</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">22,024</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 10.0pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Others</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">226,150</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">205,909 </div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total equity securities at fair value through OCI</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">538,487</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">529,375</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"> Between 2018 and 2017 Deceval was totally sold for COP 21,444 due to the merger between Bolsa de Valores de Colombia (BVC) and Deceval. This transaction transferred from OCI to retained earnings the amount of COP 20,644.</div></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The detail of the securities pledged as collateral as of December 31, 2018 and 2017 is as follows:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2018</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 43.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Pledged financial assets</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 23.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Term</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 18.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Security pledged</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 16.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Carrying amount</div></div></div></td></tr><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td colspan="4" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Investments pledged as collateral in money market</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Equity securities listed in stock market</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Less than 3 months</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Stocks</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;2,855 </div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by the Colombian Government</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Less than 3 months</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">TES-Treasury instruments</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;264,292 </div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by the Colombian Government</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Between 3 and 6 months</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">TES-Treasury instruments</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;67,658 </div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by the Colombian Government</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Between 6 and 12 months</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">TES-Treasury instruments</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;713,974 </div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by the Colombian Government</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Greater 12 months</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">TES-Treasury instruments</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;1,131,623 </div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by foreign governments</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Greater 12 months</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Bonds</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;285,463 </div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by other financial institutions</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Greater 12 months</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">CDT</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;181,951 </div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Subtotal investments pledged as collateral in money market</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,647,816</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Investments pledged as collateral in derivative operations</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Equity securities listed in stock market</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Less than 3 months</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Stocks</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;91 </div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by the Colombian Government</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Between 3 and 6 months</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">TES - Treasury instruments</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;1,353 </div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by the Colombian Government</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Between 6 and 12 months</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">TES - Treasury instruments</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;168,375 </div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by the Colombian Government</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Greater 12 months</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">TES - Treasury instruments</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;10,182 </div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Subtotal investments pledged as collateral in derivative operations</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;180,001</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total securities pledged as collateral</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;2,827,817 </div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2017</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 43.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Pledged financial assets</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 23.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Term</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 18.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Security pledged</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 16.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Carrying amount</div></div></div></td></tr><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td colspan="4" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Investments pledged as collateral in repo operations</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by the Colombian Government</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Greater twelve months</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">TES - Treasury instruments</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,744,736</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by the Colombian Government</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Between six and twelve months</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">TES - Treasury instruments</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">877,673</div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Subtotal investments pledged as collateral in repo operations</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,622,409</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Investments pledged as collateral in derivative operations</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by the Colombian Government</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;">Between six and twelve months</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">TES - Treasury instruments</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">78,688</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by the Colombian Government</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;">Greater twelve months</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">TES - Treasury instruments</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">40,247</div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Subtotal investments pledged as collateral in derivative operations</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">118,935</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total securities pledged as collateral</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,741,344</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 86759000000 75845000000 90590000000 118857000000 57567000000 34487000000 Companies with annual sales &gt;= COP 80,000 M. Banistmo places borrowers with annual sales &gt;= USD 10 M. Banco Agr&#237;cola and BAM place borrowers with annual sales &gt;= USD 25 M. Companies with annual sales &gt; = COP 20,000 M and &lt; COP 80,000 M except for Banco Agr&#237;cola and BAM, which place borrowers with annual sales &gt;= USD 5 M and &lt; USD 25 M. Constructors who dedicate themselves professionally to the construction of buildings to be sold or rented as their main activity, with annual sales &gt;= COP 20,000 M and &lt;= COP 45,000 M. They must have more than 3 projects executed as previous experience. Constructors who dedicate themselves to the construction of buildings to be sold or rented as their main activity, with annual sales &gt; COP 45,000 M. They must have more than 3 projects executed as previous experience. Constructors who dedicate themselves professionally to the construction of buildings to be sold or rented as their main activity with annual sales &gt;= COP 380 M and &lt;= COP 20,000 M. They must have more than 3 projects executed as previous experience. Financial sector institutions. Municipalities, districts, departments with their respective decentralized organizations and entities at the national level with incomes &gt;= COP 20,000 M. Annual sales &lt; COP 20,000 M, with a classification between small, medium, large and plus except for Banistmo which includes borrowers &lt; USD 10 M in annual sales, for Banco Agr&#237;cola and BAM &lt; USD 5 M. <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table shows the breakdown of the changes in the gross carrying amount of the debt securities at Fair value through other comprehensive income and Amortized cost, in order to explain their significance to the changes in the loss allowance for the same portfolio as discussed above:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: 0.75pt solid black; border-left: 1pt solid rgb(0, 0, 0); border-right: none; border-top: 1pt solid rgb(0, 0, 0); padding: 0px 0px 0px 10pt; vertical-align: middle; width: 54%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Debt instruments portfolio measure at fair value through OCI and amortized cost</div></div></div></td><td style="border-bottom: 0.75pt solid black; border-left: none; border-right: none; border-top: 1pt solid rgb(0, 0, 0); padding: 0pt 0px; vertical-align: middle; width: 15%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Stage 1</div></div></div></td><td style="border-bottom: 0.75pt solid black; border-left: none; border-right: none; border-top: 1pt solid rgb(0, 0, 0); padding: 0pt 0px; vertical-align: middle; width: 17%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Stage 2</div></div></div></td><td style="border-bottom: 0.75pt solid black; border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: 1pt solid rgb(0, 0, 0); padding: 0pt 0px; vertical-align: middle; width: 14%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td></tr><tr><td colspan="4" style="border-bottom: 0.75pt solid black; border-left: 1pt solid rgb(0, 0, 0); border-right: none; border-top: none; padding: 0px 3.5pt; vertical-align: top; width: 0px; text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, times, serif; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;;font-weight:bold;display:inline;">In millions of COP</div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Gross carrying amount as at 1 January 2018 </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5,673,059 </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">440,273 </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">6,113,332 </div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Transfers: </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 10.0pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Transfer from Stage 2 to Stage 1</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">153,447 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(153,447)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Change in measurement <div style="vertical-align: super;font-size: smaller;display:inline;">(2)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">130,671</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">130,671</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Financial assets derecognized during the period other than write-offs</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(3,124,605)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(279,488)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(3,404,093)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">New financial assets purchased </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,859,206</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">393</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,859,599</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Valuation on investments and Write-offs</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(133,232)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,109 </div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(129,123)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Foreign exchange</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">226,961 </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">14,319 </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">241,280 </div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Gross carrying amount as at 31 December 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">6,785,507 </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">26,159 </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">6,811,666 </div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.06in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 0.3pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">(1)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">For further information, see adoption of new accounting standards in Note 32 Impacts on application of new standars</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 0.3pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">(2)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Change in measurement to transfer a small proportion of Grupo Agromercantil Holding debt instruments portfolio from fair value to amortized cost.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 4938711000000 0.0232 114361000000 1641169000000 0.0498 81796000000 3806554000000 0.3321 1264077000000 1509014000000 0.7622 1150212000000 11895448000000 0.2194 2610446000000 159890000000 11304000000 2172208000000 675135000000 1262837000000 29499000000 449640000000 442745000000 <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2018</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); border-top: 1pt solid rgb(0, 0, 0); padding: 0px 3.5pt; vertical-align: middle; width: 54%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Concept</div></div></div></td><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-top: 1pt solid rgb(0, 0, 0); padding: 0px 3.5pt; vertical-align: middle; width: 15%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Stage 1</div></div></div></td><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-top: 1pt solid rgb(0, 0, 0); padding: 0px 3.5pt; vertical-align: middle; width: 17%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Stage 2</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td></tr><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Securities at amortized cost</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,456,164 </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">25,764 </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,481,928 </div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Carrying amount</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,467,285 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">26,373 </div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,493,658 </div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Loss allowance</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(11,121)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(609)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(11,730)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Securities at fair value through other comprehensive income</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,329,345 </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">393 </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,329,738 </div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Carrying amount</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,332,398 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">393 </div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,332,791 </div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Loss allowance</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(3,053)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(3,053)</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table sets forth the changes in the allowance for debt instruments measured at amortized cost and fair value through other comprehensive income:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); border-top: 1pt solid rgb(0, 0, 0); padding: 0px 3.5pt; vertical-align: middle; width: 54%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Concept</div></div></div></td><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-top: 1pt solid rgb(0, 0, 0); padding: 0px 3.5pt; vertical-align: middle; width: 15%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Stage 1</div></div></div></td><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-top: 1pt solid rgb(0, 0, 0); padding: 0px 3.5pt; vertical-align: middle; width: 17%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Stage 2</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td></tr><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Balance of January 1, 2018</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,932 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,797 </div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">15,729 </div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net effect in loss allowance changes </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,044 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,467)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,577 </div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 9.8pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Transfer to 12-Month ECL</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">3,955 </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(500)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">3,455 </div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 9.8pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Transfer to lifetime ECL not credit-impaired</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">1,089</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1,967)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(878) </div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">New debt instruments purchased</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,508 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,508 </div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Debt instruments that have been derecognized</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(7,072)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(3,714)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(10,786)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Translation adjustment</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">762</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(7)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">755 </div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Balance of December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">14,174</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">609</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">14,783 </div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 458943000000 631813000000 663326000000 380612000000 35278000000 <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table sets forth for the Bank&#8217;s derivatives by type of risk as of December 31, 2018 and 2017:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 48.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Derivatives</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 27.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 25.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Forwards</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assets</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-indent: 0.13in; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Foreign exchange contracts</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">294,345</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">172,310</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Equity contracts</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">981</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">372</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Subtotal assets</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">295,326</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">172,682</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Liabilities</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; text-indent: 0.13in; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Foreign exchange contracts</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(299,015)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(142,976)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Equity contracts</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(7,585)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(4,470)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Subtotal liabilities</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(306,600)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(147,446)</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total forwards</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(11,274)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">25,236</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Swaps</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assets</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; text-indent: 0.13in; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Foreign exchange contracts</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,199,236</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">672,558</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Interest rate contracts</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">252,928</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">274,137</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Subtotal assets</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,452,164</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">946,695</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Liabilities</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; text-indent: 0.13in; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Foreign exchange contracts</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(700,903)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(505,823)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Interest rate contracts</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(257,978)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(275,641)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Subtotal liabilities</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(958,881)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(781,464)</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total swaps</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">493,283</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">165,231</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Options</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assets</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; text-indent: 0.13in; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Foreign exchange contracts</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">96,218</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">14,995</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Subtotal assets</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">96,218</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">14,995</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Liabilities</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; text-indent: 0.13in; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Foreign exchange contracts</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(29,589)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(16,943)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Subtotal liabilities</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(29,589)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(16,943)</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total options</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">66,629</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(1,948)</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Derivative assets</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,843,708</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,134,372</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Derivative liabilities</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(1,295,070)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(945,853)</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total, net</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">548,638</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">188,519</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The table below present the notional amounts of the derivatives contracts as of December 31, 2018 and 2017:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 48.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Derivatives</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 27.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 25.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Forwards</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assets</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Foreign exchange contracts</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,968,445</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">11,618,005</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Equity contracts</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">495,124</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,010,557</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Subtotal assets</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">11,463,569</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">12,628,562</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Liabilities</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; text-indent: 0.13in; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Foreign exchange contracts</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(11,482,549)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(10,276,967)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Equity contracts</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,278,708)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,796,020)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Subtotal liabilities</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(13,761,257)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(12,072,987)</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total forwards</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(2,297,688)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">555,575</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Swaps</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assets</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; text-indent: 0.13in; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Foreign exchange contracts</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,504,017</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,188,880</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Interest rate contracts</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">21,281,866</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">16,315,701</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Subtotal assets</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">31,785,883</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">22,504,581</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Liabilities</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; text-indent: 0.13in; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Foreign exchange contracts</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(4,962,024)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(4,163,466)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Interest rate contracts</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(16,997,169)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(15,850,149)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Subtotal liabilities</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(21,959,193)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(20,013,615)</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total swaps</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">9,826,690</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,490,966</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Options</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assets</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; text-indent: 0.13in; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Foreign exchange contracts</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,797,496</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">697,346</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Subtotal assets</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,797,496</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">697,346</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Liabilities</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; text-indent: 0.13in; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Foreign exchange contracts</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,638,795)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(682,197)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Subtotal liabilities</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(1,638,795)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(682,197)</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total options</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">158,701</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">15,149</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Futures</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assets</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; text-indent: 0.13in; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Foreign exchange contracts</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,426,478</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,772,283</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Equity contracts</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">54,002</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">175,500</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Subtotal assets</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,480,480</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,947,783</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Liabilities</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; text-indent: 0.13in; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Foreign exchange contracts</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,434,115)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Equity contracts</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(3,000)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.13in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Subtotal liabilities</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(1,437,115)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total futures</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">43,365</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,947,783</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Derivative assets</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">46,527,428</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">39,778,272</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Derivative liabilities</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(38,796,360)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(32,768,799)</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total, net</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">7,731,068</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">7,009,473</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2018</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 27.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: center; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 19.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Forwards</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 19.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Swaps</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 18.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Options</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 17.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assets </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">295,326</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,452,164</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">96,218</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,843,708</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Up to 1 year</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">277,578</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">645,735</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">69,292</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">992,605</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">From 1 to 3 years</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">17,741</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">345,321</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">26,926</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">389,988</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Over 3 years</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">461,108</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">461,115</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Liabilities</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(306,600)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(958,881)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(29,589)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(1,295,070)</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Up to 1 year</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(292,585)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(270,900)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(17,305)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(580,790)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">From 1 to 3 years</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(14,015)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(262,848)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(12,284)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(289,147)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Over 3 years</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(425,133)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(425,133)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(11,274)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">493,283</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">66,629</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">548,638</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2017</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 27.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: center; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 19.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Forwards</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 19.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Swaps</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 18.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Options</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 17.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assets </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">172,682</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">946,695</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">14,995</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,134,372</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Up to 1 year</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">170,299</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">240,690</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">14,229</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">425,218</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">From 1 to 3 years</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,383</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">339,934</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">766</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">343,083</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Over 3 years</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">366,071</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">366,071</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Liabilities</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(147,446)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(781,464)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(16,943)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(945,853)</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Up to 1 year</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(141,326)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(135,749)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(15,836)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(292,911)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">From 1 to 3 years</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(6,120)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(321,708)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,107)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(328,935)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Over 3 years</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(324,007)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(324,007)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">25,236</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">165,231</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(1,948)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">188,519</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The table below presents the cash collateral amounts posted under derivatives contracts as of December 31, 2018 and 2017:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; text-indent: 0.79in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 48.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 27.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 25.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Collateral paid</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">213,677</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">154,599 </div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Collateral received</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(471,340)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(264,700)</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 0.9980 1.00 0.99 Technology services provider 250 days Colombia 0 0 1500000000 0 7213000000 Administration of the customers loyalty Colombia -1787000000 <div style="border-bottom: solid #ffffff 1.0pt;border-left: none;border-right: none;border-top: none;margin-left: 0;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 16pt; margin-left: 0.3in; text-align: justify; text-indent: -0.3in;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 16pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">NOTE 12. ASSETS HELD FOR SALE AND INVENTORIES, NET</div></div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The breakdown of inventories and assets held for sale, net of the Bank is as follows:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 54.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assets held for sale and inventories</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 23.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 23.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Inventories, net</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">290,605</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">164,516</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Assets held for sale</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">345,423</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">212,487</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total inventories and assets held for sale, net</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">636,028</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">377,003</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.12in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0%;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 36pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">12.1</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Inventories</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Due to the nature of the financial services provided by some subsidiaries of the Bank, when assets provided through operating or financial leases to third parties that do not exercise the purchase option or do not have a purchase option, once the agreement expires those assets are recorded as inventories, considering that in the course of the ordinary activities performed by such subsidiaries, those assets are routinely sold.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank's inventories at December 31, 2018&#160;and 2017, are summarized as follows:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 54.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Inventories</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 23.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 23.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Lands and buildings</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">250,543</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">117,339</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Vehicles</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">41,853</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">45,741</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Machinery</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">20,527</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">16,252</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total inventory cost</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">312,923</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">179,332</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Impairment</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(22,318)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(14,816)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total inventories, net</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">290,605</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">164,516</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Impairment is recognized based on market price fluctuation due to the fact that the fair value is determined by the offering price less cost to sell.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">There are no inventories pledged as collateral for liabilities as of December 31, 2018 and 2017.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0%;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 36pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">12.2</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assets held for sale</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The assets recognized by the Bank as assets held for sale correspond to machinery, equipment, motor vehicles, technology, and investment property, among others that have been received as foreclosed assets.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank's assets held for sale have a current plan to sale, which contains the details of the selling price allocation and the advertising and marketing plan of the assets. Furthermore, the plan specifies the conditions to proceed with the selling process, consisting of an offer made by the customer and then, the Management's approval to perform the sale.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The total balance of assets held for sale, by operating segment, are detailed below:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2018</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 30.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assets held for sale</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Colombia</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Panama</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">El Salvador</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Guatemala</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Others</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Segment</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 10.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td></tr><tr><td colspan="7" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Machinery and equipment </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,696</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,860</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5,556</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;Cost </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,065</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,090</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,155</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;Impairment</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(369)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(230)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(599)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Real estate for residential purposes</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">29,562</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">59,241</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,762</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,487</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">92,052</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;Cost </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">30,472</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">61,286</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,800</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,487</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">95,045</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Impairment</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(910)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,045)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(38)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,993)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Real estate different from residential properties</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">452</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">23,624</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">24,076</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;Cost </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">998</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">23,822</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">24,820</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Impairment</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(546)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(198)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(744)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Investments held for sale</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">19,128</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">19,128</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;Cost </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">19,128</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">19,128</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Impairment</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assets related to Investments held for sale</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">204,611</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">204,611</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;Cost </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">209,002</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">209,002</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Impairment </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(3)</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(4,391)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(4,391)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total assets held for sale</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">32,710</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">85,725</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,762</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,487</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">223,739</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">345,423</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">In December 2017, the management launched the execution of a sale plan for the investments associated with Avefarma S.A.S, Glassfarma Tech S.A.S. and Panamerican Pharmaceutical Holding Inc., for this reason the investments are presented as "non-current assets held for sale". Management is still committed to a plan to sell the aforementioned investments.</div></div></div></td></tr><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">These assets corresponded to Arrendamiento Operativo CIB S.A.C. and FiduPer&#250; S.A. Sociedad Fiduciaria.</div></div></div></td></tr><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(3)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">In September 2018, FiduPer&#250; S.A. returned capital to its shareholders. At the end of the 2018 period, the Administration adjusted the book value of the asset based on the fair value of the company, recognizing an impairment in the Income Statement.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none;">&#160;</div><div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2017</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 30.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assets held for sale</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Colombia</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Panama</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">El Salvador</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Guatemala</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Others</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Segment</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 10.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td></tr><tr><td colspan="7" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Machinery and equipment </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">8,099</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,362</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">39</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">11,500</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;Cost </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,972</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,422</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">39</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,433</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;Impairment</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(873)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(60)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(933)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Real estate for residential purposes</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">8,346</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">12,257</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,586</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">665</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">23,854</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;Cost </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,431</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,859</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,645</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">885</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">24,820</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Impairment</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(85)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(602)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(59)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(220)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(966)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Real estate different from residential properties</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">295</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">952</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">155</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,402</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;Cost </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">295</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">952</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">178</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">24</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,449</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Impairment</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(23)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(24)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(47)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Investments held for sale</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">18,413</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">18,413</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;Cost </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">18,413</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">18,413</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Impairment</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assets related to Investments held for sale</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">157,318</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">157,318</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;Cost </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">157,318</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">157,318</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Impairment</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total assets held for sale</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">16,740</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">16,571</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,586</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">859</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">175,731</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">212,487</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">In December 2017, the management launched the execution of a sale plan for the investments associated with Avefarma S.A.S, Glassfarma Tech S.A.S. and Panamerican Pharmaceutical Holding Inc., for this reason the investments are presented as "non-current assets held for sale".</div></div></div></td></tr><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">These assets corresponded to Arrendamiento Operativo CIB S.A.C.; Capital Investments SAFI S.A. and FiduPer&#250; S.A. Sociedad Fiduciaria.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none;">&#160;</div><div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Since 2017, the Bank has the intention to sell its participation in the companies Arrendamiento Operativo CIB S.A.C.; Capital Investments SAFI S.A. (wound-up) and FiduPer&#250; S.A. Sociedad Fiduciaria. Therefore, the Bank expects that their carrying amounts will be recovered principally through a sale transaction rather than through continuing use. As a result, these companies are disclosed in the Statement of Financial Position as assets held for sale. The sale is highly probable, and those companies are available for immediate sale subject only to customary terms for sale. In this regard, Bank is managing all the necessary authorizations to carry out the sale such as the approval of the Peruvian Superintendence of Banking and Insurance. The company Capital Investments SAFI S.A. was liquidated in the course of the year 2018. For further information about Arrendamiento Operativo CIB S.A.C transaction, see Note 33 Subsequent events.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The breakdown of the major classes of assets and liabilities classified&#160;as held for sale is as follows:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 60.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assets</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Cash and cash equivalents</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,476</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">19,072</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Financial assets investment</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,486</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Premises and equipment, net</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">164,356</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">109,469</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Prepaid expenses</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">412</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">101</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Tax receivables</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,093</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,028</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Deferred tax</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,551</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,103</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Assets held for sale</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">721</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,691</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Other assets</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">22,393</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,368</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total assets </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">209,002</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; text-align: right;"><div style="font-weight:bold;display:inline;width:100%;"><div style="color:#0075c0;;display:inline;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">157,318</div></div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Liabilities</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Borrowings from other financial institutions</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">150,254</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">90,109</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Tax liabilities</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,054</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">611</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Deferred tax liabilities</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,832</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,908</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Other liabilities</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,456</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,348</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total liabilities</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; text-align: right;"><div style="color:#0075c0;;display:inline;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">163,596</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">102,976</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-align: justify; text-indent: -0.13in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">In September 2018, the management adjusted the book value of FiduPer&#250; S.A. Sociedad Fiduciaria based on the fair value of the company, recognizing an impairment in the Income Statement for COP 4,391.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Assets held for sale had an impairment amounting COP 8,727 and COP 1,946 as of December 31, 2018 and December 31, 2017, respectively. The aforementioned impairment was mainly due to observable transactions with a sale price below the carrying value of assets less the estimated costs to sell.</div></div> <table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The breakdown of inventories and assets held for sale, net of the Bank is as follows:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 54.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assets held for sale and inventories</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 23.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 23.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Inventories, net</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">290,605</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">164,516</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Assets held for sale</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">345,423</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">212,487</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total inventories and assets held for sale, net</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">636,028</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">377,003</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank's inventories at December 31, 2018&#160;and 2017, are summarized as follows:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 54.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Inventories</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 23.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 23.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Lands and buildings</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">250,543</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">117,339</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Vehicles</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">41,853</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">45,741</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Machinery</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">20,527</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">16,252</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total inventory cost</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">312,923</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">179,332</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Impairment</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(22,318)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(14,816)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total inventories, net</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">290,605</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">164,516</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 370671 66569 85615 39610 0 0 0 12783 0 575248 0 575248 1258047 185466 97163 66731 0 0 0 3707 0 1611114 0 1611114 0 7033 0 29 0 0 20012 0 0 27074 0 27074 33313 15352 4749 3055 0 0 0 897 0 57366 0 57366 0 8184 1411 645 313886 0 81502 37 104 405769 0 405769 0 1200 1212 0 0 20262 9530 0 0 32204 0 32204 <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The total balance of assets held for sale, by operating segment, are detailed below:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2018</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 30.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assets held for sale</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Colombia</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Panama</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">El Salvador</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Guatemala</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Others</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Segment</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 10.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td></tr><tr><td colspan="7" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Machinery and equipment </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,696</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,860</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5,556</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;Cost </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,065</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,090</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,155</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;Impairment</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(369)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(230)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(599)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Real estate for residential purposes</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">29,562</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">59,241</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,762</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,487</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">92,052</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;Cost </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">30,472</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">61,286</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,800</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,487</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">95,045</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Impairment</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(910)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,045)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(38)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,993)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Real estate different from residential properties</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">452</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">23,624</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">24,076</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;Cost </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">998</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">23,822</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">24,820</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Impairment</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(546)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(198)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(744)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Investments held for sale</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">19,128</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">19,128</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;Cost </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">19,128</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">19,128</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Impairment</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assets related to Investments held for sale</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">204,611</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">204,611</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;Cost </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">209,002</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">209,002</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Impairment </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(3)</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(4,391)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(4,391)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total assets held for sale</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">32,710</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">85,725</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,762</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,487</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">223,739</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">345,423</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">In December 2017, the management launched the execution of a sale plan for the investments associated with Avefarma S.A.S, Glassfarma Tech S.A.S. and Panamerican Pharmaceutical Holding Inc., for this reason the investments are presented as "non-current assets held for sale". Management is still committed to a plan to sell the aforementioned investments.</div></div></div></td></tr><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">These assets corresponded to Arrendamiento Operativo CIB S.A.C. and FiduPer&#250; S.A. Sociedad Fiduciaria.</div></div></div></td></tr><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(3)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">In September 2018, FiduPer&#250; S.A. returned capital to its shareholders. At the end of the 2018 period, the Administration adjusted the book value of the asset based on the fair value of the company, recognizing an impairment in the Income Statement.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none;">&#160;</div><div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2017</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 30.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assets held for sale</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Colombia</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Panama</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">El Salvador</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Guatemala</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Others</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Segment</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 10.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td></tr><tr><td colspan="7" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Machinery and equipment </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">8,099</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,362</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">39</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">11,500</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;Cost </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,972</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,422</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">39</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,433</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;Impairment</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(873)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(60)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(933)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Real estate for residential purposes</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">8,346</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">12,257</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,586</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">665</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">23,854</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;Cost </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,431</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,859</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,645</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">885</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">24,820</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Impairment</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(85)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(602)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(59)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(220)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(966)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Real estate different from residential properties</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">295</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">952</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">155</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,402</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;Cost </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">295</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">952</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">178</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">24</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,449</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Impairment</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(23)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(24)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(47)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Investments held for sale</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">18,413</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">18,413</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;Cost </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">18,413</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">18,413</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Impairment</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assets related to Investments held for sale</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">157,318</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">157,318</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;Cost </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">157,318</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">157,318</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Impairment</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total assets held for sale</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">16,740</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">16,571</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,586</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">859</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">175,731</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">212,487</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 495232 28466 112 0 0 0 0 0 0 523810 0 523810 559139 0 0 4084 0 0 0 0 0 563223 0 563223 124900 492 36852 27099 22 9 2926 3416 2884 198600 -149 198451 2841302 312762 227114 141253 313908 20271 113970 20840 2988 3994408 -149 3994259 <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The breakdown of the major classes of assets and liabilities classified&#160;as held for sale is as follows:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 60.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assets</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Cash and cash equivalents</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,476</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">19,072</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Financial assets investment</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,486</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Premises and equipment, net</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">164,356</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">109,469</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Prepaid expenses</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">412</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">101</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Tax receivables</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,093</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,028</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Deferred tax</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,551</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,103</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Assets held for sale</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">721</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,691</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Other assets</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">22,393</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,368</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total assets </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">209,002</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; text-align: right;"><div style="font-weight:bold;display:inline;width:100%;"><div style="color:#0075c0;;display:inline;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">157,318</div></div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Liabilities</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Borrowings from other financial institutions</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">150,254</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">90,109</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Tax liabilities</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,054</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">611</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Deferred tax liabilities</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,832</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,908</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Other liabilities</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,456</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,348</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total liabilities</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; text-align: right;"><div style="color:#0075c0;;display:inline;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">163,596</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">102,976</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 457940000000 8099000000 3362000000 0 39000000 0 11500000000 8972000000 3422000000 0 39000000 0 12433000000 873000000 60000000 0 0 0 933000000 335101 177930 80672 38643 0 0 0 15821 0 648167 0 648167 1080814 80348 89330 51175 0 0 0 2876 0 1304543 0 1304543 0 2302 0 35 0 0 20593 0 0 22930 0 22930 41077 15699 4080 2210 0 0 0 404 0 63470 0 63470 0 4510 1335 713 285648 0 68180 36 -58 360364 0 360364 0 2702 0 0 0 28747 6778 0 843 39070 0 39070 427190 23847 0 0 0 0 0 0 85 451122 0 451122 531567 0 0 4369 0 0 0 0 0 535936 0 535936 115472 10415 35742 28877 0 0 1634 253 3119 195512 0 195512 2531221 317753 211159 126022 285648 28747 97185 19390 3989 3621114 0 3621114 329114 159015 75732 37831 0 0 0 12343 0 614035 4774 618809 803731 84152 87862 4771 0 0 0 4634 0 985150 188752 1173902 0 5195 0 45 0 0 23390 0 0 28630 0 28630 45664 18406 3485 2554 0 0 0 607 0 70716 0 70716 0 4011 1075 712 239610 0 49903 0 0 295311 0 295311 0 0 834 0 0 19843 3700 0 0 24377 0 24377 355523 20885 64 0 0 0 0 0 0 376472 0 376472 480611 0 0 6245 0 0 0 0 0 486856 0 486856 48375 189 34571 29579 0 0 3578 12679 1699 130670 94190 224860 2063018 291853 203623 81737 239610 19843 80571 30263 1699 3012217 287716 3299933 43012000000 8346000000 12257000000 2586000000 665000000 0 23854000000 8431000000 12859000000 2645000000 885000000 0 24820000000 85000000 602000000 59000000 220000000 0 966000000 0 0 0 0 18413000000 18413000000 0 0 0 0 18413000000 18413000000 0 0 0 0 0 0 0 0 0 0 157318000000 157318000000 0 0 0 0 157318000000 157318000000 0 0 0 0 0 0 16740000000 16571000000 2586000000 859000000 175731000000 212487000000 11975000000 9639000000 1069000000 295000000 952000000 0 155000000 0 1402000000 295000000 952000000 0 178000000 24000000 1449000000 0 0 0 23000000 24000000 47000000 54477000000 20297000000 30468000000 13105000000 11951000000 9317000000 950000000 1556000000 1638000000 <div style="border-bottom: solid #ffffff 1.0pt;border-left: none;border-right: none;border-top: none;"><div style="font-family: 'times new roman', 'serif';font-size: 16pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 16pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">NOTE 20. PROVISIONS AND CONTINGENT LIABILITIES</div></div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0%;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 36pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">20.1</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Provisions</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following tables show the detail of the provisions:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2018</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 37.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 11.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Judicial</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">proceedings</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Administrative</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">proceedings</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 10.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Financial</div></div><br/><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#8206;<div style="font-weight:bold;display:inline;">guarantees</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">loan</div></div><br/><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#8206;<div style="font-weight:bold;display:inline;">commitments</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 9.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Onerous</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">contracts</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td></tr><tr><td colspan="7" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Balance at December 31, 2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">30,412</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,592</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">52,290</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">99,500</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">183,794</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Effect of adoption of IFRS 9</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(3,215)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(8,574)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(11,789)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Balance at January 1, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">30,412</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,592</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">49,075</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">90,926</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">172,005</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Additions recognized in the year</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">22,281</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,272</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,708</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">21,922</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,759</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">61,942</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Provisions used during the period</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(6,489)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(5)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(6,494)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Provisions reversed during the period</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(10,177)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(8,395)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(33,686)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(13,713)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(65,971)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Foreign currency translation adjustment</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">606</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,424</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">274</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,312</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Effect of discounted cash flows</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">239</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">239</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Final balance at December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">36,872</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">469</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">23,100</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">104,559</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,033</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">168,033</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">The provisions for financial guarantees and loan commitments as of December 31, 2018 were estimated according to the expected credit losses methodology required by IFRS 9, on the other hand, the estimations for the year ended as of December 31, 2017 were computed under IAS 39, therefore both amounts are not comparable. For further information see Note 32 Impacts on application of new standards.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2017</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 43.0%;"><div style="font-family: calibri; font-size: 10pt; text-align: center; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: calibri; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 11.0%;"><div style="font-family: calibri; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Judicial</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">proceedings</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: calibri; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Administrative</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">proceedings</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: calibri; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Financial</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">guarantees</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 10.0%;"><div style="font-family: calibri; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">loan</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">commitments</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 10.0%;"><div style="font-family: calibri; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td></tr><tr><td colspan="6" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Balance at January 1, 2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">29,135</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,312</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">77,366</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">100,748</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">208,561</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: calibri; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Additions recognized in the year</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">23,396</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">302</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">55,539</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">27,198</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">106,435</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: calibri; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Provisions used during the period</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(10,623)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(10,623)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: calibri; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Provisions reversed during the period</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(11,504)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(80,615)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(28,127)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(120,246)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: calibri; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Foreign currency translation adjustment</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(90)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(319)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(409)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: calibri; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Effect of discounted cash flows</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">98</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(22)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">76</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Balance at December 31, 2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">30,412</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,592</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">52,290</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">99,500</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">183,794</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: calibri; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: calibri; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following explains the significant changes in the provisions of financial guarantees and loan commitments during period at December 31, 2018 which were estimated using the expected credit loss model required by IFRS 9 (2014):</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 44.0%;"><div style="font-family: calibri; font-size: 10pt; text-align: center; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: calibri; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: calibri; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Stage 1</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: calibri; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Stage 2</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: calibri; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Stage 3</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 20.0%;"><div style="font-family: calibri; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">TOTAL</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Balance at January 1, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">125,189</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">14,502</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">310</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">140,001</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net remeasurement of loss allowance</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(24,851)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,239</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">17,602</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(4,010)</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 18.0pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Transfer 12-month ECL</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(16,727)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(20,644)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(3,528)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(40,899)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 18.0pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Transfer Lifetime ECL not credit-impaired</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(5,216)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">33,702</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(7,769)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">20,717</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 18.0pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Transfer Lifetime ECL credit-impaired</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,908)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(9,819)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">28,899</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">16,172</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: calibri; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Provisions used during the period</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">28,360</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">988</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,741</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">36,089</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: calibri; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Provisions reversed during the period</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(20,459)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(4,757)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(24,637)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(49,853)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Translation adjustment</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,515</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">918</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,432</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Balance at December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">112,754</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">14,890</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">15</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">127,659</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Judicial proceedings</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The judicial provisions refer to pending legal proceedings on employment matters, ordinary lawsuits, class actions suits, civil actions within criminal prosecutions and executive proceedings against the Bank. In the opinion of management, after receiving pertinent legal advice, the payments that will be made by these processes will not generate significant losses in addition to the provisions recognized as of December 31, 2018 and 2017, the Bank does not expect to obtain any kind of reimbursement from judicial proceedings raised against it and, therefore, has not recognized any assets for that purpose.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Administrative proceedings</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">During 2018 equity tax provisions for the year 2011 were reversed. Administrative proceedings provisions as of December 31, 2018 refers to success fees on the processes in tax litigation conducted by legal advisors.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Financial guarantees</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">In order to meet the needs of its customers, the Bank issues financial standby letters of credit and bank guarantees. These are commitments issued by the Bank to guarantee the performance of a customer to a third party and are mainly issued to guarantee agreements established between parties from the energy sector, private sector and public procurement contracts. The Bank expects most of those guarantees provided to expire before they are used.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The events or circumstances that would require the Bank to perform under a guarantee are determined by the type of guarantee:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Guarantees for the energy sector</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank shall be responsible before the guarantee&#8217;s beneficiary in the following situations:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 0.3pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#8226;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Breach of the contract signed by the guaranteed entity.</div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 0.3pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#8226;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Lack of energy supply due to a low availability from the generating company (the guaranteed entity).</div></div></td></tr></table><div style="clear: both; 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font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Commitment issued by the Bank to guarantee the performance of a customer from the private sector</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The amount guaranteed should be reimbursed to the beneficiary of the guarantee in case of breach of agreed covenants by the customer guaranteed or upon its financial insolvency.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2018</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 60.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Maturity</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 40.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Financial Guarantees</div></div></div></td></tr><tr><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Guarantees under 1 month </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">303,308</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Guarantees greater than 1&#160;month and up to 3&#160;months </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">780,103</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Guarantees greater than 3&#160;months and up to 1&#160;year </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,287,434</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Guarantees greater than 1&#160;year and up to 3&#160;years </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,426,992</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Guarantees greater than 3&#160;year and up to 5&#160;years </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">277,710</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Guarantees greater than 5&#160;years </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">177,828</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5,253,375</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2017</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 60.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Maturity</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 40.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Financial Guarantees</div></div></div></td></tr><tr><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Guarantees under 1 month </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">960,268</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; 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font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">In order to meet the needs of its customers, the Bank issues loan commitments, letters of credit and bank guarantees. 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font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">This constitutional public interest action (&#8220;Acci&#243;n Popular&#8221;) was filed by the plaintiff arguing that the restructuring of the Departamento del Valle&#8217;s financial obligations and the performance plan executed, allegedly violates the collective rights of the public administration&#8217;s morality and of the public funds of the Departamento del Valle.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">This action was on hold due to its merger with the constitutional public interest action filed by Carlos Aponte against various financial institutions. 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The object of such agreement was the financing of the project, optimization, design and construction of the wastewater treatment plant PTAR Ch&#237;a I Delicias Sur; as of December 31, 2018, the agreement was in the stage of advances (with payment of interest on the disbursements made to the supplier), which refers to the contractual stage in which they are delivered resources for the execution of the project in advance of the final payment. The current Mayor of the Municipality of Ch&#237;a has conveyed anomalies he has found in the execution of the aforementioned project and, as a consequence of the aforementioned anomalies detected, the Contralor&#237;a de Cundinamarca initiated a fiscal responsibility lawsuit for an alleged patrimonial detriment in public funds of the amount of USD 5,846 against GEHS Global Environment and Health Solutions of Colombia (provider), Guillermo Varela Romero, Rafael Antonio Ballesteros G&#243;mez, Luis Alejandro Prieto Gonz&#225;lez and Bancolombia S.A.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">As of December 31, 2018, the fiscal responsibility lawsuit is in the evidentiary stage and has a provision of USD 1,126.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">DIAN</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(91, 155, 213); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The authority on taxes of Colombia Direcci&#243;n de Impuestos y Aduanas (DIAN) imposed a sanction to Bancolombia for the amount of USD 6,101, for the alleged breach of the tax collection agreement, originated in recording errors, extemporaneity and delivery of documents. Bancolombia filed an appeal for a reconsideration of the sanction resolution. 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Our external counsel has labeled this contingency as remote.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">BANCO AGR&#205;COLA</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The authority on taxes of El Salvador, in accordance with the resolution of October 2018, determined that Banco Agr&#237;cola failed to pay and declare income taxes related to fiscal year 2014 for a total of USD 11,116 and the corresponding sanction.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank filed an appeal. 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The external counsel has labeled this contingency as remote.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">BANCO AGROMERCANTIL</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Superintendencia de Administraci&#243;n Tributaria</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;">The Superintendence of Tax Administration of Guatemala (STA) contested the income tax return corresponding to the year 2014 and demanded an adjustment from the Bank&#160;valued in&#160;<div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">USD 6,752. </div>The Bank disagrees with the STA&#180;s adjustment and initiated a judicial proceeding against the STA asking the court to declare the illegality of the adjustment. 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The action is based on the fact that North Shore Development Company, S.A., when giving the assets in payment, was left without enough equity to respond for an obligation in the plaintiff&#180;s favor for US 21,175. The claim was defended in August 2018. The external counsel has labeled this contingency as remote.</div></div> <table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 19072000000 2486000000 109469000000 101000000 8028000000 1103000000 4691000000 12368000000 157318000000 90109000000 611000000 4908000000 7348000000 102976000000 <div style="border-bottom: solid #ffffff 1.0pt;border-left: none;border-right: none;border-top: none;"><div style="font-family: 'times new roman', 'serif';font-size: 16pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 16pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">NOTE 14. DEPOSITS FROM CUSTOMERS</div></div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The detail of the deposits as of December 31, 2018 and 2017 is as follows:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 60.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Deposits</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Saving accounts </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">59,635,379</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">54,255,583</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Time deposits</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">56,853,141</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">53,961,586</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Checking accounts</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">24,098,073</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">22,065,647</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Other deposits</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,541,878</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,676,399</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">142,128,471</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">131,959,215</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table details the time deposits (&#8216;CDT&#8217;) issued by the Bank:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">CDT</div></div></div></td><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Effective interest rate</div></div></div></td><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 46.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Modality</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Minimum</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Maximum</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Carrying Value</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair value</div></div></div></td></tr><tr><td colspan="5" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Less than 6 months</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.10%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6.75%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9,549,206</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9,554,429</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Equal to 6 months and less than 12 months</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.25%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.50%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,572,051</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,577,962</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Equal to 12 months and less than 18 months</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.25%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.25%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,323,840</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,368,860</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Equal to or greater than 18 months</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.01%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">13.50%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">34,408,044</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">35,084,415</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;56,853,141 </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">57,585,666 </div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">CDT</div></div></div></td><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Effective interest rate</div></div></div></td><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 46.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Modality</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Minimum</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Maximum</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Carrying Value</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair value</div></div></div></td></tr><tr><td colspan="5" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Less than 6 months</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.10%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6.96%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,536,280</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,535,719</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Equal to 6 months and less than 12 months</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.20%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.03%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,711,157</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,718,827</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Equal to 12 months and less than 18 months</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.20%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9.03%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,062,290</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,146,366</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Equal to or greater than 18 months</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.01%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">18.29%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">32,651,859</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">33,381,189</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">53,961,586</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">54,782,101</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The detail of CDT&#8217;s issued by the Bank by maturity is as follows:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 40.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Period</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 30.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Carrying value</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 30.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair value</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Less than one year </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;37,911,658 </div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;38,216,970 </div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">1 to 3 years </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;12,753,264 </div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;12,965,241 </div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">3 to 5 years </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;4,559,122 </div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;4,663,087 </div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">More than 5 years </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;1,629,097 </div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;1,740,368 </div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;56,853,141 </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;57,585,666 </div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 40.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Period</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 30.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Carrying value</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 30.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair value</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Less than one year </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">36,416,439</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">36,701,555</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">1 to 3 years </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,525,956</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,727,828</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">3 to 5 years </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,367,765</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,592,750</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">More than 5 years </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,651,426</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,759,968</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">53,961,586</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">54,782,101</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following tables show the detail of the provisions:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2018</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 37.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 11.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Judicial</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">proceedings</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Administrative</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">proceedings</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 10.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Financial</div></div><br/><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#8206;<div style="font-weight:bold;display:inline;">guarantees</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">loan</div></div><br/><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#8206;<div style="font-weight:bold;display:inline;">commitments</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 9.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Onerous</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">contracts</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td></tr><tr><td colspan="7" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Balance at December 31, 2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">30,412</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,592</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">52,290</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">99,500</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">183,794</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Effect of adoption of IFRS 9</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(3,215)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(8,574)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(11,789)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Balance at January 1, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">30,412</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,592</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">49,075</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">90,926</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">172,005</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Additions recognized in the year</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">22,281</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,272</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,708</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">21,922</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,759</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">61,942</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Provisions used during the period</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(6,489)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(5)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(6,494)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Provisions reversed during the period</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(10,177)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(8,395)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(33,686)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(13,713)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(65,971)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Foreign currency translation adjustment</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">606</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,424</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">274</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,312</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Effect of discounted cash flows</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">239</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">239</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Final balance at December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">36,872</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">469</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">23,100</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">104,559</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,033</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">168,033</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">The provisions for financial guarantees and loan commitments as of December 31, 2018 were estimated according to the expected credit losses methodology required by IFRS 9, on the other hand, the estimations for the year ended as of December 31, 2017 were computed under IAS 39, therefore both amounts are not comparable. For further information see Note 32 Impacts on application of new standards.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2017</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 43.0%;"><div style="font-family: calibri; font-size: 10pt; text-align: center; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: calibri; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 11.0%;"><div style="font-family: calibri; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Judicial</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">proceedings</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: calibri; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Administrative</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">proceedings</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: calibri; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Financial</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">guarantees</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 10.0%;"><div style="font-family: calibri; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">loan</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">commitments</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 10.0%;"><div style="font-family: calibri; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td></tr><tr><td colspan="6" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Balance at January 1, 2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">29,135</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,312</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">77,366</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">100,748</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">208,561</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: calibri; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Additions recognized in the year</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">23,396</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">302</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">55,539</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">27,198</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">106,435</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: calibri; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Provisions used during the period</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(10,623)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(10,623)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: calibri; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Provisions reversed during the period</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(11,504)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(80,615)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(28,127)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(120,246)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: calibri; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Foreign currency translation adjustment</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(90)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(319)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(409)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: calibri; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Effect of discounted cash flows</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">98</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(22)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">76</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Balance at December 31, 2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">30,412</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,592</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">52,290</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">99,500</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">183,794</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The amount guaranteed should be reimbursed to the beneficiary of the guarantee in case of breach of agreed covenants by the customer guaranteed or upon its financial insolvency.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2018</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 60.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Maturity</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 40.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Financial Guarantees</div></div></div></td></tr><tr><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Guarantees under 1 month </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">303,308</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Guarantees greater than 1&#160;month and up to 3&#160;months </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">780,103</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Guarantees greater than 3&#160;months and up to 1&#160;year </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,287,434</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Guarantees greater than 1&#160;year and up to 3&#160;years </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,426,992</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Guarantees greater than 3&#160;year and up to 5&#160;years </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">277,710</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Guarantees greater than 5&#160;years </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">177,828</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5,253,375</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2017</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 60.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Maturity</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 40.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Financial Guarantees</div></div></div></td></tr><tr><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Guarantees under 1 month </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">960,268</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Guarantees greater than 1&#160;month and up to 3&#160;months </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,230,687</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Guarantees greater than 3&#160;months and up to 1&#160;year </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,946,250</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Guarantees greater than 1&#160;year and up to 3&#160;years </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,224,061</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Guarantees greater than 3&#160;year and up to 5&#160;years </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">149,238</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Guarantees greater than 5&#160;years </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">191,139</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">6,701,643</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following explains the significant changes in the provisions of financial guarantees and loan commitments during period at December 31, 2018 which were estimated using the expected credit loss model required by IFRS 9 (2014):</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 44.0%;"><div style="font-family: calibri; font-size: 10pt; text-align: center; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: calibri; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: calibri; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Stage 1</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: calibri; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Stage 2</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: calibri; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Stage 3</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 20.0%;"><div style="font-family: calibri; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">TOTAL</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Balance at January 1, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">125,189</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">14,502</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">310</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">140,001</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net remeasurement of loss allowance</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(24,851)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,239</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">17,602</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(4,010)</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 18.0pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Transfer 12-month ECL</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(16,727)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(20,644)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(3,528)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(40,899)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 18.0pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Transfer Lifetime ECL not credit-impaired</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(5,216)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">33,702</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(7,769)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">20,717</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 18.0pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Transfer Lifetime ECL credit-impaired</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,908)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(9,819)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">28,899</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">16,172</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: calibri; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Provisions used during the period</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">28,360</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">988</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,741</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">36,089</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: calibri; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Provisions reversed during the period</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(20,459)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(4,757)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(24,637)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(49,853)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Translation adjustment</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,515</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">918</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,432</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: calibri; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Balance at December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">112,754</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">14,890</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">15</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: calibri; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">127,659</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 36416439000000 36701555000000 10525956000000 10727828000000 5367765000000 5592750000000 1651426000000 1759968000000 53961586000000 <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following contingencies listed below are contingencies reported as of December 31, 2017 that were concluded in the Bank&#8217;s favor as of December 31, 2018:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 69.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Case/Procedure</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 10.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Amount</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 21.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Termination/Decision </div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Miles of USD</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Revocatory Action claim by Interbolsa S.A. Comisionista de Bolsa vs. Bancolombia</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,308</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">In Bancolombia&#8217;s favor</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 37911658000000 38216970000000 12753264000000 12965241000000 4559122000000 4663087000000 1629097000000 1740368000000 0.04 0.12 <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The detail of the deposits as of December 31, 2018 and 2017 is as follows:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 60.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Deposits</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Saving accounts </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">59,635,379</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">54,255,583</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Time deposits</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">56,853,141</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">53,961,586</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Checking accounts</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">24,098,073</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">22,065,647</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Other deposits</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,541,878</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,676,399</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">142,128,471</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">131,959,215</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table details the time deposits (&#8216;CDT&#8217;) issued by the Bank:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">CDT</div></div></div></td><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Effective interest rate</div></div></div></td><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 46.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Modality</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Minimum</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Maximum</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Carrying Value</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair value</div></div></div></td></tr><tr><td colspan="5" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Less than 6 months</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.10%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6.75%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9,549,206</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9,554,429</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Equal to 6 months and less than 12 months</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.25%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.50%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,572,051</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,577,962</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Equal to 12 months and less than 18 months</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.25%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.25%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,323,840</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,368,860</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Equal to or greater than 18 months</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.01%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">13.50%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">34,408,044</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">35,084,415</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none;">&#160;</div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none;">&#160;</div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;56,853,141 </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">57,585,666 </div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">CDT</div></div></div></td><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Effective interest rate</div></div></div></td><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 46.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Modality</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Minimum</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Maximum</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Carrying Value</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair value</div></div></div></td></tr><tr><td colspan="5" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Less than 6 months</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.10%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6.96%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,536,280</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,535,719</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Equal to 6 months and less than 12 months</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.20%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.03%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,711,157</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,718,827</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Equal to 12 months and less than 18 months</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.20%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9.03%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,062,290</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,146,366</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Equal to or greater than 18 months</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.01%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">18.29%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">32,651,859</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">33,381,189</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none;">&#160;</div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none;">&#160;</div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">53,961,586</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">54,782,101</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The detail of CDT&#8217;s issued by the Bank by maturity is as follows:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 40.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Period</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 30.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Carrying value</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 30.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair value</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Less than one year </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;37,911,658 </div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;38,216,970 </div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">1 to 3 years </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;12,753,264 </div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;12,965,241 </div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">3 to 5 years </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;4,559,122 </div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;4,663,087 </div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">More than 5 years </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;1,629,097 </div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;1,740,368 </div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;56,853,141 </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;57,585,666 </div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 40.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Period</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 30.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Carrying value</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 30.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair value</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Less than one year </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">36,416,439</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">36,701,555</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">1 to 3 years </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,525,956</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,727,828</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">3 to 5 years </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,367,765</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,592,750</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">More than 5 years </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,651,426</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,759,968</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">53,961,586</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">54,782,101</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 57585666000000 54782101000000 27198000000 0 28127000000 -319000000 0 -8574000000 0 21922000000 2759000000 0 0 13713000000 0 5424000000 274000000 0 0 104559000000 3033000000 0 0 -3215000000 -11789000000 -24851000000 -16727000000 -5216000000 -2908000000 28360000000 20459000000 4515000000 125189000000 14502000000 310000000 3239000000 17602000000 -4010000000 -20644000000 -3528000000 -40899000000 33702000000 -7769000000 20717000000 -9819000000 28899000000 16172000000 988000000 6741000000 4757000000 24637000000 918000000 -1000000 112754000000 14890000000 15000000 Revocatory Action claim by Interbolsa S.A. Comisionista de Bolsa vs. Bancolombia 4308 In Bancolombia&#8217;s favor <div style="font-family: 'times new roman', 'serif';font-size: 16pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 16pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">NOTE 18. EMPLOYEE BENEFIT PLANS</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table shows liabilities relating to post-employment benefit plans:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 70.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Post-employment and long-term benefit plans</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31,</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31,</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP </div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Defined benefit pension plan </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">128,246</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">131,589</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Severance obligation</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">30,732</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">38,041</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Retirement Pension Premium Plan and Senior Management Pension Plan Premium</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">120,966</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">119,526</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Other long term benefits </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">439,321</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">408,245</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Post-employment and long-term benefit plans </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">719,265</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">697,401</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">These benefits include all types of payments that the Bank provides to its employees. The recognition of liabilities related to post-employment and long-term employee benefit plans is based on actuarial computations which involve judgments and assumptions made by management (with the assistance of actuaries) related to the future macroeconomic and employee demographic factors, among others, which will not necessarily coincide with the future outcome of such factors.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Short-term employment benefit plans recognized in the Statement of Financial Position in the line &#8220;Other liabilities&#8221; consist of the following:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 70.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Other employment benefit plans</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31,</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31,</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Current severance obligation<div style="vertical-align: super;font-size: smaller;display:inline;">(1)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">113,654</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; 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text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">351,697</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">336,285</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); 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font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">442,619</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-align: justify; text-indent: -0.13in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">See severance obligation</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="background: none; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="background: #ffffff;font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">As of December 31, 2016, the amount recognized through Profit and Losses, due to benefit employee plans' current service cost and interest cost, was COP 165,577; on the other hand, COP 14,482 was recognized through other comprehensive income as a result of the net actuarial gain or loss due to change in assumptions, demographic experience and foreign currency translation effect.</div></div><div style="background: none; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; 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font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Post-employment benefits</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Defined benefit pension plan</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Colombia</div></div></div><div style="background: none; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="background: #ffffff;font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Under Colombian law, employee pension obligations are managed as a defined contribution plan since 1990. The Bank&#8217;s legal retirement benefit obligation as of December 31, 2018 and 2017 relates to retired employees who rendered services to the Bank before the current regulations took effect. Under this unfunded plan, benefits are based on length of service and level of compensation. As of December 2018, 644 participants were covered by this plan, and as of December 2017, 671 participants.</div></div><div style="background: none; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="background: #ffffff;font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">For purposes of the projected assessment of the pension plan obligation, in the absence of a deep market of high quality corporate debt, the sovereign bond curve of the Colombian Government is used, with maturity similar to the residual life of the obligation of the projected benefit. The net cost of pensions is accounted for in the Consolidated Statement of Income as &#8220;Salaries and employee benefits&#8221;, and includes the interest costs and cost of current service.</div></div><div style="background: none; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 70.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Unfunded defined benefit pension plan of the Parent Company</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Present value of the obligation as of January 1</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">125,480</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">123,282</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Interest cost</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,547</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,117</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Benefits paid</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(11,795)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(11,553)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Net actuarial (gain) / loss due to changes in demographic assumptions</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,220)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,216</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Net actuarial (gain) / loss due to plan experience</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,371</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,418</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Defined obligation, unfunded as of December 31&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">122,383</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">125,480</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Panama</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The pension plan for Banistmo and its subsidiaries provides for defined benefits based on average salary paid during the most recent 120 months before retirement and years of service of certain employees entitled to receive the benefits. The pension benefit vests after 10 years of service. As of December 31, 2018 and 2017, there were 60 participants (30 participants with deferred benefits and 30 participants receiving benefits), and 62 participants (31 participants with deferred benefits and 31 participants receiving benefits), respectively:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 56.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Funded defined benefit pension plan of Banistmo</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 22.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 22.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Present value of the obligation as of January 1</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">6,109</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">6,649</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Interest cost</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">177</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">198</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Actuarial (gain)/loss &#8211; experience</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(536)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">68</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Actuarial (gain)/loss - financial assumptions</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">46</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">61</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Benefits paid from plan assets</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(405)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(825)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Foreign currency translation effect</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">472</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(42)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Defined obligation, unfunded as of December 31</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5,863</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">6,109</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Severance obligation</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Colombia</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="background: #ffffff;font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Under Colombian labor regulations, employees hired before 1990 are entitled to receive one month&#8217;s salary for each year of service. This benefit accumulates and is paid to the employees upon their termination or retirement from the Bank, calculated based on the employees&#8217; last salary base; however, employees may request advances against this benefit at any time. In 1990, the Colombian government revised its labor regulations for new employees to permit companies, subject to the approval of the employees, to transfer this severance obligation annually to private pension funds (this scheme of employee benefits is known as the current severance obligation). The Bank&#8217;s severance obligations relate to employees hired before 1990.</div></div><div style="background: none; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="background: #ffffff;font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">As of December 2018 and 2017, 453 and 572 participants respectively, were covered by this plan.</div></div><div style="background: none; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="background: #ffffff;font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The balances recognized in the Statement of Financial Position are listed below:</div></div><div style="background: none; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 56.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Defined benefit severance obligation plan</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 22.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 22.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP </div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Present value of the obligation as of January 1</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">38,041</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">51,289</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Current cost of service</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,598</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,562</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Interest cost</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,333</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,419</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Benefits paid</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(11,586)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(11,298)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Net actuarial loss/ (gain) due to assumption changes and plan experience</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">346</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(7,931)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Defined obligation, unfunded as of December 31</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">30,732</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">38,041</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Current severance regimen</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">113,654</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">106,334</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total severance</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">144,386</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">144,375</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Retirement Pension Premium Plan and Senior Management Pension Plan Premium</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Colombia</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Under Colombian labor regulations, employers and employees are entitled to negotiate compensation, other than the retirement benefit prescribed by law, by means of private agreements. The Bank&#8217;s employees participating in defined contribution plans are entitled to receive, on their retirement date, a one-time payment at the time based on the salary of the employee at their retirement date.</div></div><div style="background: none; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">On the other hand, the Bank has established a retirement benefit plan for its senior management executives. Under this plan, the executives are entitled to receive a one-time payment on their retirement date based on the number of years of service to the organization.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">El Salvador</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">By means of Decree 592 of 2013, under Salvadorian labor regulations, employees are entitled to receive 15 days of salary for each year of service. This benefit is payable upon retirement, resignation, unjustified dismissal, death and disability. As of December 31, 2018 and 2017, there were 2,837 and 2,940 participants respectively, covered by the plan.</div></div><div style="background: none; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Since 2018, Banagr&#237;cola S.A established a retirement benefit plan for its senior management executives. Under this plan, the executives are entitled to receive a one-time payment on their retirement date, death or disability based on the number of years of service to the organization. As of December 31, 2018 there was 1 participant covered by the plan.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Guatemala</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Grupo Agromercantil Holding has established a retirement pension plan for its employees. Under this plan, the employees are entitled to receive a lifetime payment of 50% of their monthly nominal wage, if they are 70 years old and have 30 years of service, or if they are 65 years old and have 40 years of service. On the other hand, the employees are entitled to receive a lifetime payment of 70% of their monthly nominal wage, if they are 70 years old and have 40 years of service, or they are 65 years old and have 45 years of service.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="background: #ffffff;font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Panama</div></div></div><div style="background: none; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Since 2018, Banistmo S.A established a retirement benefit plan for its senior management executives. Under this plan, the executives are entitled to receive a one-time payment on their retirement date, death or disability based on the number of years of service to the organization. As of December 31, 2018 there was 1 participant covered by the plan.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The annual change of the present value of the obligations of defined benefit plans is as follows:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 70.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Retirement Pension Premium Plan and Senior Management Pension Plan Premium</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP </div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Present value of the obligation as of January 1</div></div><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">119,526</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">105,158</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Current service cost</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,294</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,294</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Interest cost</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,391</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,881</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Benefits paid</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(6,590)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,224)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">First time application effect of IAS 19 to new defined benefit obligation </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">of Transportempo at December 31, 2017</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">237</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">First time application effect of IAS 19 to new defined benefit obligation </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">of Banistmo at December 31, 2018</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;2,479</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;-</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">First time application effect of IAS 19 to new defined benefit obligation</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">of Banagr&#237;cola at December 31, 2018</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(3)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;821</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;-</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Net actuarial (gain) / loss due to assumption changes and plan experience </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(4)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(11,272)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,195</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Foreign currency translation effect</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">317</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(15)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Defined obligation, unfunded as of December 31</div></div><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">120,966</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">119,526</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-align: justify; text-indent: -0.13in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Pursuant to a private agreement reached between Transportempo and its employees, the Bank&#8217;s subsidiary has decided to recognize a new employee benefit plan based on the employees&#8217; seniority and their current salary at the moment when the service is vested.</div></div></div></td></tr><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Banistmo S.A has decided to recognize a new employee benefit plan for its senior management executives based on the number of years of service to the organization.</div></div></div></td></tr><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(3)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Banagr&#237;cola S.A has decided to recognize a new employee benefit plan for its senior management executives based on the number of years of service to the organization.</div></div></div></td></tr><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(4)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">The increase in actuarial gains from experience adjustment is mainly due to a greater than expected reduction in the number of the Bank&#8217;s participants in the pension premium plan during the yaer ended as of December 31, 2018</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none;">&#160;</div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Other long term benefits</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">In addition to legal benefits and the aforementioned post-employment benefits, the Bank grants to its employees other benefits based on the employees&#8217; seniority. For the periods ended December 31, 2018 and December 31, 2017, the reconciliation of the other long term benefits is set below:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 70.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Other long term benefits</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Present value of the obligation as of January 1</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">408,245</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">364,424</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Current service cost</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">41,512</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">37,433</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Interest cost</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">26,152</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">26,329</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Benefits paid</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(45,104)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(38,671)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Unfunded benefit obligation assumed for Grupo Agromercantil at December 31, 2017 </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">340</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">First time application effect of IAS 19 to new defined benefit obligation </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">of Renting at December 31, 2017</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">614</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Loss due to assumption changes and plan experience</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,360</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">16,893</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Foreign currency translation effect</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,156</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">883</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Defined obligation, unfunded as of December 31</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">439,321</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">408,245</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="background: none; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-align: justify; text-indent: -0.13in;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Former employees have been incorporated again in the Company&#8217;s payroll due to the private agreement reached between Comamesa (a Guatemalan subsidiary of Grupo Agromercantil and Serviva (security supplier).</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Pursuant to a private agreement reached between Renting and its employees, the Bank&#8217;s subsidiary has decided to recognize a new employee benefit plan based on the employees&#8217; seniority and their current salary at the moment when the service is vested.</div></div></div></td></tr></table><div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.5in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Plan Assets</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Colombia</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">As of December 2018, the Bank established an asset plan to secure the benefits promised in the Senior Management Pension Plan Premium. The contributions made to the assets plan managed by the Fondo de Pensiones Protecci&#243;n S.A., will be invested 100% in the accumulation stage in the Balanced Growth portfolio, which will remain in the announced portfolio until 5 years before the pension age. (Currently, 57 years old for women and 62 years old for men). At that moment, 100% of the contributions will be transferred to the Conservative Balanced portfolio.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The plan assets&#8217; fair value as of December 31, 2018 is as follow:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 60.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Bancolombia's asset plan</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Retirement Pension Premium Plan</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">32,252 </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-&#160;</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">32,252 </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-&#160;</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 60.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair value of assets as of January 1, </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal; background: none;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-&#160;</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Employer contributions</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">32,252 </div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-&#160;</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair value assets at the end of the year</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">32,252 </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-&#160;</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banistmo</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank, through its subsidiary Banistmo, has established a plan with assets to secure benefits promised by Banistmo to the employees entitled to receive the Pension Plan under the terms described above and to comply with Panama labor code, which specify the terms for securing the payments to be made in the event of an employee&#8217;s termination (voluntary or involuntary) or upon retirement (termination indemnity plan).</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Banistmo&#8217;s pension and post-retirement plan assets consider investments in fixed-term deposits and cash and due from banks, in order to reduce the investment risk. The plan assets are managed by a trustee (third party). Likewise, the assets allocation is periodically reviewed by Banistmo and, when necessary, adjusted according to the investment strategy. The plan's investment assets are measured at fair value using significant, unobservable market data and, therefore, are classified as Level&#160;3.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The expected return on assets assumption represents the long term rate of return based on analysis of historical returns, historical asset class volatilities and the fund&#8217;s past experience.</div></div><div style="background: none; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The components of the periodic net cost of the plans previously mentioned and the total of charges (credits) recognized in the Consolidated Statement of Income are as follows:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 60.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banistmo asset plan</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Employee pension plan</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,884</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,765</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">4,884</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">4,765</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table details the change in plan assets:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 60.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair value of assets as of January 1</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">4,765</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5,565</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Interest income on plan assets </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">161</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">123</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Return on plan assets greater/(less) than discount rate</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(33)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(58)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Benefits paid</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(405)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(825)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Foreign currency translation effect</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">396</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(40)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair value assets as of December 31&#160;</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">4,884</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">4,765</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Defined contribution plans</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The expense recognized in the line &#8220;Salaries and employee benefits&#8221; of the Consolidated Statement of Income for defined contribution plans, for current severance regimen and pension benefits, is as follows:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Defined contribution plans</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td></tr><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 40.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Pension</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">182,991</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">171,713</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Current severance regimen</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">57,130</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">54,510</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">240,121</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">226,223</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The economic assumptions used in the determination of the present value of the defined benefit plans, in nominal terms, are as follows:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Colombia</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 60.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Main projected assumptions</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Discount rate&#160;</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6.90%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6.60%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Rate of wage increase</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.70%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Projected inflation</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.40%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.00%</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Bancolombia Panama</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 60.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Main projected assumptions</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Discount rate&#160;</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.00%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.00%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Rate of wage increase</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.00%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Projected inflation</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.00%</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banistmo</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 60.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Main projected assumptions</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Discount rate&#160;</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.00%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.00%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Expected long-term rate of return on plan assets </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.30%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.10%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Rate of wage increase</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.00%</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">El Salvador</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 60.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Main projected assumptions</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Discount rate&#160;</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.10%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.60%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Rate of wage increase</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.50%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.50%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Projected inflation</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.50%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.50%</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Guatemala</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 60.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Main projected assumptions</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Discount rate&#160;</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.20%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.20%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Rate of wage increase</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.00%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Projected inflation</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.00%</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="background: #ffffff;font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">In 2018, the assumption of mortality used in the preparation of the assessment of the estimated liabilities is based on tables RP-2000, CSO-80 and RV-08, which reflect average ages of mortality from 32-75&#160;years. The rate used to discount the obligation of the defined benefit plan to reflect the duration of the labor liabilities as of December 2018 corresponds to the yield of sovereign bonds of each country where the plan is established, either Colombia, Panama, Guatemala and El Salvador, as applicable, since the market transactions of these countries involving&#160;corporate bonds of high quality have no high levels of activity. 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Currently, the plan includes investment in financial instruments that are not vulnerable to market risks</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 0;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Interest rate risks</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 0;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">A reduction of the bond interest rates will increase the obligation of the plan</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 0;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Longevity risk</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 0;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The present value of the obligation of the defined benefit plan is calculated with reference to the highest estimate of the mortality of participants during their time of employment. An increase in the life expectancy of the participants will increase the plan obligation</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 0;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Salary risk</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 0;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The present value of the obligation of the benefit plan is calculated with reference to the future salaries of the participants. As such, an increase in the participants' wages will increase the obligation of the plan</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Estimated payment of future benefits</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The payments of benefits, which reflect future service rendered, are considered to be paid as follows:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 45%;;margin-left :auto;margin-right :auto;"><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 30.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Years</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 35.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Pension Benefits</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 35.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Other benefits</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP </div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,741</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">58,498</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,820</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">52,205</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2021</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,819</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60,941</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2022</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,723</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">67,609</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2023</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,556</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">65,015</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2024 to 2028</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">58,018</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">319,002</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 1.38in; margin-top: 0px; text-align: justify; text-indent: 0.1in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-left: 0.25in; text-align: justify; text-indent: -0.25in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Sensitivity analysis</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; text-indent: -0.25in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="background: #ffffff;font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Defined Benefit Obligations (DBO) was calculated using the Projected Unit Credit method. Obligations and expenses will change in the future as a result of future changes in the methods of projection and assumption, participant information, plan provisions and regulations, or as resulting from future gains and losses.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; text-indent: -0.15in; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-left: 0.06in; text-align: justify; text-indent: -0.06in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Pension plan Bancolombia</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; text-indent: 0.06in; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 80%;;margin-left :auto;margin-right :auto;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 35.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; text-indent: 0.06in; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assumption</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 25.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; text-indent: 0.06in; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Value</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 25.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; text-indent: 0.06in; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(Increase/Decrease)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; text-indent: 0.06in; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Effect on</div></div><br/><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">DBO</div></div></div></td></tr><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; text-indent: 0.06in; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-indent: 0.06in; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Discount rate</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.40%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.50% increase</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(4,342)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-indent: 0.06in; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Discount rate</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6.40%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.50% decrease</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,649</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-indent: 0.06in; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Salary increases</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.00%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.50% increase</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,065</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-indent: 0.06in; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Salary increases</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.00%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.50% decrease</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(4,763)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-indent: 0.06in; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Mortality Table</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">RV-08 ("Rentistas Validos")</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">One year increase in life expectancy</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,966</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Retirement Pension Premium Plan</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; text-indent: 0.06in; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 50%;;margin-left :auto;margin-right :auto;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 50.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; text-indent: 0.06in; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assumption</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; text-indent: 0.06in; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Value</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; text-indent: 0.06in; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(Increase/Decrease)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; text-indent: 0.06in; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Effect on DBO</div></div></div></td></tr><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; text-indent: 0.06in; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-indent: 0.06in; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Discount rate</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.40%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.50% increase</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; text-indent: 0.5in; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(4,815)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-indent: 0.06in; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Discount rate</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6.40%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.50% decrease</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; text-indent: 0.5in; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,318</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-indent: 0.06in; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Salary increases</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6.50%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.50% increase</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; text-indent: 0.5in; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,370</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-indent: 0.06in; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Salary increases</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.50%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.50% decrease</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; text-indent: 0.5in; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(4,922)</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-indent: -0.25in; background: none;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-left: 0.25in; text-indent: -0.25in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Severance obligation</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; text-indent: -0.25in; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 50%;;margin-left :auto;margin-right :auto;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 50.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assumption</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Value</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(Increase/Decrease)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Effect on DBO</div></div></div></td></tr><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Discount rate</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.40%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.50% increase</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(755)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Discount rate</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6.40%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.50% decrease</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">787</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Salary increases</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6.50%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.50% increase</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,785</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Salary increases</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.50%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.50% decrease</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,734)</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; text-indent: -0.25in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-left: 0.25in; text-align: justify; text-indent: -0.25in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Senior Management Pension Plan Premium Bancolombia</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; text-indent: -0.25in; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 50%;;margin-left :auto;margin-right :auto;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 50.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assumption</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Value</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(Increase/Decrease)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Effect on DBO</div></div></div></td></tr><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Discount rate</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.40%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.50% increase</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(913)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Discount rate</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6.40%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.50% decrease</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">959</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Salary increases</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6.50%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.50% increase</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">956</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Salary increases</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.50%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.50% decrease</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(919)</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; text-indent: -0.25in; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-left: 0.25in; text-align: justify; text-indent: -0.25in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Senior Management Pension Plan Premium Banagricola</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; text-indent: -0.25in; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 50%;;margin-left :auto;margin-right :auto;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 50.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assumption</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Value</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(Increase/Decrease)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Effect on DBO</div></div></div></td></tr><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Discount rate</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.60%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.50% increase</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(26)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Discount rate</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.60%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.50% decrease</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">27 </div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Salary increases</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.00%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.50% increase</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">27 </div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Salary increases</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.50% decrease</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(26)</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; text-indent: -0.25in; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-left: 0.25in; text-align: justify; text-indent: -0.25in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Senior Management Pension Plan Premium Banistmo</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; text-indent: -0.25in; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 50%;;margin-left :auto;margin-right :auto;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 50.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assumption</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Value</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(Increase/Decrease)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Effect on DBO</div></div></div></td></tr><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Discount rate</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.50%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.50% increase</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(90)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Discount rate</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.50%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.50% decrease</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">95 </div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Salary increases</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.50%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.50% increase</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">94 </div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Salary increases</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.50%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.50% decrease</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(91)</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-left: 0.25in; text-align: justify; text-indent: -0.25in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Pension Plan Banistmo</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; text-indent: -0.25in; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 50%;;margin-left :auto;margin-right :auto;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 50.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assumption</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Value</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(Increase/Decrease)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Effect on DBO</div></div></div></td></tr><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Discount rate</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.50%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.50% increase</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(261)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Discount rate</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.50%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.50% decrease</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">283</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Mortality Table</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">RP-2000</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">One year increase in life expectancy</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">182</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Other long term benefits</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Colombia</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; text-indent: -0.25in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 50%;;margin-left :auto;margin-right :auto;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 18.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assumption</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 30.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Value</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 39.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(Increase/Decrease)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Effect on DBO</div></div></div></td></tr><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Discount rate</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.40%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.50% increase</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(11,938)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Discount rate</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6.40%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.50% decrease</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,762</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Salary increases</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6.50%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.50% increase</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,800</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Salary increases</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.50%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.50% decrease</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(12,084)</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; text-indent: -0.25in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">El Salvador</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 50%;;margin-left :auto;margin-right :auto;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 18.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assumption</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 30.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Value</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 39.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(Increase/Decrease)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Effect on DBO</div></div></div></td></tr><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Discount rate</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.60%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.50% increase</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(656)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Discount rate</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.60%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.50% decrease</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">712</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Salary increases</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.00%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.50% increase</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">112</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Salary increases</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.50% decrease</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(145)</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Guatemala</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; text-indent: -0.25in; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 50%;;margin-left :auto;margin-right :auto;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 18.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assumption</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 30.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Value</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 39.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(Increase/Decrease)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Effect on DBO</div></div></div></td></tr><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Discount rate</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.70%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.50% increase</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(24,380)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Discount rate</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.70%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.50% decrease</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">29,625</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Salary increases</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.50%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.50% increase</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">28,711</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Salary increases</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.50%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.50% decrease</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(25,119)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Mortality Table</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">RP-2000</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">One year increase in</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">life expectancy</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">27,661</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div> 21175 <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table shows liabilities relating to post-employment benefit plans:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 70.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Post-employment and long-term benefit plans</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31,</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31,</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP </div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Defined benefit pension plan </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">128,246</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">131,589</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Severance obligation</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">30,732</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">38,041</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Retirement Pension Premium Plan and Senior Management Pension Plan Premium</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">120,966</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">119,526</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Other long term benefits </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">439,321</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">408,245</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Post-employment and long-term benefit plans </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">719,265</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">697,401</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 6752 11116 1126 6101 <div style="background: none; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 70.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Unfunded defined benefit pension plan of the Parent Company</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Present value of the obligation as of January 1</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">125,480</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">123,282</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Interest cost</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,547</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,117</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Benefits paid</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(11,795)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(11,553)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Net actuarial (gain) / loss due to changes in demographic assumptions</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,220)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,216</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Net actuarial (gain) / loss due to plan experience</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,371</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,418</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Defined obligation, unfunded as of December 31&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">122,383</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">125,480</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 56.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Funded defined benefit pension plan of Banistmo</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 22.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 22.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Present value of the obligation as of January 1</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">6,109</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">6,649</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Interest cost</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">177</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">198</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Actuarial (gain)/loss &#8211; experience</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(536)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">68</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Actuarial (gain)/loss - financial assumptions</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">46</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">61</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Benefits paid from plan assets</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(405)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(825)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Foreign currency translation effect</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">472</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(42)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Defined obligation, unfunded as of December 31</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5,863</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">6,109</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div> 1127 <div style="background: #ffffff;font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The balances recognized in the Statement of Financial Position are listed below:</div></div><div style="background: none; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 56.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Defined benefit severance obligation plan</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 22.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 22.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP </div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Present value of the obligation as of January 1</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">38,041</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">51,289</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Current cost of service</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,598</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,562</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Interest cost</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,333</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,419</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Benefits paid</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(11,586)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(11,298)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Net actuarial loss/ (gain) due to assumption changes and plan experience</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">346</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(7,931)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Defined obligation, unfunded as of December 31</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">30,732</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">38,041</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Current severance regimen</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">113,654</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">106,334</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total severance</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">144,386</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">144,375</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 5846 <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The annual change of the present value of the obligations of defined benefit plans is as follows:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 70.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Retirement Pension Premium Plan and Senior Management Pension Plan Premium</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP </div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Present value of the obligation as of January 1</div></div><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">119,526</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">105,158</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Current service cost</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,294</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,294</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Interest cost</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,391</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,881</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Benefits paid</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(6,590)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,224)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">First time application effect of IAS 19 to new defined benefit obligation </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">of Transportempo at December 31, 2017</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">237</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">First time application effect of IAS 19 to new defined benefit obligation </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">of Banistmo at December 31, 2018</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;2,479</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;-</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">First time application effect of IAS 19 to new defined benefit obligation</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">of Banagr&#237;cola at December 31, 2018</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(3)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;821</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;-</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Net actuarial (gain) / loss due to assumption changes and plan experience </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(4)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(11,272)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,195</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Foreign currency translation effect</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">317</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(15)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Defined obligation, unfunded as of December 31</div></div><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">120,966</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">119,526</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-align: justify; text-indent: -0.13in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Pursuant to a private agreement reached between Transportempo and its employees, the Bank&#8217;s subsidiary has decided to recognize a new employee benefit plan based on the employees&#8217; seniority and their current salary at the moment when the service is vested.</div></div></div></td></tr><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Banistmo S.A has decided to recognize a new employee benefit plan for its senior management executives based on the number of years of service to the organization.</div></div></div></td></tr><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(3)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Banagr&#237;cola S.A has decided to recognize a new employee benefit plan for its senior management executives based on the number of years of service to the organization.</div></div></div></td></tr><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(4)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">The increase in actuarial gains from experience adjustment is mainly due to a greater than expected reduction in the number of the Bank&#8217;s participants in the pension premium plan during the yaer ended as of December 31, 2018</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 6454 299 <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">In addition to legal benefits and the aforementioned post-employment benefits, the Bank grants to its employees other benefits based on the employees&#8217; seniority. For the periods ended December 31, 2018 and December 31, 2017, the reconciliation of the other long term benefits is set below:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 70.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Other long term benefits</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Present value of the obligation as of January 1</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">408,245</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">364,424</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Current service cost</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">41,512</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">37,433</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Interest cost</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">26,152</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">26,329</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Benefits paid</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(45,104)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(38,671)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Unfunded benefit obligation assumed for Grupo Agromercantil at December 31, 2017 </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">340</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">First time application effect of IAS 19 to new defined benefit obligation </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">of Renting at December 31, 2017</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">614</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Loss due to assumption changes and plan experience</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,360</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">16,893</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Foreign currency translation effect</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,156</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">883</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Defined obligation, unfunded as of December 31</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">439,321</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">408,245</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="background: none; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-align: justify; text-indent: -0.13in;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Former employees have been incorporated again in the Company&#8217;s payroll due to the private agreement reached between Comamesa (a Guatemalan subsidiary of Grupo Agromercantil and Serviva (security supplier).</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Pursuant to a private agreement reached between Renting and its employees, the Bank&#8217;s subsidiary has decided to recognize a new employee benefit plan based on the employees&#8217; seniority and their current salary at the moment when the service is vested.</div></div></div></td></tr></table><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 287 <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The plan assets&#8217; fair value as of December 31, 2018 is as follow:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 60.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Bancolombia's asset plan</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Retirement Pension Premium Plan</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">32,252 </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-&#160;</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">32,252 </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-&#160;</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 60.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair value of assets as of January 1, </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal; background: none;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-&#160;</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Employer contributions</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">32,252 </div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-&#160;</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair value assets at the end of the year</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">32,252 </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-&#160;</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The components of the periodic net cost of the plans previously mentioned and the total of charges (credits) recognized in the Consolidated Statement of Income are as follows:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 60.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banistmo asset plan</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Employee pension plan</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,884</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,765</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">4,884</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">4,765</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table details the change in plan assets:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 60.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair value of assets as of January 1</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">4,765</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5,565</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Interest income on plan assets </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">161</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">123</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Return on plan assets greater/(less) than discount rate</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(33)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(58)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Benefits paid</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(405)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(825)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Foreign currency translation effect</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">396</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(40)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair value assets as of December 31&#160;</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">4,884</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">4,765</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The expense recognized in the line &#8220;Salaries and employee benefits&#8221; of the Consolidated Statement of Income for defined contribution plans, for current severance regimen and pension benefits, is as follows:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Defined contribution plans</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td></tr><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 40.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Pension</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">182,991</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">171,713</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Current severance regimen</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">57,130</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">54,510</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">240,121</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">226,223</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The economic assumptions used in the determination of the present value of the defined benefit plans, in nominal terms, are as follows:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Colombia</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 60.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Main projected assumptions</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Discount rate&#160;</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6.90%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6.60%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Rate of wage increase</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.70%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Projected inflation</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.40%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.00%</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Bancolombia Panama</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 60.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Main projected assumptions</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Discount rate&#160;</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.00%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.00%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Rate of wage increase</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.00%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Projected inflation</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.00%</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banistmo</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 60.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Main projected assumptions</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Discount rate&#160;</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.00%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.00%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Expected long-term rate of return on plan assets </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.30%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.10%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Rate of wage increase</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.00%</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">El Salvador</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 60.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Main projected assumptions</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Discount rate&#160;</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.10%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.60%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Rate of wage increase</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.50%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.50%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Projected inflation</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.50%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.50%</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Guatemala</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 60.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Main projected assumptions</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Discount rate&#160;</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.20%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.20%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Rate of wage increase</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.00%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Projected inflation</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.00%</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The payments of benefits, which reflect future service rendered, are considered to be paid as follows:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 45%;;margin-left :auto;margin-right :auto;"><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 30.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Years</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 35.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Pension Benefits</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 35.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Other benefits</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP </div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,741</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">58,498</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,820</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">52,205</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2021</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,819</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60,941</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2022</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,723</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">67,609</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2023</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,556</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">65,015</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2024 to 2028</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">58,018</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">319,002</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-left: 0.06in; text-align: justify; text-indent: -0.06in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Pension plan Bancolombia</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; text-indent: 0.06in; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 80%;;margin-left :auto;margin-right :auto;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 35.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; text-indent: 0.06in; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assumption</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 25.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; text-indent: 0.06in; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Value</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 25.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; text-indent: 0.06in; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(Increase/Decrease)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; text-indent: 0.06in; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Effect on</div></div><br/><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">DBO</div></div></div></td></tr><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; text-indent: 0.06in; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-indent: 0.06in; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Discount rate</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.40%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.50% increase</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(4,342)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-indent: 0.06in; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Discount rate</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6.40%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.50% decrease</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,649</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-indent: 0.06in; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Salary increases</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.00%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.50% increase</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,065</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-indent: 0.06in; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Salary increases</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.00%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.50% decrease</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(4,763)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-indent: 0.06in; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Mortality Table</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">RV-08 ("Rentistas Validos")</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">One year increase in life expectancy</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,966</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Retirement Pension Premium Plan</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; text-indent: 0.06in; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 50%;;margin-left :auto;margin-right :auto;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 50.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; text-indent: 0.06in; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assumption</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; text-indent: 0.06in; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Value</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; text-indent: 0.06in; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(Increase/Decrease)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; text-indent: 0.06in; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Effect on DBO</div></div></div></td></tr><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; text-indent: 0.06in; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-indent: 0.06in; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Discount rate</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.40%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.50% increase</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; text-indent: 0.5in; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(4,815)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-indent: 0.06in; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Discount rate</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6.40%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.50% decrease</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; text-indent: 0.5in; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,318</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-indent: 0.06in; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Salary increases</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6.50%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.50% increase</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; text-indent: 0.5in; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,370</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-indent: 0.06in; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Salary increases</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.50%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.50% decrease</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; text-indent: 0.5in; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(4,922)</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-left: 0.25in; text-indent: -0.25in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Severance obligation</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; text-indent: -0.25in; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 50%;;margin-left :auto;margin-right :auto;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 50.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assumption</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Value</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(Increase/Decrease)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Effect on DBO</div></div></div></td></tr><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Discount rate</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.40%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.50% increase</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(755)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Discount rate</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6.40%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.50% decrease</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">787</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Salary increases</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6.50%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.50% increase</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,785</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Salary increases</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.50%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.50% decrease</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,734)</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="border-bottom: solid #ffffff 1.0pt;border-left: none;border-right: none;border-top: none;margin-left: 0;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 16pt; margin-left: 0.3in; text-align: justify; text-indent: -0.3in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 16pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">NOTE 29. FAIR VALUE OF ASSETS AND LIABILITIES</div></div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table presents the carrying amount and the fair value of the assets and liabilities as of December 31, 2018 and 2017:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td rowspan="2" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: center; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Carrying amount</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Value</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Carrying amount</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Value</div></div></div></td></tr><tr><td colspan="5" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 47.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assets</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Debt instruments at fair value through profit or loss</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,909,861</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,909,861</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,701,855</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,701,855</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Debt instruments at fair value through OCI</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,329,738</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,329,738</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Debt instruments at amortized cost</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,481,928</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,461,616</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,157,568</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,131,688</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Derivative financial instruments</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,843,708</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,843,708</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,134,372 </div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,134,372 </div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Equity securities at fair value</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,639,948</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,639,948</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,517,830 </div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,517,830 </div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Loans and advances to customers and financial institutions, net</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">163,583,285</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">167,551,429</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">152,244,991</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">149,162,071</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Investment property</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,732,873</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,732,873</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,657,409</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,657,409</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Investments in associates </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,119,973</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,119,973</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">757,886</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">757,886</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Equity securities - Assets held for sale</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,486 </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,486</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">185,641,314</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">189,589,146</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">172,174,397 </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">169,065,597</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Liabilities</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Deposits by customers</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">142,128,471 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">142,860,996 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">131,959,215</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">132,779,730</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Interbank deposits</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,374,222</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,374,222</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,084,591</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,084,591</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Repurchase agreements and other similar secured borrowing</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,315,555</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,315,555</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,236,128</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,236,128</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Derivative financial instruments </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,295,070</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,295,070</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">945,853</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">945,853</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Borrowings from other financial institutions </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">16,337,964</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">16,337,964</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">13,822,152</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">13,822,152</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Preferred shares</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">583,997</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">602,597</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">582,985</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">662,999</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Debt instruments in issue</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">20,287,233</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">20,759,456</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">19,648,714</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">20,756,154</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">184,322,512 </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">185,545,860 </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">171,279,638</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">173,287,607</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-indent: -0.13in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">For further information, see classification under IFRS 9, as described in Note 32 impacts on application of new standards.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">It corresponds investments in associates P.A Viva Malls. See Note 7 investments in associates and joint ventures</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-indent: -0.13in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 13.5pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: symbol; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#61623;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair value hierarchy</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">IFRS 13 establishes a fair value hierarchy of valuation techniques based on whether the inputs to those valuation techniques are observable or unobservable, that reflects the significance of inputs adopted in the measurement process. 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Level 3 assets and liabilities include financial instruments whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant management judgment or estimation. 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All methodologies and procedures developed by the pricing services provider are supervised by the Financial Superintendence of Colombia, which has not objected to them.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">On a daily basis, the back-office Service Valuation Officer (SVO) verifies the valuation of investments, and the Credit and Financial Risk Manager area reports the results of the portfolio&#8217;s valuation.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair value measurement</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assets</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">a. Debt instruments</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank assigns prices to those debt investments, using the prices provided by the official pricing services provider (Precia) and assigns the appropriate level according to the procedure described above. For securities not traded or over-the-counter such as certain bonds issued by other financial institutions, the Bank generally determines fair value utilizing internal valuation and standard techniques. These techniques include determination of expected future cash flows which are discounted using curves of the applicable currencies and the Colombian consumer price index&#160;(interest rate in this case), modified by the credit risk and liquidity risk. The interest rate is generally computed using observable market data and reference yield curves derived from quoted interest in appropriate time bandings, which match the timings of the cash flows and maturities of the instruments.&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">b. Equity securities</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank performs the market price valuation of their investments in variable income using the prices provided by the official pricing services provider (Precia) and classifies those investments according to the procedure described above (Hierarchy of fair value section). Likewise, the fair value of unlisted equity securities is based on an assessment of each individual investment using methodologies that include publicly-traded comparables derived by multiplying a key performance metric (e.g., earnings before interest, taxes, depreciation and amortization) of the portfolio company by the relevant valuation multiple observed for comparable companies, acquisition comparables, and if necessary considered, are subject to appropriate discounts for lack of liquidity or marketability. Interests in investment funds, trusts and collective portfolios are valued using the investment unit value determined by the fund management company. For investment funds where the underlying assets are investment properties, the investment unit value depends on the investment properties value, determined as described below in &#8220;i. Investment property&#8221;.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">c. Derivative financial instruments</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank holds positions in standardized derivatives, such as futures over local stocks, and over the representative exchange rate (TRM). These instruments are valuated according to the information provided by Precia, which perfectly matches the information provided by the Central Counterparty Clearing House &#8211; CCP.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Additionally, the Bank holds positions in OTC derivatives, which in the absence of prices, are valued using the inputs and methodologies provided by the pricing services provider.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The key inputs depend upon the type of derivative and the nature of the underlying instrument and include interest rate yield curves, foreign exchange rates, the spot price of the underlying volatility, credit curves and correlation of such inputs.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">d. Credit valuation adjustment</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank measures the effects of the credit risk of its counterparties and its own creditworthiness in determining fair value of the swap, option and forward derivatives.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Counterparty credit-risk adjustments are applied to derivatives when the Bank&#8217;s position is a derivative asset and the Bank&#8217;s credit risk is incorporated when the position is a derivative liability. The Bank attempts to mitigate credit risk to third parties which are international banks by entering into master netting agreements.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">When assessing the impact of credit exposure, only the net counterparty exposure is considered at risk, due to the offsetting of certain same-counterparty positions and the application of cash and other collateral.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank generally calculates the asset&#8217;s credit risk adjustment for derivatives transacted with international financial institutions by incorporating indicative credit related pricing that is generally observable in the market (&#8220;CDS&#8221;). The credit-risk adjustment for derivatives transacted with non-public counterparties is calculated by incorporating unobservable credit data derived from internal credit qualifications to the financial institutions and corporate companies located in Colombia. The Bank also considers its own creditworthiness when determining the fair value of an instrument, including OTC derivative instruments if the Bank believes market participants would take that into account when transacting the respective instrument. The approach to measuring the impact of the Bank&#8217;s credit risk on an instrument transacted with international financial institutions is done using the asset swap curve calculated for subordinated bonds issued by the Bank in foreign currency. For derivatives transacted with local financial institutions, the Bank calculates the credit risk adjustment by incorporating credit risk data provided by rating agencies and released in the Colombian financial market.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">e. Impaired loans measured at fair value</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank measured certain impaired loans based on the fair value of the associated collateral less costs to sell. The fair values were determined as follows using external and internal valuation techniques or third party experts, depending on the type of underlying asset.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">For vehicles under leasing arrangements, the Bank uses an internal valuation model based on price curves for each type of vehicle. Such curves show the expected price of the vehicle at different points in time based on the initial price and projection of economic variables such as inflation, devaluation and customs. The prices modelled in the curves are compared every six months with market information for the same or similar vehicles and in the case of significant deviation; the curve is adjusted to reflect the market conditions.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Other vehicles are measured using matrix pricing from a third party. This matrix is used by most of the market participants and is updated monthly. The matrix is developed from values provided by several price providers for identical or similar vehicles and considers brand, characteristics of the vehicles, and manufacturing date among other variables to determine the prices.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">For real estate assets, a third-party qualified appraiser is used. The methodologies vary depending on the date of the last appraisal available for the property (the appraisal is estimated based on either of three approaches: cost, sales comparison and income approach, and is required every three years). When the property has been valued in the last 12 months and the market conditions have not shown significant changes, the most recent valuation is considered the fair value of the property.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">For all other cases (for example, appraisals older than 12 months) the value of the property is updated by adjusting the value in the last appraisal for weighted factors such as location, type and characteristics of the property, size, structural conditions and the expected sales prices, among others. The factors are determined based on current market information gathered from several external real estate specialist.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">f. Assets held for sale measured at fair value less cost of sale</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank measures certain impaired foreclosed assets and premises and equipment held for sale based on fair value less costs to sell. The fair values were determined using external and internal valuation techniques, depending on the type of underlying asset. Those assets are comprised mainly of real estate properties for which the appraisal is conducted by experts considering factors such as the location, type and characteristics of the property, size, physical conditions and expected selling costs, among others. Likewise, in some cases the fair value is estimated considering comparable prices or promises of sale and offering prices from auctions process.&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">g.</div></div><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Mortgage-backed securities (&#8220;TIPS&#8221;) and Asset-Backed securities</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank invests in asset-backed securities for which underlying assets are mortgages and earnings under contracts issued by financial institutions and corporations, respectively. The Bank does not have a significant exposure to sub-prime securities. The asset-backed securities are denominated in local market TIPS and are classified as fair value through profit or loss. These asset-backed securities have different maturities and are generally classified by credit ratings.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Fair values were estimated using discounted cash flows models where the main key economic assumptions used are estimates of prepayment rates and resultant weighted average lives of the securitized mortgage portfolio, probability of default and interest rate curves. These items are classified as level 2 and level 3.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">h. Investments in associates measured at fair value</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank recognizes its investment in PA Viva Malls as an associated at fair value. The estimated amount is provided by fund manager as the variation of the units according to the units owned by the Fondo Colombia Inmobiliario. The associate&#8217;s assets are comprised of&#160;investment properties which are measured using the following techniques: comparable prices, discounted cash flows, replacement cost and direct capitalization. For further information about techniques methodologies and inputs used by the external party see &#8220;Quantitative Information about Level 3 Fair Value Measurements&#8221;.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">i. Investment property</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank&#8217;s investment property are valued by external experts, who use valuation techniques based on comparable prices, direct capitalization, discounted cash flows and replacement costs.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assets and liabilities measured at fair value on a recurring basis</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table presents for each of the fair-value hierarchy levels the Bank&#8217;s assets and liabilities that are measured at fair value on a recurring basis at December 31, 2018 and 2017:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table><div style="color: rgb(0, 0, 0); font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; text-align: justify; background: none;">&#160;<div style="letter-spacing: 0px; font-size: 10pt; background: none; text-decoration: none; top: 0px;;display:inline;">&#160;</div></div><table style="font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; width: 100%; border-collapse: collapse; border-spacing: 0px;"><tr><td colspan="9" style="border: 1pt solid black; padding-left: 6.25pt; text-align: center; line-height: 8pt; font-size: 8pt; padding-top: 0px; padding-bottom: 0px; white-space: nowrap;"><div style="font-weight:bold;display:inline;">Financial Assets</div></td></tr><tr><td rowspan="3" style="border-bottom: 1pt solid black; border-right: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-weight:bold;display:inline;">Type of instrument</div></td><td colspan="4" style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></td><td colspan="4" style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></td></tr><tr><td colspan="3" style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-weight:bold;display:inline;">Fair value hierarchy</div></td><td rowspan="2" style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-weight:bold;display:inline;">Total fair value</div></td><td colspan="3" style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-weight:bold;display:inline;">Fair value hierarchy</div></td><td rowspan="2" style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-weight:bold;display:inline;">Total fair value</div></td></tr><tr><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-weight:bold;display:inline;">Level 1</div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-weight:bold;display:inline;">Level 2</div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-weight:bold;display:inline;">Level 3</div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-weight:bold;display:inline;">Level 1</div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-weight:bold;display:inline;">Level 2</div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-weight:bold;display:inline;">Level 3</div></td></tr><tr><td colspan="9" style="border-bottom: 1pt solid black; border-right: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></td></tr><tr style="font-size: 8pt;"><td colspan="9" style="border-bottom: 1pt solid black; border-right: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Investment securities</div></div></div></td></tr><tr style="font-size: 8pt;"><td colspan="9" style="border-bottom: 1pt solid black; border-right: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Debt instruments at fair value through profit or loss</div></div></div></td></tr><tr style="font-size: 8pt;"><td style="border-left: 1pt solid black; width: 895.688px; padding: 0px 3.5pt; text-align: left; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="font-size: 8pt;;font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by the Colombian Government</div></div></td><td style="width: 104.688px; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">7,170,085</td><td style="width: 104.688px; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">72,083</td><td style="width: 103.688px; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="width: 140.688px; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">7,242,168</div></div></div></td><td style="width: 122.688px; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">6,013,860</td><td style="width: 103.688px; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">989,287</td><td style="width: 84.6875px; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="width: 140.688px; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">7,003,147</div></div></div></td></tr><tr style="font-size: 8pt;"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: justify; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="font-size: 8pt;;font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued or secured by government entities</div></div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;">24,588</td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;">12,851</td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;">6,407</td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px; font-size: 8pt;;display:inline;"><div style="font-weight:bold;display:inline;">43,846</div></div></div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;">9,186</td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;">26,852</td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px; font-size: 8pt;;display:inline;"><div style="font-weight:bold;display:inline;">36,038</div></div></div></td></tr><tr style="font-size: 8pt;"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: justify; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="font-size: 8pt;;font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by other financial institutions</div></div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;">115,234</td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;">338,992</td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;">206,950</td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">661,176</div></div></div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;">177,531</td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;">578,196</td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;">297,049</td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,052,776</div></div></div></td></tr><tr style="font-size: 8pt;"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: justify; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="font-size: 8pt;;font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by foreign governments</div></div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;">397,115</td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;">420,524</td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">817,639</div></div></div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;">1,196,963</td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;">1,275,031</td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,471,994</div></div></div></td></tr><tr style="font-size: 8pt;"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: justify; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="font-size: 8pt;;font-style:italic;display:inline;;font-style:italic;display:inline;">Corporate bonds</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">61,556</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">83,317</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">159</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">145,032</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">33,800</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">100,982</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">3,118</td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">137,900</div></div></div></td></tr><tr style="font-size: 8pt;"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: justify; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total debt instruments at fair value through profit or loss</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">7,768,578</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">927,767</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">213,516</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">8,909,861</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">7,431,340</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,970,348</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">300,167</div></div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">10,701,855</div></div></div></td></tr><tr style="font-size: 8pt;"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: justify; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Debt instruments at fair value through OCI<div style="vertical-align: super;font-size: smaller;display:inline;">(1)</div></div></div></div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt; background: none;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt; background: none;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt; background: none;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt; background: none;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt; background: none;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt; background: none;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt; background: none;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; background: none;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr style="font-size: 8pt;"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: justify; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="font-size: 8pt;;font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by other financial institutions</div></div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;">186,250</td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">186,250</div></div></div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="vertical-align: top; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td></tr><tr style="font-size: 8pt;"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: justify; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="font-size: 8pt;;font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by foreign governments</div></div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;">1,630,379</td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;">1,513,109</td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,143,488</div></div></div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="vertical-align: top; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td></tr><tr style="font-size: 8pt;"><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: justify; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total debt instruments at fair value through OCI</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,630,379</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,699,359</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-&#160;&#160;</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,329,738</div></div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; border-top: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td></tr><tr style="font-size: 8pt;"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: justify; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total debt instruments</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">9,398,957</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,627,126</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">213,516</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">12,239,599</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">7,431,340</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,970,348</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">300,167</div></div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">10,701,855</div></div></div></td></tr><tr style="font-size: 8pt;"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: justify; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Equity securities</div></div></div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt; background: none;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt; background: none;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt; background: none;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt; background: none;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt; background: none;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt; background: none;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt; background: none;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; background: none;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr style="font-size: 8pt;"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="font-size: 8pt;;font-style:italic;display:inline;;font-style:italic;display:inline;">Equity securities</div></div></td><td style="margin: 0px; font-family: &quot;times new roman&quot;; font-size: 8pt; border-bottom: 0.75pt solid black; text-align: right;"><div style="font-size:8pt;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">100,233</div></div></div></td><td style="margin: 0px; font-family: &quot;times new roman&quot;; font-size: 8pt; border-bottom: 0.75pt solid black; text-align: right;"><div style="font-size:8pt;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">115</div></div></div></td><td style="margin: 0px; font-family: &quot;times new roman&quot;; font-size: 8pt; border-bottom: 0.75pt solid black; text-align: right;"><div style="font-size:8pt;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">1,539,600</div></div></div></td><td style="margin: 0px; font-family: &quot;times new roman&quot;; font-size: 8pt; border-bottom: 0.75pt solid black; text-align: right;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">1,639,948</div></div></div></div></td><td style="margin: 0px; font-family: &quot;times new roman&quot;; font-size: 8pt; border-bottom: 0.75pt solid black; text-align: right;"><div style="font-size:8pt;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">145,250</div></div></div></td><td style="margin: 0px; font-family: &quot;times new roman&quot;; font-size: 8pt; border-bottom: 0.75pt solid black; text-align: right;"><div style="font-size:8pt;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">28,976</div></div></div></td><td style="margin: 0px; font-family: &quot;times new roman&quot;; font-size: 8pt; border-bottom: 0.75pt solid black; text-align: right;"><div style="font-size:8pt;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">1,343,604</div></div></div></td><td style="margin: 0px; font-family: &quot;times new roman&quot;; font-size: 8pt; border-bottom: 0.75pt solid black; text-align: right;"><div style="font-size:8pt;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">1,517,830</div></div></div></td></tr><tr style="font-size: 8pt;"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total equity securities</div></div></div></td><td style="margin: 0px; font-family: &quot;times new roman&quot;; font-size: 8pt; text-align: right;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">100,233</div></div></div></div></div></td><td style="margin: 0px; font-family: &quot;times new roman&quot;; font-size: 8pt; text-align: right;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">115</div></div></div></div></div></td><td style="margin: 0px; font-family: &quot;times new roman&quot;; font-size: 8pt; text-align: right;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">1,539,600</div></div></div></div></div></td><td style="margin: 0px; font-family: &quot;times new roman&quot;; font-size: 8pt; text-align: right;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">1,639,948</div></div></div></div></div></td><td style="margin: 0px; font-family: &quot;times new roman&quot;; font-size: 8pt; text-align: right;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">145,250</div></div></div></div></div></td><td style="margin: 0px; font-family: &quot;times new roman&quot;; font-size: 8pt; text-align: right;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">28,976</div></div></div></div></div></td><td style="margin: 0px; font-family: &quot;times new roman&quot;; font-size: 8pt; text-align: right;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">1,343,604</div></div></div></div></div></td><td style="margin: 0px; font-family: &quot;times new roman&quot;; font-size: 8pt; text-align: right;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">1,517,830</div></div></div></div></div></td></tr><tr style="font-size: 8pt;"><td colspan="9" style="border-right: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Derivative financial instruments</div></div></div></td></tr><tr style="font-size: 8pt;"><td colspan="9" style="border-right: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Forwards</div></div></div></td></tr><tr style="font-size: 8pt;"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="font-size: 8pt;;font-style:italic;display:inline;;font-style:italic;display:inline;">Foreign exchange contracts</div></div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-<div style="font-size:8pt;;display:inline;">&#160;</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">96,426</td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">197,919</td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">294,345</div></div></div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;">78,189</td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;">94,121</td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">172,310</div></div></div></td></tr><tr style="font-size: 8pt;"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: justify; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="font-size: 8pt;;font-style:italic;display:inline;;font-style:italic;display:inline;">Equity contracts</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-<div style="font-size:8pt;;display:inline;">&#160;</div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">968</td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">13</td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">981</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">357</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">15</td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">372</div></div></div></td></tr><tr style="font-size: 8pt;"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total forwards</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-&#160;</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">97,394</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">197,932</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">295,326</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">78,546</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">94,136</div></div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">172,682</div></div></div></td></tr><tr style="font-size: 8pt;"><td colspan="9" style="border-right: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Swaps</div></div></div></td></tr><tr style="font-size: 8pt;"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="font-size: 8pt;;font-style:italic;display:inline;;font-style:italic;display:inline;">Foreign exchange contracts</div></div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">1,053,684</td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">145,552</td><td style="vertical-align: top; padding: 0px 3.5pt; font-size: 8pt; text-align: right;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">1,199,236</div>&#160;&#160;&#160;</div></div></div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;">482,330</td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;">190,228</td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">672,558</div></div></div></td></tr><tr style="font-size: 8pt;"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: justify; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="font-size: 8pt;;font-style:italic;display:inline;;font-style:italic;display:inline;">Interest rate contracts</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">2,935</td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">198,697</td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">51,296</td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; font-size: 8pt; text-align: right;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">252,928</div>&#160;&#160;&#160;</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">8,171</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">220,027</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">45,939</td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">274,137</div></div></div></td></tr><tr style="font-size: 8pt;"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total swaps</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,935</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,252,381</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">196,848</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,452,164</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">8,171</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">702,357</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">236,167</div></div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">946,695</div></div></div></td></tr><tr style="font-size: 8pt;"><td colspan="9" style="border-right: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Options</div></div></div></td></tr><tr style="font-size: 8pt;"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="font-size: 8pt;;font-style:italic;display:inline;;font-style:italic;display:inline;">Foreign exchange contracts</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">6,707</td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">89,511</td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">96,218</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;">-</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">746</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">14,249</td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">14,995</div></div></div></td></tr><tr style="font-size: 8pt;"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total options</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">6,707</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">89,511</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">96,218</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">746</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">14,249</div></div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">14,995</div></div></div></td></tr><tr style="font-size: 8pt;"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total derivative financial instruments</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,935</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,356,482</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">484,291</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,843,708</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">8,171</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">781,649</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">344,552</div></div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,134,372</div></div></div></td></tr><tr style="font-size: 8pt;"><td colspan="9" style="border-right: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Investment properties</div></div></div></td></tr><tr style="font-size: 8pt;"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="font-size: 8pt;;font-style:italic;display:inline;;font-style:italic;display:inline;">Buildings</div></div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">1,483,594</td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,483,594</div></div></div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;">1,425,585</td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,425,585</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div>&#160;</div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px; background: none;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="color: rgb(0, 0, 0); font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px 0px 0px 0.5in; text-align: left; background: none;">&#160;</div><table style="font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; width: 100%; border-collapse: collapse; border-spacing: 0px;"><tr><td colspan="9" style="border: 1pt solid black; padding-left: 6.25pt; text-align: center; line-height: 8pt; font-size: 8pt; padding-top: 0px; padding-bottom: 0px; white-space: nowrap;"><div style="font-weight:bold;display:inline;">Financial Assets</div></td></tr><tr><td rowspan="3" style="border-bottom: 1pt solid black; border-right: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-weight:bold;display:inline;">Type of instrument</div></td><td colspan="4" style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></td><td colspan="4" style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></td></tr><tr><td colspan="3" style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-weight:bold;display:inline;">Fair value hierarchy</div></td><td rowspan="2" style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-weight:bold;display:inline;">Total fair value</div></td><td colspan="3" style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-weight:bold;display:inline;">Fair value hierarchy</div></td><td rowspan="2" style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-weight:bold;display:inline;">Total fair value</div></td></tr><tr><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-weight:bold;display:inline;">Level 1</div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-weight:bold;display:inline;">Level 2</div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-weight:bold;display:inline;">Level 3</div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-weight:bold;display:inline;">Level 1</div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-weight:bold;display:inline;">Level 2</div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-weight:bold;display:inline;">Level 3</div></td></tr><tr><td colspan="9" style="border-bottom: 1pt solid black; border-right: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></td></tr><tr style="font-size: 8pt;"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; width: 895.688px; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="font-size: 8pt;;font-style:italic;display:inline;;font-style:italic;display:inline;">Lands</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; width: 104.688px; font-size: 8pt;">-</td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; width: 104.688px; font-size: 8pt;">-</td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; width: 103.688px; font-size: 8pt;">249,279</td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; width: 140.688px; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">249,279</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; width: 122.688px; font-size: 8pt;">-</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; width: 103.688px; font-size: 8pt;">-</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; width: 84.6875px; font-size: 8pt;">231,824</td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; width: 140.688px; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">231,824</div></div></div></td></tr><tr style="font-size: 8pt;"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total investment properties</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,732,873</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,732,873</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,657,409</div></div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,657,409</div></div></div></td></tr><tr style="font-size: 8pt;"><td colspan="9" style="border-bottom: 1pt solid black; border-right: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Investment in associates</div></div></div></td></tr><tr style="font-size: 8pt;"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: left; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="font-size: 8pt;;font-style:italic;display:inline;;font-style:italic;display:inline;">PA Viva Malls</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">1,119,973</td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,119,973</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">757,886</td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">757,886</div></div></div></td></tr><tr style="font-size: 8pt;"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: left; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total investment in associates and joint ventures</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,119,973</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,119,973</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">757,886</div></div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">757,886</div></div></div></td></tr><tr style="font-size: 8pt;"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Equity securities - Assets held for sale</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; background: none;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; background: none;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; background: none;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; background: none;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; background: none;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; background: none;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; background: none;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; background: none;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr style="font-size: 8pt;"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="font-size: 8pt;;font-style:italic;display:inline;;font-style:italic;display:inline;">Assets held for sale</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">2,486</td><td style="border-bottom: 1pt solid black; vertical-align: top; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,486</div></div></div></td></tr><tr style="font-size: 8pt;"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total Equity securities - Assets held for sale</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,486</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,486</div></div></div></td></tr><tr style="font-size: 8pt;"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: left; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">9,502,125</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,983,723</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5,090,253</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">18,576,101</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">7,584,761</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,780,973</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">4,406,104</div></div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">15,771,838</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="color: rgb(0, 0, 0); font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px 0px 0px 0in; text-align: left; background: none;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">&#160;</div></div></div><table style="font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin-top: 0pt; margin-bottom: 0pt; width: 100%; border-collapse: collapse; border-spacing: 0px; table-layout: fixed;"><tr style="vertical-align:top; text-align:justify"><td style="width: 0px; padding: 0px;"></td><td style="width: 0.25in; text-align: left; padding-left: 0px; padding-top: 0px; padding-bottom: 0px;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">(1)</div></div></td><td style="text-align: justify; padding-left: 0px; padding-top: 0px; padding-bottom: 0px;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">For further information, see classification under IFRS 9, as described in Note 2.D Significant accounting policies.</div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px; background: none;"></div><div style="color: rgb(0, 0, 0); font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px 0px 0px 9pt; text-align: left; background: none;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div><table style="font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; width: 100%; border-collapse: collapse; border-spacing: 0px;"><tr><td colspan="9" style="border: 1pt solid black; padding-left: 6.25pt; text-align: center; line-height: 8pt; font-size: 8pt; padding-top: 0px; padding-bottom: 0px; white-space: nowrap;"><div style="font-weight:bold;display:inline;">Financial liabilities</div></td></tr><tr><td rowspan="3" style="border-bottom: 1pt solid black; border-right: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-weight:bold;display:inline;">Type of instrument</div></td><td colspan="4" style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></td><td colspan="4" style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></td></tr><tr><td colspan="3" style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-weight:bold;display:inline;">Fair value hierarchy</div></td><td rowspan="2" style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; font-size: 8pt; line-height: 8pt; white-space: nowrap;"><div style="font: 8pt &quot;times new roman&quot;, times, serif; margin: 0px; text-align: center;"><div style="font-weight:bold;display:inline;">Total fair&#160;value</div></div></td><td colspan="3" style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-weight:bold;display:inline;">Fair value hierarchy</div></td><td rowspan="2" style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-weight:bold;display:inline;">Total fair value</div></td></tr><tr><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-weight:bold;display:inline;">Level 1</div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-weight:bold;display:inline;">Level 2</div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-weight:bold;display:inline;">Level 3</div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-weight:bold;display:inline;">Level 1</div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-weight:bold;display:inline;">Level 2</div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-weight:bold;display:inline;">Level 3</div></td></tr><tr><td colspan="9" style="border-bottom: 1pt solid black; border-right: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></td></tr><tr style="font-size: 8pt;"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Derivative financial instruments</div></div></div></td><td colspan="8" style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; background: none;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr style="font-size: 8pt;"><td style="border-top: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Forwards</div></div></div></td><td colspan="8" style="border-top: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; background: none;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr style="font-size: 8pt;"><td style="border-left: 1pt solid black; width: 895.688px; padding: 0px 3.5pt; text-align: left; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="font-size: 8pt;;font-style:italic;display:inline;;font-style:italic;display:inline;">Foreign exchange contracts</div></div></td><td style="width: 104.688px; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="width: 104.688px; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">(242,844)</td><td style="width: 103.688px; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">(56,171)</td><td style="width: 140.688px; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(299,015)</div></div></div></td><td style="width: 122.688px; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="width: 103.688px; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">(122,424)</td><td style="width: 84.6875px; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">(20,552)</td><td style="width: 140.688px; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(142,976)</div></div></div></td></tr><tr style="font-size: 8pt;"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="font-size: 8pt;;font-style:italic;display:inline;;font-style:italic;display:inline;">Equity contracts</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">(7,325)</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">(260)</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(7,585)</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">(3,955)</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">(515)</td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(4,470)</div></div></div></td></tr><tr style="font-size: 8pt;"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total forwards</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(250,169)</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(56,431)</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(306,600)</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(126,379)</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(21,067)</div></div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(147,446)</div></div></div></td></tr><tr style="font-size: 8pt;"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Swaps</div></div></div></td><td colspan="8" style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; background: none;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr style="font-size: 8pt;"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="font-size: 8pt;;font-style:italic;display:inline;;font-style:italic;display:inline;">Foreign exchange contracts</div></div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;">(654,093)</td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;">(46,810)</td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;">(700,903)</td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;">(459,789)</td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;">(46,034)</td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(505,823)</div></div></div></td></tr><tr style="font-size: 8pt;"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="font-size: 8pt;;font-style:italic;display:inline;;font-style:italic;display:inline;">Interest rate contracts</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">(3,887)</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">(248,436)</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">(5,655)</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(257,978)</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">(9,347)</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">(252,660)</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">(13,634)</td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(275,641)</div></div></div></td></tr><tr style="font-size: 8pt;"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total swaps</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(3,887)</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(902,529)</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(52,465)</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(958,881)</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(9,347)</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(712,449)</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(59,668)</div></div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(781,464)</div></div></div></td></tr><tr style="font-size: 8pt;"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Options</div></div></div></td><td colspan="8" style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; background: none;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr style="font-size: 8pt;"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="font-size: 8pt;;font-style:italic;display:inline;;font-style:italic;display:inline;">Foreign exchange contracts</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">(29,589)</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(29,589)</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">(16,943)</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(16,943)</div></div></div></td></tr><tr style="font-size: 8pt;"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total options</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(29,589)</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(29,589)</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(16,943)</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(16,943)</div></div></div></td></tr><tr style="font-size: 8pt;"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total derivative financial instruments</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(3,887)</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(1,182,287)</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(108,896)</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(1,295,070)</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(9,347)</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(855,771)</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(80,735)</div></div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(945,853)</div></div></div></td></tr><tr style="font-size: 8pt;"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(3,887)</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(1,182,287)</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(108,896)</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(1,295,070)</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(9,347)</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(855,771)</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(80,735)</div></div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(945,853)</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="color: rgb(0, 0, 0); font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; text-align: left; background: none;">&#160;</div><div><div style="clear: both; max-height: 0px;"></div><div style="color: rgb(0, 0, 0); font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; text-align: left; background: none;"><div style="text-decoration: none; background: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div> <table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair value of assets and liabilities that are not measured at fair value in the Statement of Financial Position</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table presents for each of the fair-value hierarchy levels the Bank&#8217;s assets and liabilities that are not measured at fair value in the statement of financial position but for which the fair value is disclosed at December 31, 2018 and 2017:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div><div style="background: none; letter-spacing: 0px; font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; text-decoration: none; top: 0px;;display:inline;">&#160;</div></div><table style="font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; width: 100%; border-collapse: collapse; border-spacing: 0px;"><tr><td colspan="9" style="border: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assets</div></div></td></tr><tr><td rowspan="3" style="border-bottom: 1pt solid black; border-right: 1pt solid black; border-left: 1pt solid black; padding-left: 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; padding-top: 0px; padding-bottom: 0px; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Type of instrument</div></div></td><td colspan="4" style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></td><td colspan="4" style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></td></tr><tr><td colspan="3" style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair value hierarchy</div></div></td><td rowspan="2" style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total fair value</div></div></td><td colspan="3" style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair value hierarchy</div></div></td><td rowspan="2" style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total fair value</div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Level 1</div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Level 2</div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Level 3</div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Level 1</div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Level 2</div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Level 3</div></div></td></tr><tr><td colspan="9" style="border-bottom: 1pt solid black; border-right: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></td></tr><tr><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Debt instruments</div></div></td><td colspan="8" style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td></tr><tr><td style="border-left: 1pt solid black; width: 631.688px; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by the Colombian Government</div></div></td><td style="width: 123.688px; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">36,847</div></td><td style="width: 141.688px; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">13,424</div></td><td style="width: 141.688px; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="width: 141.688px; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">50,271</div></div></td><td style="width: 141.688px; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="width: 178.688px; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">12,967</div></td><td style="width: 159.688px; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="width: 140.688px; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">12,967</div></div></td></tr><tr><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued or secured by government entities</div></div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">17,744</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">386,396</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,449,333</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,853,473</div></div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">17,204</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">528,395</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,350,175</div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,895,774</div></div></td></tr><tr><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: justify; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by other financial institutions</div></div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">107,959</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">23,375</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">12,326</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">143,660</div></div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">194,606</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">21,871</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">12,007</div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">228,484</div></div></td></tr><tr><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: justify; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by foreign governments</div></div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">130,913</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">141,652</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">272,565</div></div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">748,060</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">302,795</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,050,855</div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: justify; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Corporate bonds</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">259,904</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">53,395</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">828,348</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,141,647</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">231,601</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">49,694</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">662,313</div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">943,608</div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total &#8211; Debt instruments</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">553,367</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">618,242</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,290,007</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,461,616</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,191,471</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">915,722</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,024,495</div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">4,131,688</div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Loans and advances to customers and financial institutions, net</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">167,551,429</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">167,551,429</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">149,162,071</div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">149,162,071</div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">553,367</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">618,242</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">169,841,436</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">171,013,045</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,191,471</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">915,722</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">151,186,566</div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">153,293,759</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px; background: none;"></div><div style="color: rgb(0, 0, 0); font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; text-align: left; background: none;"><div style="text-decoration: none; background: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><table style="font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; width: 100%; border-collapse: collapse; border-spacing: 0px;"><tr><td colspan="9" style="border: 1pt solid black; padding-left: 3.5pt; text-indent: 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; padding-top: 0px; padding-bottom: 0px; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Liabilities</div></div></td></tr><tr><td rowspan="3" style="border-bottom: 1pt solid black; border-right: 1pt solid black; border-left: 1pt solid black; padding-left: 3.55pt; text-indent: -3.55pt; text-align: center; line-height: 8pt; font-size: 8pt; padding-top: 0px; padding-bottom: 0px; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Type of instruments</div></div></td><td colspan="4" style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></td><td colspan="4" style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></td></tr><tr><td colspan="3" style="border-bottom: 1pt solid black; vertical-align: top; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair value hierarchy</div></div></td><td rowspan="2" style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total fair value</div></div></td><td colspan="3" style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair value hierarchy</div></div></td><td rowspan="2" style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total fair value</div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Level 1</div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Level 2</div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Level 3</div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Level 1</div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Level 2</div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Level 3</div></div></td></tr><tr><td colspan="9" style="border-bottom: 1pt solid black; border-right: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></td></tr><tr><td style="border-left: 1pt solid black; width: 631.688px; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Deposits by customers</div></div></td><td style="vertical-align: top; width: 123.688px; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="width: 141.688px; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(30,490,414)&#160;&#160;</div></td><td style="width: 141.688px; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(112,370,582)&#160;</div></td><td style="width: 141.688px; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(142,860,996)</div></div></td><td style="width: 141.688px; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="width: 178.688px; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(30,440,868)</div></td><td style="width: 159.688px; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(102,338,862)</div></td><td style="width: 140.688px; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(132,779,730)</div></div></td></tr><tr><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: justify; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Interbank deposits</div></div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,374,222)</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(1,374,222)</div></div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,084,591)</div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(1,084,591)</div></div></td></tr><tr><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Repurchase agreements and other similar secured borrowing</div></div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,315,555)</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(2,315,555)</div></div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(3,236,128)</div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(3,236,128)</div></div></td></tr><tr><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: justify; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Borrowings from other financial institutions</div></div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(16,337,964)</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(16,337,964)</div></div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(13,822,152)</div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(13,822,152)</div></div></td></tr><tr><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: justify; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Preferred shares</div></div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(602,597)</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(602,597)</div></div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(662,999)</div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(662,999)</div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: justify; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Debt instruments in issue</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(9,503,793)</div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(8,486,088)</div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,769,575)</div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(20,759,456)</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(8,999,118)</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(9,534,766)</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,222,270)</div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(20,756,154)</div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(9,503,793)</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(38,976,502)</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(135,770,495)</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(184,250,790)</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(8,999,118)</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(39,975,634)</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(123,367,002)</div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(172,341,754)</div></div></td></tr></table><div style="clear: both; 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The financial instruments below are not recorded at fair value on a recurring and nonrecurring basis:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; text-indent: 0.79in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Short-term financial instruments</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Short-term financial instruments are valued at their carrying amounts included in the consolidated statement of financial position, which are reasonable estimates of fair value due to the relatively short period to maturity of the instruments. 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Subsequently, the cash flows was discounted using reference curves formed by the weighted average of the Bank&#8217;s deposit rates.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; text-indent: 0.79in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Debt instruments in issue</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The fair value of debt instruments in issue, comprised of bonds issued by Bancolombia S.A. and its subsidiaries, was estimated substantially based on quoted market prices. 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The Gordon Model is commonly used to determine the intrinsic value of a stock based on a future series of dividends that are estimated by the Bank and growth at a constant rate considering the Bank&#8217;s own perspectives of the payout ratio.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Loans and advances to customers and financial institutions</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Estimating the fair value of loans and advances to customers is considered an area of considerable uncertainty as there is no observable market. 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The fair values were determined using external and internal valuation techniques or third party experts, depending on the type of underlying asset. 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text-decoration-color: initial; width: 100%; border-collapse: collapse; border-spacing: 0px;"><tr><td rowspan="3" style="border: 1pt solid black; padding: 0px 3.5pt; font-size: 8pt; line-height: 8pt; white-space: nowrap; background: none;">&#160;</td><td colspan="4" style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></td><td colspan="4" style="border-bottom: 1pt solid black; border-top: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></td></tr><tr><td colspan="3" style="border-bottom: 1pt solid black; 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border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Level 2</div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Level 3</div></div></td></tr><tr><td colspan="9" style="border-bottom: 1pt solid black; border-right: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></td></tr><tr><td style="vertical-align: top; width: 499.688px; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Machinery and equipment</div></div></td><td style="vertical-align: bottom; width: 179.688px; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="vertical-align: bottom; width: 160.688px; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="vertical-align: bottom; width: 160.688px; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">5,556</div></td><td style="width: 179.688px; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5,556</div></div></td><td style="width: 141.688px; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="width: 159.688px; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="width: 159.688px; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">11,500</div></td><td style="border-right: 1pt solid black; width: 159.688px; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">11,500</div></div></td></tr><tr><td style="vertical-align: top; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Real estate for residential purposes</div></div></td><td style="vertical-align: bottom; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="vertical-align: bottom; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="vertical-align: bottom; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">92,052</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">92,052</div></div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">23,854</div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">23,854</div></div></td></tr><tr><td style="vertical-align: top; border-left: 1pt solid black; padding: 0px 3.5pt; font-size: 8pt; line-height: 8pt;"><div style="font: 8pt &quot;times new roman&quot;, times, serif; margin: 0px; text-align: left;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Real estate different from</div></div></div><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:left"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">residential properties</div></div></div></td><td style="vertical-align: bottom; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="vertical-align: bottom; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="vertical-align: bottom; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">24,076</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">24,076</div></div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,402</div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,402</div></div></td></tr><tr><td style="vertical-align: top; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Collateralized loans&#160;<div style="vertical-align: super;font-size: smaller;display:inline;">(1)</div></div></td><td style="vertical-align: bottom; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="vertical-align: bottom; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="vertical-align: bottom; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="vertical-align: bottom; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">5,417,875</div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">5,417,875</div></td></tr><tr><td style="border-bottom: 1pt solid black; vertical-align: top; border-top: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">121,684</div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">121,684</div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5,454,631</div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5,454,631</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px; background: none;"></div><div style="color: rgb(0, 0, 0); font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; text-align: left; background: none;"><div style="text-decoration: none; background: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="color:#000000; font:10pt 'times new roman', times, serif; letter-spacing:normal; orphans:2; text-indent:0px; text-transform:none; white-space:normal; widows:2; word-spacing:0px; -webkit-text-stroke-width:0px; text-decoration-style:initial; text-decoration-color:initial; margin:0px; text-align:left"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">(1)&#160;</div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">From January 1, 2018 onwards, the disclosure of collateralized loans is no longer required, due to the adoption of IFRS 9</div></div></div><div style="font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; text-align: left; color: rgb(0, 117, 192); background: none;"><div style="text-decoration: none; background: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font:10pt 'times new roman', times, serif; letter-spacing:normal; orphans:2; text-indent:0px; text-transform:none; white-space:normal; widows:2; word-spacing:0px; -webkit-text-stroke-width:0px; text-decoration-style:initial; text-decoration-color:initial; margin:0px; text-align:left; color:#0075c0"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Investment in Associates &#8211; TUYA S.A</div></div></div><div style="color: rgb(0, 0, 0); font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; text-align: left; background: none;"><div style="text-decoration: none; background: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="color:#000000; font:10pt 'times new roman', times, serif; letter-spacing:normal; orphans:2; text-indent:0px; text-transform:none; white-space:normal; widows:2; word-spacing:0px; -webkit-text-stroke-width:0px; text-decoration-style:initial; text-decoration-color:initial; margin:0px; text-align:justify"><div style="letter-spacing: 0px; top: 0px;;display:inline;">The valuation of the Bank&#8217;s participation in TUYA SA was made through an exercise of benchmark multiples, using the price / book value multiple as reference. A list of comparable companies that have a similar economic activity to the company valued was taken. Taking into account that several of the comparable companies are in a different geography, adjustments were made to the multiple to reflect this situation. The most sensitive assumptions used by the Bank in determining the fair value of Tuya were the valuation trading multiple and the discount rate used. The valuation trading multiple was 3.63x and 1.29x for 2018 and 2017 respectively, and it was computed using a linear regression model, Tuya&#8217;s expected return rate used by the expert was 11.83% and 12.13% for 2018 and 2017 respectively</div></div><div style="color: rgb(0, 0, 0); font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; text-align: left; background: none;"><div style="text-decoration: none; background: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><table style="font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; width: 100%; border-collapse: collapse; border-spacing: 0px;"><tr><td rowspan="3" style="border: 1pt solid black; padding: 0px 3.5pt; font-size: 8pt; line-height: 8pt; white-space: nowrap; background: none;">&#160;</td><td colspan="4" style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></td><td colspan="4" style="border-bottom: 1pt solid black; border-top: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></td></tr><tr><td colspan="3" style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair-value hierarchy</div></div></td><td rowspan="2" style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; font-size: 8pt; line-height: 8pt; white-space: nowrap;"><div style="font: 8pt &quot;times new roman&quot;, times, serif; margin: 0px; text-align: center;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total fair&#160;Value</div></div></div></td><td colspan="3" style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair-value hierarchy</div></div></td><td rowspan="2" style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; font-size: 8pt; line-height: 8pt; white-space: nowrap;"><div style="font: 8pt &quot;times new roman&quot;, times, serif; margin: 0px; text-align: center;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total fair&#160;Value</div></div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Level 1</div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Level 2</div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Level 3</div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Level 1</div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Level 2</div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Level 3</div></div></td></tr><tr><td colspan="9" style="border-bottom: 1pt solid black; border-right: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></td></tr><tr><td style="border-bottom: 1pt solid black; vertical-align: bottom; width: 536.688px; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Investment in Associates - TUYA</div></div></td><td style="border-bottom: 1pt solid black; width: 141.688px; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="border-bottom: 1pt solid black; width: 141.688px; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="border-bottom: 1pt solid black; width: 160.688px; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">561,285</div></td><td style="border-bottom: 1pt solid black; width: 198.688px; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">561,285</div></div></td><td style="border-bottom: 1pt solid black; width: 141.688px; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="border-bottom: 1pt solid black; width: 160.688px; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="border-bottom: 1pt solid black; width: 159.688px; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">225,548</div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; width: 159.688px; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">225,548</div></div></td></tr><tr><td style="border-bottom: 1pt solid black; vertical-align: top; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">561,285</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">561,285</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">225,548</div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">225,548</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="color: rgb(0, 0, 0); font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; text-align: justify; background: none;"><div style="text-decoration: none; background: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div><div style="background: none; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; white-space: pre-line; text-decoration: none; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Changes in Level 3 Fair-Value Category</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The table below presents reconciliation for all assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during 2018 and 2017:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font:10pt 'times new roman', times, serif; letter-spacing:normal; orphans:2; text-indent:0px; text-transform:none; white-space:normal; widows:2; word-spacing:0px; -webkit-text-stroke-width:0px; text-decoration-style:initial; text-decoration-color:initial; margin:0px; text-align:justify; color:#0075c0"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2018</div></div></div><div style="font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; 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font-size: 8pt; background: none;">&#160;</td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="vertical-align: top; padding-left: 3pt; text-align: right; line-height: 8pt; font-size: 8pt; padding-top: 0px; padding-bottom: 0px; background: none;">&#160;</td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="vertical-align: top; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td></tr><tr style="background-color:white"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued or secured by Government entities</div></div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;53</div></td><td style="padding: 0px 3.5pt; 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top: 0px;;display:inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;29,149</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;(64,014)</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-&#160;&#160;&#160;</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;5,394</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;(6,033)</div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;&#160;206,950</div></td></tr><tr style="background-color:white"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Corporate bonds</div></div></td><td style="border-bottom: 1pt solid black; 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top: 0px;;display:inline;">&#160;4,159</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;(2,518)</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-&#160;&#160;&#160;</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-&#160;&#160;&#160;</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;(617)</div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;159</div></td></tr><tr style="background-color:white"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></td><td style="padding: 0px 3.5pt; 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font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">34,691</div></div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(66,532)</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">10,365</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(6,650)</div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">213,516</div></div></td></tr><tr style="background-color:white"><td style="border-top: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Derivative financial instruments</div></div></td><td style="border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-top: 1pt solid black; padding-left: 3pt; text-align: right; line-height: 8pt; font-size: 8pt; padding-top: 0px; padding-bottom: 0px; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td></tr><tr style="background-color:white"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Foreign exchange contracts</div></div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">232,012</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">25,016</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;230,869</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;(107,890)</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-&#160;&#160;&#160;</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(40,898)</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;(9,108)</div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; 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line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;17,561</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;(9,152)</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-&#160;&#160;&#160;</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;19,106</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;(859)</div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;45,641</div></td></tr><tr style="background-color:white"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; 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padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;(247)</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;500</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-&#160;&#160;&#160;</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;-&#160;&#160;&#160;</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;-&#160;&#160;&#160;</div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;(247)</div></td></tr><tr style="background-color:white"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">263,817</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">11,696</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">248,183</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;(116,542)</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(21,792)</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(9,967)</div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">375,395</div></div></td></tr><tr style="background-color:white"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Equity securities</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-bottom: 1pt solid black; padding-left: 3pt; text-align: right; line-height: 8pt; font-size: 8pt; padding-top: 0px; padding-bottom: 0px; background: none;">&#160;</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td></tr><tr style="background-color:white"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Equity securities</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,343,604</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">131,446</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">38,648</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">41,459</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(15,557)</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-&#160;&#160;&#160;</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-&#160;&#160;&#160;</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-&#160;&#160;&#160;</div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,539,600</div></td></tr><tr style="background-color:white"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,343,604</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">131,446</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">38,648</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">41,459</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(15,557)</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,539,600</div></div></td></tr><tr style="background-color:white"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Investment in associates</div></div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="padding-left: 3pt; text-align: right; line-height: 8pt; font-size: 8pt; padding-top: 0px; padding-bottom: 0px; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td></tr><tr style="background-color:white"><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">PA Viva Malls</div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">757,886</div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">87,136</div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-&#160;&#160;&#160;</div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">274,951</div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-&#160;&#160;&#160;</div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-&#160;&#160;&#160;</div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-&#160;&#160;&#160;</div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-&#160;&#160;&#160;</div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,119,973</div></td></tr><tr style="background-color:white"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">757,886</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">87,136</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">274,951</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,119,973</div></div></td></tr><tr style="background-color:white"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Equity securities - Assets held for sale</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-bottom: 1pt solid black; padding-left: 3pt; text-align: right; line-height: 8pt; font-size: 8pt; padding-top: 0px; padding-bottom: 0px; background: none;">&#160;</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td></tr><tr style="background-color:white"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Assets held for sale</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2,486</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-&#160;&#160;&#160;</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-&#160;&#160;&#160;</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-&#160;&#160;&#160;</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,486)</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-&#160;&#160;&#160;</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-&#160;&#160;&#160;</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-&#160;&#160;&#160;</div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-&#160;&#160;&#160;</div></td></tr><tr style="background-color:white"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,486</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(2,486)</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px; background: none;"></div><div style="font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; text-align: justify; color: rgb(0, 117, 192); background: none;"><div style="text-decoration: none; background: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font:10pt 'times new roman', times, serif; letter-spacing:normal; orphans:2; text-indent:0px; text-transform:none; white-space:normal; widows:2; word-spacing:0px; -webkit-text-stroke-width:0px; text-decoration-style:initial; text-decoration-color:initial; margin:0px; text-align:justify; color:#0075c0"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2017</div></div></div><div style="color: rgb(0, 0, 0); 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width: 122.688px; border-top: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; font-size: 8pt; line-height: 8pt; white-space: nowrap;"><div style="font: 8pt &quot;times new roman&quot;, times, serif; margin: 0px; text-align: center;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Balance,</div></div></div><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:center"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">January 1,</div></div></div><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:center"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: 1pt solid black; width: 103.688px; border-top: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; font-size: 8pt; line-height: 8pt; white-space: nowrap;"><div style="font: 8pt &quot;times new roman&quot;, times, serif; margin: 0px; text-align: center;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Included</div></div></div><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:center"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">in</div></div></div><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:center"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">earnings</div></div></div></td><td style="border-bottom: 1pt solid black; width: 83.6875px; border-top: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">OCI</div></div></td><td style="border-bottom: 1pt solid black; width: 177.688px; border-top: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; font-size: 8pt; line-height: 8pt; white-space: nowrap;"><div style="font: 8pt &quot;times new roman&quot;, times, serif; margin: 0px; text-align: center;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Purchases /</div></div></div><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:center"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">reclassifications</div></div></div></td><td style="border-bottom: 1pt solid black; width: 121.688px; border-top: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Settlement</div></div></td><td style="border-bottom: 1pt solid black; width: 102.688px; border-top: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Prepaids</div></div></td><td style="border-bottom: 1pt solid black; width: 102.688px; border-top: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; font-size: 8pt; line-height: 8pt; white-space: nowrap;"><div style="font: 8pt &quot;times new roman&quot;, times, serif; margin: 0px; text-align: center;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Transfers</div></div></div><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:center"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">in to</div></div></div><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:center"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Level 3</div></div></div></td><td style="border-bottom: 1pt solid black; width: 121.688px; border-top: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; font-size: 8pt; line-height: 8pt; white-space: nowrap;"><div style="font: 8pt &quot;times new roman&quot;, times, serif; margin: 0px; text-align: center;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Transfers</div></div></div><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:center"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">out of</div></div></div><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:center"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Level 3</div></div></div></td><td style="border-bottom: 1pt solid black; width: 158.688px; border-top: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; font-size: 8pt; line-height: 8pt; white-space: nowrap;"><div style="font: 8pt &quot;times new roman&quot;, times, serif; margin: 0px; text-align: center;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Balance,</div></div></div><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:center"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31,</div></div></div><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:center"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td></tr><tr style="background-color:white"><td colspan="10" style="border-bottom: 1pt solid black; border-right: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></td></tr><tr style="background-color:white"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Debt instruments at fair value</div></div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td></tr><tr style="background-color:white"><td style="border-left: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued or secured by other financial entities</div></div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">405,099</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(70,416)</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">52,316</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(58,999)</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(30,951)</div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">297,049</div></td></tr><tr style="background-color:white"><td style="border-left: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Corporate bonds</div></div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">14,929</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(4,211)</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">5,999</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(10,869)</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(72)</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,658)</div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">3,118</div></td></tr><tr style="background-color:white"><td style="border-top: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total&#160;&#160;</div></div></td><td style="border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">420,028</div></div></td><td style="border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(74,627)</div></div></td><td style="border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">58,315</div></div></td><td style="border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(69,868)</div></div></td><td style="border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(72)</div></div></td><td style="border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(33,609)</div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">300,167</div></div></td></tr><tr style="background-color:white"><td style="border-top: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Derivative financial instruments</div></div></td><td style="border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td></tr><tr style="background-color:white"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Foreign exchange contracts</div></div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">378,385</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">353</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">231,260</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(378,053)</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">103</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(36)</div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">232,012</div></td></tr><tr style="background-color:white"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Interest rate contracts</div></div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">17,596</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">34,067</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(17,596)</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,762)</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">32,305</div></td></tr><tr style="background-color:white"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Equity contracts</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">337</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(500)</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(337)</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(500)</div></td></tr><tr style="background-color:white"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total&#160;&#160;</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">396,318</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">353</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">264,827</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(395,986)</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(1,659)</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(36)</div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">263,817</div></div></td></tr><tr style="background-color:white"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Equity securities</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td></tr><tr style="background-color:white"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Equity securities</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,178,678</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">107,848</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">26,736</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">116,743</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(41,948)</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">6,950</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(51,403)</div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,343,604</div></td></tr><tr style="background-color:white"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Total</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,178,678</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">107,848</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">26,736</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">116,743</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(41,948)</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">6,950</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(51,403)</div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,343,604</div></div></td></tr><tr style="background-color:white"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Investment in associates</div></div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td></tr><tr style="background-color:white"><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">PA Viva Malls</div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">388,595</div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">108,868</div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">262,918</div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,495)</div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">757,886</div></td></tr><tr style="background-color:white"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">388,595</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">108,868</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">262,918</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(2,495)</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">757,886</div></div></td></tr><tr style="background-color:white"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Equity securities - Assets held for sale</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td></tr><tr style="background-color:white"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Assets held for sale</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,345</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,141</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2,486</div></td></tr><tr style="background-color:white"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,345</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,141</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; 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table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Level 3 fair value rollforward</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following were the significant Level 3 transfers for the period December 31, 2017 to 2018:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Transfer of COP (21,792) in 2018 from Level 2 to Level 3 of the derivative foreign exchange contracts and Interest rate contracts, was presented due to the transfer of the credit risk from the Bank to the credit risk of the counterparty</div></div><div style="font-family: &quot;times new roman&quot;, serif; 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A change was observed in the marking days for the margin methodology. 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font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">As of December 31, 2018 and 2017, unrealized gains and losses on debt instruments were COP 58,736 and COP 73,505; Equity Securities COP 130,453 and COP 116,051 respectively</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Transfers between Level 1 and Level 2 of the Fair Value Hierarchy</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">During the years ended December 31, 2018 and 2017, the Bank transferred securities amounting to COP 826,618 securities issued by foreign governments, from Level 1 to Level 2 primarily, because such securities decreased their liquidity.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">During the years ended December 31, 2017 and 2016, the Bank transferred securities amounting to COP 2,700 Securities issued or secured by Colombian Government, from Level 1 to Level 2 primarily, because such securities decreased their liquidity and were traded less frequently to comprise an active market.</div></div><div style="font-family: &quot;times new roman&quot;, serif; 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font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Quantitative Information about Level 3 Fair Value Measurements</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The fair value of financial instruments are, in certain circumstances, measured using valuation techniques that incorporate assumptions that are not evidenced by prices from observable market transactions in the same instrument and are not based on observable market data. Changing one or more of the inputs to the valuation models to reasonably possible alternative assumptions would change the fair values and therefore a valuation adjustment would be recognized in profit or loss. Favorable and unfavorable changes are determined on the basis of changes in the value of the instrument as a result of varying the levels of the unobservable input as described in the table below. 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border-spacing: 0px;"><tr><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: center; width: 555.688px; font-size: 8pt; line-height: 8pt; white-space: nowrap;"><div style="font-weight:bold;display:inline;">Financial instrument</div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: center; width: 179.688px; font-size: 8pt; line-height: 8pt; white-space: nowrap;"><div style="font-weight:bold;display:inline;">Fair Value</div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; width: 179.688px; font-size: 8pt; line-height: 8pt; white-space: nowrap;"><div style="font: 8pt &quot;times new roman&quot;, times, serif; margin: 0pt 0px; text-align: center;"><div style="font-weight:bold;display:inline;">Valuation</div></div><div style="font:10pt 'times new roman', times, serif; margin:0pt 0px; text-align:center"><div style="font-weight:bold;display:inline;">technique</div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; width: 179.688px; font-size: 8pt; line-height: 8pt; white-space: nowrap;"><div style="font: 8pt &quot;times new roman&quot;, times, serif; margin: 0pt 0px; text-align: center;"><div style="font-weight:bold;display:inline;">Significant</div></div><div style="font:10pt 'times new roman', times, serif; margin:0pt 0px; text-align:center"><div style="font-weight:bold;display:inline;">unobservable input</div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; width: 179.688px; font-size: 8pt; line-height: 8pt; white-space: nowrap;"><div style="font: 8pt &quot;times new roman&quot;, times, serif; margin: 0pt 0px; text-align: center;"><div style="font-weight:bold;display:inline;">Range of</div></div><div style="font:10pt 'times new roman', times, serif; margin:0pt 0px; text-align:center"><div style="font-weight:bold;display:inline;">inputs</div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; width: 178.688px; font-size: 8pt; line-height: 8pt; white-space: nowrap;"><div style="font: 8pt &quot;times new roman&quot;, times, serif; margin: 0pt 0px; text-align: center;"><div style="font-weight:bold;display:inline;">Weighted</div></div><div style="font:10pt 'times new roman', times, serif; margin:0pt 0px; text-align:center"><div style="font-weight:bold;display:inline;">average</div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; width: 178.688px; font-size: 8pt; line-height: 8pt; white-space: nowrap;"><div style="font: 8pt &quot;times new roman&quot;, times, serif; margin: 0pt 0px; text-align: center;"><div style="font-weight:bold;display:inline;">Sensitivity</div></div><div style="font:10pt 'times new roman', times, serif; margin:0pt 0px; text-align:center"><div style="font-weight:bold;display:inline;">100</div></div><div style="font:10pt 'times new roman', times, serif; margin:0pt 0px; 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border-right: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: center; font-size: 8pt; line-height: 8pt;"><div style="color:#0070c0;;display:inline;"><div style="font-weight:bold;display:inline;">Amounts in millions of COP</div></div></td></tr><tr><td colspan="8" style="border-bottom: 1pt solid black; border-right: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; font-size: 8pt; line-height: 8pt;"><div style="color:#0070c0;;display:inline;"><div style="font-weight:bold;display:inline;">Debt instruments</div></div></td></tr><tr><td colspan="8" style="border-left: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; font-size: 8pt; line-height: 8pt;"><div style="color:#0070c0;;display:inline;"><div style="font-weight:bold;display:inline;">Securities issued by other financial institutions</div></div></td></tr><tr><td style="border-left: 1pt solid black; padding: 0px 3.5pt; font-size: 8pt; line-height: 8pt; background: none;">&#160;</td><td style="vertical-align: bottom; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: center; font-size: 8pt; line-height: 8pt; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: center; font-size: 8pt; line-height: 8pt;">Yield</td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">0.16% to 0.90%</div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">0.69%</div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">160,056</div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">168,000</div></td></tr><tr><td style="border-left: 1pt solid black; padding: 0px 3.5pt; font-size: 8pt; line-height: 8pt;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">TIPS</div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;">164,401</td><td style="padding: 0px 3.5pt; text-align: center; font-size: 8pt; line-height: 8pt;">Discounted cash</td><td style="padding: 0px 3.5pt; text-align: center; font-size: 8pt; line-height: 8pt;">Liquidity risk</td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">0% to 9.38%</div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">3.58%</div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">160,162</div></td><td style="border-right: 1pt solid black; 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background: none;"><div style="color:#0070c0;;display:inline;">&#160;</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt; background: none;"><div style="color:#0070c0;;display:inline;">&#160;</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt; background: none;"><div style="color:#0070c0;;display:inline;">&#160;</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt; background: none;"><div style="color:#0070c0;;display:inline;">&#160;</div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt; background: none;"><div style="color:#0070c0;;display:inline;">&#160;</div></td></tr><tr><td colspan="3" style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; font-size: 8pt; line-height: 8pt;"><div style="color:#0070c0;;display:inline;"><div style="font-weight:bold;display:inline;">Securities issued by foreign governments</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: center; font-size: 8pt; line-height: 8pt; background: none;"><div style="color:#0070c0;;display:inline;">&#160;</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt; background: none;"><div style="color:#0070c0;;display:inline;">&#160;</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt; background: none;"><div style="color:#0070c0;;display:inline;">&#160;</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt; background: none;"><div style="color:#0070c0;;display:inline;">&#160;</div></td><td style="border-bottom: 1pt solid black; 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padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt; background: none;"><div style="color:#0070c0;;display:inline;">&#160;</div></td></tr><tr><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; font-size: 8pt; line-height: 8pt;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Corporate bonds</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;">159</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: center; font-size: 8pt; line-height: 8pt;">Discounted cash flow</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: center; font-size: 8pt; line-height: 8pt;">Yield</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;">0.27%</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;">0.27%</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;">159</td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;">160</td></tr><tr><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; font-size: 8pt; line-height: 8pt;"><div style="color:#0070c0;;display:inline;"><div style="font-weight:bold;display:inline;">Total debt instruments</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;"><div style="color:#0070c0;;display:inline;"><div style="font-weight:bold;display:inline;">213,516</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: center; font-size: 8pt; line-height: 8pt; background: none;"><div style="color:#0070c0;;display:inline;">&#160;</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: center; font-size: 8pt; line-height: 8pt; background: none;"><div style="color:#0070c0;;display:inline;">&#160;</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt; background: none;"><div style="color:#0070c0;;display:inline;">&#160;</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt; background: none;"><div style="color:#0070c0;;display:inline;">&#160;</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt; background: none;"><div style="color:#0070c0;;display:inline;">&#160;</div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt; background: none;"><div style="color:#0070c0;;display:inline;">&#160;</div></td></tr><tr><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; font-size: 8pt; line-height: 8pt;"><div style="color:#0070c0;;display:inline;"><div style="font-weight:bold;display:inline;">Equity securities</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt; background: none;"><div style="color:#0070c0;;display:inline;">&#160;</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: center; font-size: 8pt; line-height: 8pt; background: none;"><div style="color:#0070c0;;display:inline;">&#160;</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: center; font-size: 8pt; line-height: 8pt; background: none;"><div style="color:#0070c0;;display:inline;">&#160;</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt; background: none;"><div style="color:#0070c0;;display:inline;">&#160;</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt; background: none;"><div style="color:#0070c0;;display:inline;">&#160;</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt; background: none;"><div style="color:#0070c0;;display:inline;">&#160;</div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt; background: none;"><div style="color:#0070c0;;display:inline;">&#160;</div></td></tr><tr><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; font-size: 8pt; line-height: 8pt;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Equity securities</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;">1,539,600</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; 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padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt; background: none;"><div style="color:#0070c0;;display:inline;">&#160;</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: center; font-size: 8pt; line-height: 8pt; background: none;"><div style="color:#0070c0;;display:inline;">&#160;</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: center; font-size: 8pt; line-height: 8pt; background: none;"><div style="color:#0070c0;;display:inline;">&#160;</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt; background: none;"><div style="color:#0070c0;;display:inline;">&#160;</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt; background: none;"><div style="color:#0070c0;;display:inline;">&#160;</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt; background: none;"><div style="color:#0070c0;;display:inline;">&#160;</div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt; background: none;"><div style="color:#0070c0;;display:inline;">&#160;</div></td></tr><tr><td style="border-left: 1pt solid black; padding: 0px 3.5pt; font-size: 8pt; line-height: 8pt;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Forward</div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">141,501</div></td><td style="padding: 0px 3.5pt; text-align: center; font-size: 8pt; line-height: 8pt;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Discounted cash flow</div></td><td style="padding: 0px 3.5pt; text-align: center; font-size: 8pt; line-height: 8pt;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Credit spread</div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">0% to 21.55%</div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">2.96%</div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">140,844</div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">155,113</div></td></tr><tr><td style="border-left: 1pt solid black; padding: 0px 3.5pt; font-size: 8pt; line-height: 8pt;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Swaps</div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">144,383</div></td><td style="padding: 0px 3.5pt; text-align: center; font-size: 8pt; line-height: 8pt;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Discounted cash flow</div></td><td style="padding: 0px 3.5pt; text-align: center; font-size: 8pt; line-height: 8pt;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Credit spread</div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">0% to 54.30%</div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">2.58%</div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">139,506</div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">136,941</div></td></tr><tr><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; font-size: 8pt; line-height: 8pt;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Options</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">89,511</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: center; font-size: 8pt; line-height: 8pt;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Black-Scholes</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: center; font-size: 8pt; line-height: 8pt;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Credit spread</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">0% to 18.81%</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">0.77%</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">88,834</div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">89,876</div></td></tr><tr><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; font-size: 8pt; line-height: 8pt;"><div style="color:#0070c0;;display:inline;"><div style="font-weight:bold;display:inline;">Investment in associates</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;"><div style="color:#0070c0;;display:inline;"><div style="font-weight:bold;display:inline;">375,395</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: center; font-size: 8pt; line-height: 8pt; background: none;"><div style="color:#0070c0;;display:inline;">&#160;</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: center; font-size: 8pt; line-height: 8pt; background: none;"><div style="color:#0070c0;;display:inline;">&#160;</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt; background: none;"><div style="color:#0070c0;;display:inline;">&#160;</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt; background: none;"><div style="color:#0070c0;;display:inline;">&#160;</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt; background: none;"><div style="color:#0070c0;;display:inline;">&#160;</div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt; background: none;"><div style="color:#0070c0;;display:inline;">&#160;</div></td></tr><tr><td style="border-left: 1pt solid black; padding: 0px 3.5pt; font-size: 8pt; line-height: 8pt;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">P.A Viva Malls</div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;">1,119,973</td><td style="padding: 0px 3.5pt; text-align: center; font-size: 8pt; line-height: 8pt;">Price-based</td><td style="padding: 0px 3.5pt; text-align: center; font-size: 8pt; line-height: 8pt;">Price</td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;">n/a</td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;">n/a</td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;">n/a</td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;">n/a</td></tr><tr><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; font-size: 8pt; line-height: 8pt;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Assets held for sale</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;">-</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: center; font-size: 8pt; line-height: 8pt;">n/a</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: center; font-size: 8pt; line-height: 8pt;">n/a</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;">n/a</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;">n/a</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;">n/a</td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;">n/a</td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px; background: none;"></div><div style="color: rgb(0, 0, 0); font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; 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font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2017</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 30.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Financial instrument</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 10.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair Value</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 10.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Valuation </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">technique</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 10.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Significant </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">unobservable input</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 10.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Range of </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; 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line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">average</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 10.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Sensitivity </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">100</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">basis point</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">increase</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 10.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Sensitivity</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">100</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">basis point</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; 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font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Debt instruments</div></div></div></td></tr><tr><td colspan="8" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Securities issued by other financial institutions </div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: center; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Yield</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">0.43% to 10.35%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">0.63%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">225,867</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">235,382</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">TIPS</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">236,236</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Discounted cash flow</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Liquidity risk</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Premium</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">0% to 10.35%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">4.48%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">226,007</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">235,228</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 30.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Financial instrument</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 10.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair Value</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 10.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Valuation </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">technique</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 10.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Significant </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">unobservable input</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 10.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Range of </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">inputs</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 10.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Weighted </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">average</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 10.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Sensitivity </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">100</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">basis point</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">increase</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 10.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Sensitivity</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">100</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">basis point</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">decrease</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: center; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Prepayment</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Speed</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">n/a</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">n/a</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">231,087</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">230,152</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Other bonds</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">41,776</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Discounted cash flow</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Yield</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(0.11%) to 0.76%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">0.81%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">35,305</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">38,282</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securitizations</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">10,919</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Discounted cash flow</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Yield</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2.24% to (3.43%)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(1.19%)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">10,825</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">11,014</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Time deposit</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">8,118</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Discounted cash flow</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Yield</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1.77% to 1.86%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1.81%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">8,056</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">8,184</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Securities issued by other financial institutions</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">297,049</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: center; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: center; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Corporate bonds</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">3,118</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Discounted cash flow</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Yield</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(0.11%) to 0.76%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">0.81%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">3,292</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2,985</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total debt instruments</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">300,167</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: center; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: center; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Equity securities</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: center; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: center; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Equity securities</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,343,604</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Price-based</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Price</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">n/a</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">n/a</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">n/a</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">n/a</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Derivative financial instruments</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: center; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: center; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Options</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">14,249</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Black-Scholes</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Recovery rate</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">0.06% to 23.75%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">4.99%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">14,142</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">14,280</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Forward</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">73,069</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Discounted cash flow</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Credit spread</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">0% to 16.54%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2.41%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">72,886</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">73,263</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Swaps</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">176,499</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Discounted cash flow</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Credit spread</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">0% to 21.31%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1.95%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">170,701</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">182,343</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Investment in associates</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: center; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: center; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">P.A Viva Malls</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">757,886</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Price-based</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Price</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">n/a</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">n/a</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">n/a</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">n/a</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Equity securities - Assets held for sale</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: center; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: center; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Assets held for sale</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2,486</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Price-based</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Price</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">n/a</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">n/a</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">n/a</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">n/a</div></div></td></tr></table><div style="clear: both; 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font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Comparable Prices</div></div></td><td rowspan="3" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The weighted average rates used in the capitalization methodology for revenues for 2017 are:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#8226; Direct capitalization: initial rate 8.12%</div></div><div style="font-family: &quot;times new roman&quot;, serif; 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font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Replacement cost</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">There has been no change to the valuation technique during the year for each asset. &#160;</div></div> <table border="0" style="width:100%; 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font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Carrying amount</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Value</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Carrying amount</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Value</div></div></div></td></tr><tr><td colspan="5" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 47.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assets</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Debt instruments at fair value through profit or loss</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,909,861</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,909,861</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,701,855</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,701,855</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Debt instruments at fair value through OCI</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,329,738</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,329,738</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Debt instruments at amortized cost</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,481,928</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,461,616</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,157,568</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,131,688</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Derivative financial instruments</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,843,708</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,843,708</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,134,372 </div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,134,372 </div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Equity securities at fair value</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,639,948</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,639,948</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,517,830 </div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,517,830 </div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Loans and advances to customers and financial institutions, net</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">163,583,285</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">167,551,429</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">152,244,991</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">149,162,071</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Investment property</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,732,873</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,732,873</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,657,409</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,657,409</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Investments in associates </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,119,973</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,119,973</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">757,886</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">757,886</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Equity securities - Assets held for sale</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,486 </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,486</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">185,641,314</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">189,589,146</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">172,174,397 </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">169,065,597</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Liabilities</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Deposits by customers</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">142,128,471 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">142,860,996 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">131,959,215</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">132,779,730</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Interbank deposits</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,374,222</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,374,222</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,084,591</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,084,591</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Repurchase agreements and other similar secured borrowing</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,315,555</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,315,555</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,236,128</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,236,128</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Derivative financial instruments </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,295,070</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,295,070</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">945,853</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">945,853</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Borrowings from other financial institutions </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">16,337,964</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">16,337,964</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">13,822,152</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">13,822,152</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Preferred shares</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">583,997</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">602,597</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">582,985</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">662,999</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Debt instruments in issue</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">20,287,233</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">20,759,456</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">19,648,714</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">20,756,154</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">184,322,512 </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">185,545,860 </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">171,279,638</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">173,287,607</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-indent: -0.13in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">For further information, see classification under IFRS 9, as described in Note 32 impacts on application of new standards.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">It corresponds investments in associates P.A Viva Malls. See Note 7 investments in associates and joint ventures</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table presents for each of the fair-value hierarchy levels the Bank&#8217;s assets and liabilities that are measured at fair value on a recurring basis at December 31, 2018 and 2017:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table><div style="color: rgb(0, 0, 0); font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; text-align: justify; background: none;">&#160;<div style="letter-spacing: 0px; font-size: 10pt; background: none; text-decoration: none; top: 0px;;display:inline;">&#160;</div></div><table style="font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; width: 100%; border-collapse: collapse; border-spacing: 0px;"><tr><td colspan="9" style="border: 1pt solid black; padding-left: 6.25pt; text-align: center; line-height: 8pt; font-size: 8pt; padding-top: 0px; padding-bottom: 0px; white-space: nowrap;"><div style="font-weight:bold;display:inline;">Financial Assets</div></td></tr><tr><td rowspan="3" style="border-bottom: 1pt solid black; border-right: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-weight:bold;display:inline;">Type of instrument</div></td><td colspan="4" style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></td><td colspan="4" style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></td></tr><tr><td colspan="3" style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-weight:bold;display:inline;">Fair value hierarchy</div></td><td rowspan="2" style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-weight:bold;display:inline;">Total fair value</div></td><td colspan="3" style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-weight:bold;display:inline;">Fair value hierarchy</div></td><td rowspan="2" style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-weight:bold;display:inline;">Total fair value</div></td></tr><tr><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-weight:bold;display:inline;">Level 1</div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-weight:bold;display:inline;">Level 2</div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-weight:bold;display:inline;">Level 3</div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-weight:bold;display:inline;">Level 1</div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-weight:bold;display:inline;">Level 2</div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-weight:bold;display:inline;">Level 3</div></td></tr><tr><td colspan="9" style="border-bottom: 1pt solid black; border-right: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></td></tr><tr style="font-size: 8pt;"><td colspan="9" style="border-bottom: 1pt solid black; border-right: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Investment securities</div></div></div></td></tr><tr style="font-size: 8pt;"><td colspan="9" style="border-bottom: 1pt solid black; border-right: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Debt instruments at fair value through profit or loss</div></div></div></td></tr><tr style="font-size: 8pt;"><td style="border-left: 1pt solid black; width: 895.688px; padding: 0px 3.5pt; text-align: left; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="font-size: 8pt;;font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by the Colombian Government</div></div></td><td style="width: 104.688px; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">7,170,085</td><td style="width: 104.688px; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">72,083</td><td style="width: 103.688px; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="width: 140.688px; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">7,242,168</div></div></div></td><td style="width: 122.688px; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">6,013,860</td><td style="width: 103.688px; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">989,287</td><td style="width: 84.6875px; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="width: 140.688px; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">7,003,147</div></div></div></td></tr><tr style="font-size: 8pt;"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: justify; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="font-size: 8pt;;font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued or secured by government entities</div></div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;">24,588</td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;">12,851</td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;">6,407</td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px; font-size: 8pt;;display:inline;"><div style="font-weight:bold;display:inline;">43,846</div></div></div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;">9,186</td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;">26,852</td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px; font-size: 8pt;;display:inline;"><div style="font-weight:bold;display:inline;">36,038</div></div></div></td></tr><tr style="font-size: 8pt;"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: justify; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="font-size: 8pt;;font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by other financial institutions</div></div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;">115,234</td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;">338,992</td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;">206,950</td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">661,176</div></div></div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;">177,531</td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;">578,196</td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;">297,049</td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,052,776</div></div></div></td></tr><tr style="font-size: 8pt;"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: justify; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="font-size: 8pt;;font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by foreign governments</div></div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;">397,115</td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;">420,524</td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">817,639</div></div></div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;">1,196,963</td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;">1,275,031</td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,471,994</div></div></div></td></tr><tr style="font-size: 8pt;"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: justify; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="font-size: 8pt;;font-style:italic;display:inline;;font-style:italic;display:inline;">Corporate bonds</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">61,556</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">83,317</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">159</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">145,032</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">33,800</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">100,982</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">3,118</td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">137,900</div></div></div></td></tr><tr style="font-size: 8pt;"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: justify; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total debt instruments at fair value through profit or loss</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">7,768,578</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">927,767</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">213,516</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">8,909,861</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">7,431,340</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,970,348</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">300,167</div></div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">10,701,855</div></div></div></td></tr><tr style="font-size: 8pt;"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: justify; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Debt instruments at fair value through OCI<div style="vertical-align: super;font-size: smaller;display:inline;">(1)</div></div></div></div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt; background: none;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt; background: none;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt; background: none;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt; background: none;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt; background: none;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt; background: none;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt; background: none;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; background: none;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr style="font-size: 8pt;"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: justify; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="font-size: 8pt;;font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by other financial institutions</div></div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;">186,250</td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">186,250</div></div></div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="vertical-align: top; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td></tr><tr style="font-size: 8pt;"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: justify; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="font-size: 8pt;;font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by foreign governments</div></div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;">1,630,379</td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;">1,513,109</td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,143,488</div></div></div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="vertical-align: top; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td></tr><tr style="font-size: 8pt;"><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: justify; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total debt instruments at fair value through OCI</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,630,379</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,699,359</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-&#160;&#160;</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,329,738</div></div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; border-top: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td></tr><tr style="font-size: 8pt;"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: justify; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total debt instruments</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">9,398,957</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,627,126</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">213,516</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">12,239,599</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">7,431,340</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,970,348</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">300,167</div></div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">10,701,855</div></div></div></td></tr><tr style="font-size: 8pt;"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: justify; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Equity securities</div></div></div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt; background: none;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt; background: none;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt; background: none;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt; background: none;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt; background: none;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt; background: none;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt; background: none;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; background: none;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr style="font-size: 8pt;"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="font-size: 8pt;;font-style:italic;display:inline;;font-style:italic;display:inline;">Equity securities</div></div></td><td style="margin: 0px; font-family: &quot;times new roman&quot;; font-size: 8pt; border-bottom: 0.75pt solid black; text-align: right;"><div style="font-size:8pt;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">100,233</div></div></div></td><td style="margin: 0px; font-family: &quot;times new roman&quot;; font-size: 8pt; border-bottom: 0.75pt solid black; text-align: right;"><div style="font-size:8pt;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">115</div></div></div></td><td style="margin: 0px; font-family: &quot;times new roman&quot;; font-size: 8pt; border-bottom: 0.75pt solid black; text-align: right;"><div style="font-size:8pt;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">1,539,600</div></div></div></td><td style="margin: 0px; font-family: &quot;times new roman&quot;; font-size: 8pt; border-bottom: 0.75pt solid black; text-align: right;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">1,639,948</div></div></div></div></td><td style="margin: 0px; font-family: &quot;times new roman&quot;; font-size: 8pt; border-bottom: 0.75pt solid black; text-align: right;"><div style="font-size:8pt;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">145,250</div></div></div></td><td style="margin: 0px; font-family: &quot;times new roman&quot;; font-size: 8pt; border-bottom: 0.75pt solid black; text-align: right;"><div style="font-size:8pt;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">28,976</div></div></div></td><td style="margin: 0px; font-family: &quot;times new roman&quot;; font-size: 8pt; border-bottom: 0.75pt solid black; text-align: right;"><div style="font-size:8pt;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">1,343,604</div></div></div></td><td style="margin: 0px; font-family: &quot;times new roman&quot;; font-size: 8pt; border-bottom: 0.75pt solid black; text-align: right;"><div style="font-size:8pt;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">1,517,830</div></div></div></td></tr><tr style="font-size: 8pt;"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total equity securities</div></div></div></td><td style="margin: 0px; font-family: &quot;times new roman&quot;; font-size: 8pt; text-align: right;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">100,233</div></div></div></div></div></td><td style="margin: 0px; font-family: &quot;times new roman&quot;; font-size: 8pt; text-align: right;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">115</div></div></div></div></div></td><td style="margin: 0px; font-family: &quot;times new roman&quot;; font-size: 8pt; text-align: right;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">1,539,600</div></div></div></div></div></td><td style="margin: 0px; font-family: &quot;times new roman&quot;; font-size: 8pt; text-align: right;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">1,639,948</div></div></div></div></div></td><td style="margin: 0px; font-family: &quot;times new roman&quot;; font-size: 8pt; text-align: right;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">145,250</div></div></div></div></div></td><td style="margin: 0px; font-family: &quot;times new roman&quot;; font-size: 8pt; text-align: right;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">28,976</div></div></div></div></div></td><td style="margin: 0px; font-family: &quot;times new roman&quot;; font-size: 8pt; text-align: right;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">1,343,604</div></div></div></div></div></td><td style="margin: 0px; font-family: &quot;times new roman&quot;; font-size: 8pt; text-align: right;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; letter-spacing: 0px; top: 0px;;display:inline;">1,517,830</div></div></div></div></div></td></tr><tr style="font-size: 8pt;"><td colspan="9" style="border-right: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Derivative financial instruments</div></div></div></td></tr><tr style="font-size: 8pt;"><td colspan="9" style="border-right: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Forwards</div></div></div></td></tr><tr style="font-size: 8pt;"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="font-size: 8pt;;font-style:italic;display:inline;;font-style:italic;display:inline;">Foreign exchange contracts</div></div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-<div style="font-size:8pt;;display:inline;">&#160;</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">96,426</td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">197,919</td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">294,345</div></div></div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;">78,189</td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;">94,121</td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">172,310</div></div></div></td></tr><tr style="font-size: 8pt;"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: justify; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="font-size: 8pt;;font-style:italic;display:inline;;font-style:italic;display:inline;">Equity contracts</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-<div style="font-size:8pt;;display:inline;">&#160;</div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">968</td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">13</td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">981</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">357</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">15</td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">372</div></div></div></td></tr><tr style="font-size: 8pt;"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total forwards</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-&#160;</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">97,394</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">197,932</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">295,326</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">78,546</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">94,136</div></div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">172,682</div></div></div></td></tr><tr style="font-size: 8pt;"><td colspan="9" style="border-right: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Swaps</div></div></div></td></tr><tr style="font-size: 8pt;"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="font-size: 8pt;;font-style:italic;display:inline;;font-style:italic;display:inline;">Foreign exchange contracts</div></div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">1,053,684</td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">145,552</td><td style="vertical-align: top; padding: 0px 3.5pt; font-size: 8pt; text-align: right;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">1,199,236</div>&#160;&#160;&#160;</div></div></div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;">482,330</td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;">190,228</td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">672,558</div></div></div></td></tr><tr style="font-size: 8pt;"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: justify; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="font-size: 8pt;;font-style:italic;display:inline;;font-style:italic;display:inline;">Interest rate contracts</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">2,935</td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">198,697</td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">51,296</td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; font-size: 8pt; text-align: right;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">252,928</div>&#160;&#160;&#160;</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">8,171</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">220,027</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">45,939</td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">274,137</div></div></div></td></tr><tr style="font-size: 8pt;"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total swaps</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,935</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,252,381</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">196,848</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,452,164</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">8,171</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">702,357</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">236,167</div></div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">946,695</div></div></div></td></tr><tr style="font-size: 8pt;"><td colspan="9" style="border-right: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Options</div></div></div></td></tr><tr style="font-size: 8pt;"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="font-size: 8pt;;font-style:italic;display:inline;;font-style:italic;display:inline;">Foreign exchange contracts</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">6,707</td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">89,511</td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">96,218</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;">-</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">746</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">14,249</td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">14,995</div></div></div></td></tr><tr style="font-size: 8pt;"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total options</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">6,707</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">89,511</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">96,218</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">746</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">14,249</div></div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">14,995</div></div></div></td></tr><tr style="font-size: 8pt;"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total derivative financial instruments</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,935</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,356,482</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">484,291</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,843,708</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">8,171</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">781,649</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">344,552</div></div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,134,372</div></div></div></td></tr><tr style="font-size: 8pt;"><td colspan="9" style="border-right: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Investment properties</div></div></div></td></tr><tr style="font-size: 8pt;"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="font-size: 8pt;;font-style:italic;display:inline;;font-style:italic;display:inline;">Buildings</div></div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">1,483,594</td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,483,594</div></div></div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;">1,425,585</td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,425,585</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div>&#160;</div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px; background: none;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="color: rgb(0, 0, 0); font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px 0px 0px 0.5in; text-align: left; background: none;">&#160;</div><table style="font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; width: 100%; border-collapse: collapse; border-spacing: 0px;"><tr><td colspan="9" style="border: 1pt solid black; padding-left: 6.25pt; text-align: center; line-height: 8pt; font-size: 8pt; padding-top: 0px; padding-bottom: 0px; white-space: nowrap;"><div style="font-weight:bold;display:inline;">Financial Assets</div></td></tr><tr><td rowspan="3" style="border-bottom: 1pt solid black; border-right: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-weight:bold;display:inline;">Type of instrument</div></td><td colspan="4" style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></td><td colspan="4" style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></td></tr><tr><td colspan="3" style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-weight:bold;display:inline;">Fair value hierarchy</div></td><td rowspan="2" style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-weight:bold;display:inline;">Total fair value</div></td><td colspan="3" style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-weight:bold;display:inline;">Fair value hierarchy</div></td><td rowspan="2" style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-weight:bold;display:inline;">Total fair value</div></td></tr><tr><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-weight:bold;display:inline;">Level 1</div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-weight:bold;display:inline;">Level 2</div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-weight:bold;display:inline;">Level 3</div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-weight:bold;display:inline;">Level 1</div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-weight:bold;display:inline;">Level 2</div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-weight:bold;display:inline;">Level 3</div></td></tr><tr><td colspan="9" style="border-bottom: 1pt solid black; border-right: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></td></tr><tr style="font-size: 8pt;"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; width: 895.688px; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="font-size: 8pt;;font-style:italic;display:inline;;font-style:italic;display:inline;">Lands</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; width: 104.688px; font-size: 8pt;">-</td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; width: 104.688px; font-size: 8pt;">-</td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; width: 103.688px; font-size: 8pt;">249,279</td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; width: 140.688px; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">249,279</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; width: 122.688px; font-size: 8pt;">-</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; width: 103.688px; font-size: 8pt;">-</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; width: 84.6875px; font-size: 8pt;">231,824</td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; width: 140.688px; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">231,824</div></div></div></td></tr><tr style="font-size: 8pt;"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total investment properties</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,732,873</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,732,873</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,657,409</div></div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,657,409</div></div></div></td></tr><tr style="font-size: 8pt;"><td colspan="9" style="border-bottom: 1pt solid black; border-right: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Investment in associates</div></div></div></td></tr><tr style="font-size: 8pt;"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: left; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="font-size: 8pt;;font-style:italic;display:inline;;font-style:italic;display:inline;">PA Viva Malls</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">1,119,973</td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,119,973</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">757,886</td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">757,886</div></div></div></td></tr><tr style="font-size: 8pt;"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: left; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total investment in associates and joint ventures</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,119,973</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,119,973</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">757,886</div></div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">757,886</div></div></div></td></tr><tr style="font-size: 8pt;"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Equity securities - Assets held for sale</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; background: none;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; background: none;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; background: none;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; background: none;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; background: none;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; background: none;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; background: none;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; background: none;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr style="font-size: 8pt;"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="font-size: 8pt;;font-style:italic;display:inline;;font-style:italic;display:inline;">Assets held for sale</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">2,486</td><td style="border-bottom: 1pt solid black; vertical-align: top; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,486</div></div></div></td></tr><tr style="font-size: 8pt;"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total Equity securities - Assets held for sale</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,486</div></div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,486</div></div></div></td></tr><tr style="font-size: 8pt;"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: left; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">9,502,125</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,983,723</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5,090,253</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">18,576,101</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">7,584,761</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,780,973</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">4,406,104</div></div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">15,771,838</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> The following table sets forth information about significant unobservable inputs related to the Bank&#8217;s material categories of Level 3 financial assets and liabilities and the sensitivity of these fair values to reasonably possible alternative assumptions.<table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font:10pt 'times new roman', times, serif; letter-spacing:normal; orphans:2; text-indent:0px; text-transform:none; white-space:normal; widows:2; word-spacing:0px; -webkit-text-stroke-width:0px; text-decoration-style:initial; text-decoration-color:initial; margin:0px; text-align:justify; color:#0075c0"><div style="font-weight:bold;display:inline;">As of December 31, 2018</div></div><div style="color: rgb(0, 0, 0); font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; text-align: justify; background: none;">&#160;</div><div style="color: rgb(0, 0, 0); font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; text-align: justify; background: none;"></div><table style="font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; width: 100%; border-collapse: collapse; border-spacing: 0px;"><tr><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: center; width: 555.688px; font-size: 8pt; line-height: 8pt; white-space: nowrap;"><div style="font-weight:bold;display:inline;">Financial instrument</div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: center; width: 179.688px; font-size: 8pt; line-height: 8pt; white-space: nowrap;"><div style="font-weight:bold;display:inline;">Fair Value</div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; width: 179.688px; font-size: 8pt; line-height: 8pt; white-space: nowrap;"><div style="font: 8pt &quot;times new roman&quot;, times, serif; margin: 0pt 0px; text-align: center;"><div style="font-weight:bold;display:inline;">Valuation</div></div><div style="font:10pt 'times new roman', times, serif; margin:0pt 0px; text-align:center"><div style="font-weight:bold;display:inline;">technique</div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; width: 179.688px; font-size: 8pt; line-height: 8pt; white-space: nowrap;"><div style="font: 8pt &quot;times new roman&quot;, times, serif; margin: 0pt 0px; text-align: center;"><div style="font-weight:bold;display:inline;">Significant</div></div><div style="font:10pt 'times new roman', times, serif; margin:0pt 0px; text-align:center"><div style="font-weight:bold;display:inline;">unobservable input</div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; width: 179.688px; font-size: 8pt; line-height: 8pt; white-space: nowrap;"><div style="font: 8pt &quot;times new roman&quot;, times, serif; margin: 0pt 0px; text-align: center;"><div style="font-weight:bold;display:inline;">Range of</div></div><div style="font:10pt 'times new roman', times, serif; margin:0pt 0px; text-align:center"><div style="font-weight:bold;display:inline;">inputs</div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; width: 178.688px; font-size: 8pt; line-height: 8pt; white-space: nowrap;"><div style="font: 8pt &quot;times new roman&quot;, times, serif; margin: 0pt 0px; text-align: center;"><div style="font-weight:bold;display:inline;">Weighted</div></div><div style="font:10pt 'times new roman', times, serif; margin:0pt 0px; text-align:center"><div style="font-weight:bold;display:inline;">average</div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; width: 178.688px; font-size: 8pt; line-height: 8pt; white-space: nowrap;"><div style="font: 8pt &quot;times new roman&quot;, times, serif; margin: 0pt 0px; text-align: center;"><div style="font-weight:bold;display:inline;">Sensitivity</div></div><div style="font:10pt 'times new roman', times, serif; margin:0pt 0px; text-align:center"><div style="font-weight:bold;display:inline;">100</div></div><div style="font:10pt 'times new roman', times, serif; margin:0pt 0px; text-align:center"><div style="font-weight:bold;display:inline;">basis point</div></div><div style="font:10pt 'times new roman', times, serif; margin:0pt 0px; text-align:center"><div style="font-weight:bold;display:inline;">increase</div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; width: 178.688px; font-size: 8pt; line-height: 8pt; white-space: nowrap;"><div style="font: 8pt &quot;times new roman&quot;, times, serif; margin: 0pt 0px; text-align: center;"><div style="font-weight:bold;display:inline;">Sensitivity</div><br/><div style="font-weight:bold;display:inline;">100</div></div><div style="font:10pt 'times new roman', times, serif; margin:0pt 0px; text-align:center"><div style="font-weight:bold;display:inline;">basis point</div></div><div style="font:10pt 'times new roman', times, serif; margin:0pt 0px; text-align:center"><div style="font-weight:bold;display:inline;">decrease</div></div></td></tr><tr><td colspan="8" style="border-bottom: 1pt solid black; border-right: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: center; font-size: 8pt; line-height: 8pt;"><div style="color:#0070c0;;display:inline;"><div style="font-weight:bold;display:inline;">Amounts in millions of COP</div></div></td></tr><tr><td colspan="8" style="border-bottom: 1pt solid black; border-right: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; font-size: 8pt; line-height: 8pt;"><div style="color:#0070c0;;display:inline;"><div style="font-weight:bold;display:inline;">Debt instruments</div></div></td></tr><tr><td colspan="8" style="border-left: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; font-size: 8pt; line-height: 8pt;"><div style="color:#0070c0;;display:inline;"><div style="font-weight:bold;display:inline;">Securities issued by other financial institutions</div></div></td></tr><tr><td style="border-left: 1pt solid black; padding: 0px 3.5pt; font-size: 8pt; line-height: 8pt; background: none;">&#160;</td><td style="vertical-align: bottom; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: center; font-size: 8pt; line-height: 8pt; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: center; font-size: 8pt; line-height: 8pt;">Yield</td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">0.16% to 0.90%</div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">0.69%</div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">160,056</div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">168,000</div></td></tr><tr><td style="border-left: 1pt solid black; padding: 0px 3.5pt; font-size: 8pt; line-height: 8pt;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">TIPS</div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;">164,401</td><td style="padding: 0px 3.5pt; text-align: center; font-size: 8pt; line-height: 8pt;">Discounted cash</td><td style="padding: 0px 3.5pt; text-align: center; font-size: 8pt; line-height: 8pt;">Liquidity risk</td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">0% to 9.38%</div></td><td style="padding: 0px 3.5pt; 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padding: 0px 3.5pt; font-size: 8pt; line-height: 8pt; background: none;">&#160;</td><td style="vertical-align: bottom; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: center; font-size: 8pt; line-height: 8pt; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: center; font-size: 8pt; line-height: 8pt;">Liquidity risk</td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;2.80% to 3.48%</div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">3.04%</div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">33,142</div></td><td style="border-right: 1pt solid black; 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padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;"><div style="color:#0070c0;;display:inline;"><div style="font-weight:bold;display:inline;">206,950</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: center; font-size: 8pt; line-height: 8pt; background: none;"><div style="color:#0070c0;;display:inline;">&#160;</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: center; font-size: 8pt; line-height: 8pt; background: none;"><div style="color:#0070c0;;display:inline;">&#160;</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt; background: none;"><div style="color:#0070c0;;display:inline;">&#160;</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt; background: none;"><div style="color:#0070c0;;display:inline;">&#160;</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt; background: none;"><div style="color:#0070c0;;display:inline;">&#160;</div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt; background: none;"><div style="color:#0070c0;;display:inline;">&#160;</div></td></tr><tr><td colspan="3" style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; font-size: 8pt; line-height: 8pt;"><div style="color:#0070c0;;display:inline;"><div style="font-weight:bold;display:inline;">Securities issued by foreign governments</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: center; font-size: 8pt; line-height: 8pt; background: none;"><div style="color:#0070c0;;display:inline;">&#160;</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt; background: none;"><div style="color:#0070c0;;display:inline;">&#160;</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt; background: none;"><div style="color:#0070c0;;display:inline;">&#160;</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt; background: none;"><div style="color:#0070c0;;display:inline;">&#160;</div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt; background: none;"><div style="color:#0070c0;;display:inline;">&#160;</div></td></tr><tr><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; font-size: 8pt; line-height: 8pt;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Governments bonds</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;">6,407</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; 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border-left: 1pt solid black; padding: 0px 3.5pt; font-size: 8pt; line-height: 8pt;"><div style="color:#0070c0;;display:inline;"><div style="font-weight:bold;display:inline;">Securities issued by foreign governments</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;"><div style="color:#0070c0;;display:inline;"><div style="font-weight:bold;display:inline;">6,407</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: center; font-size: 8pt; line-height: 8pt; background: none;"><div style="color:#0070c0;;display:inline;">&#160;</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: center; font-size: 8pt; line-height: 8pt; background: none;"><div style="color:#0070c0;;display:inline;">&#160;</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt; background: none;"><div style="color:#0070c0;;display:inline;">&#160;</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt; background: none;"><div style="color:#0070c0;;display:inline;">&#160;</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt; background: none;"><div style="color:#0070c0;;display:inline;">&#160;</div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt; background: none;"><div style="color:#0070c0;;display:inline;">&#160;</div></td></tr><tr><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; font-size: 8pt; line-height: 8pt;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Corporate bonds</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;">159</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: center; font-size: 8pt; line-height: 8pt;">Discounted cash flow</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: center; font-size: 8pt; line-height: 8pt;">Yield</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;">0.27%</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;">0.27%</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;">159</td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;">160</td></tr><tr><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; font-size: 8pt; line-height: 8pt;"><div style="color:#0070c0;;display:inline;"><div style="font-weight:bold;display:inline;">Total debt instruments</div></div></td><td style="border-bottom: 1pt solid black; 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padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt; background: none;"><div style="color:#0070c0;;display:inline;">&#160;</div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt; background: none;"><div style="color:#0070c0;;display:inline;">&#160;</div></td></tr><tr><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; font-size: 8pt; line-height: 8pt;"><div style="color:#0070c0;;display:inline;"><div style="font-weight:bold;display:inline;">Equity securities</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt; background: none;"><div style="color:#0070c0;;display:inline;">&#160;</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: center; font-size: 8pt; line-height: 8pt; background: none;"><div style="color:#0070c0;;display:inline;">&#160;</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: center; font-size: 8pt; line-height: 8pt; background: none;"><div style="color:#0070c0;;display:inline;">&#160;</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt; background: none;"><div style="color:#0070c0;;display:inline;">&#160;</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt; background: none;"><div style="color:#0070c0;;display:inline;">&#160;</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt; background: none;"><div style="color:#0070c0;;display:inline;">&#160;</div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt; background: none;"><div style="color:#0070c0;;display:inline;">&#160;</div></td></tr><tr><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; font-size: 8pt; line-height: 8pt;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Equity securities</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;">1,539,600</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: center; font-size: 8pt; line-height: 8pt;">Price-based</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: center; font-size: 8pt; line-height: 8pt;">Price</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;">n/a</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;">n/a</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;">n/a</td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;">n/a</td></tr><tr><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; font-size: 8pt; line-height: 8pt;"><div style="color:#0070c0;;display:inline;"><div style="font-weight:bold;display:inline;">Derivative financial instruments</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt; background: none;"><div style="color:#0070c0;;display:inline;">&#160;</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: center; font-size: 8pt; line-height: 8pt; background: none;"><div style="color:#0070c0;;display:inline;">&#160;</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: center; font-size: 8pt; line-height: 8pt; background: none;"><div style="color:#0070c0;;display:inline;">&#160;</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt; background: none;"><div style="color:#0070c0;;display:inline;">&#160;</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt; background: none;"><div style="color:#0070c0;;display:inline;">&#160;</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt; background: none;"><div style="color:#0070c0;;display:inline;">&#160;</div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt; background: none;"><div style="color:#0070c0;;display:inline;">&#160;</div></td></tr><tr><td style="border-left: 1pt solid black; padding: 0px 3.5pt; font-size: 8pt; line-height: 8pt;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Forward</div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">141,501</div></td><td style="padding: 0px 3.5pt; text-align: center; font-size: 8pt; line-height: 8pt;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Discounted cash flow</div></td><td style="padding: 0px 3.5pt; text-align: center; font-size: 8pt; line-height: 8pt;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Credit spread</div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">0% to 21.55%</div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">2.96%</div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">140,844</div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">155,113</div></td></tr><tr><td style="border-left: 1pt solid black; padding: 0px 3.5pt; font-size: 8pt; line-height: 8pt;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Swaps</div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">144,383</div></td><td style="padding: 0px 3.5pt; text-align: center; font-size: 8pt; line-height: 8pt;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Discounted cash flow</div></td><td style="padding: 0px 3.5pt; text-align: center; font-size: 8pt; line-height: 8pt;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Credit spread</div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">0% to 54.30%</div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">2.58%</div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">139,506</div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">136,941</div></td></tr><tr><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; font-size: 8pt; line-height: 8pt;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Options</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">89,511</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: center; font-size: 8pt; line-height: 8pt;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Black-Scholes</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: center; font-size: 8pt; line-height: 8pt;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Credit spread</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">0% to 18.81%</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">0.77%</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">88,834</div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">89,876</div></td></tr><tr><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; font-size: 8pt; line-height: 8pt;"><div style="color:#0070c0;;display:inline;"><div style="font-weight:bold;display:inline;">Investment in associates</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;"><div style="color:#0070c0;;display:inline;"><div style="font-weight:bold;display:inline;">375,395</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: center; font-size: 8pt; line-height: 8pt; background: none;"><div style="color:#0070c0;;display:inline;">&#160;</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: center; font-size: 8pt; line-height: 8pt; background: none;"><div style="color:#0070c0;;display:inline;">&#160;</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt; background: none;"><div style="color:#0070c0;;display:inline;">&#160;</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt; background: none;"><div style="color:#0070c0;;display:inline;">&#160;</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt; background: none;"><div style="color:#0070c0;;display:inline;">&#160;</div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt; background: none;"><div style="color:#0070c0;;display:inline;">&#160;</div></td></tr><tr><td style="border-left: 1pt solid black; padding: 0px 3.5pt; font-size: 8pt; line-height: 8pt;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">P.A Viva Malls</div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;">1,119,973</td><td style="padding: 0px 3.5pt; text-align: center; font-size: 8pt; line-height: 8pt;">Price-based</td><td style="padding: 0px 3.5pt; text-align: center; font-size: 8pt; line-height: 8pt;">Price</td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;">n/a</td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;">n/a</td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;">n/a</td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;">n/a</td></tr><tr><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; font-size: 8pt; line-height: 8pt;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Assets held for sale</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;">-</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: center; font-size: 8pt; line-height: 8pt;">n/a</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: center; font-size: 8pt; line-height: 8pt;">n/a</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;">n/a</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;">n/a</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;">n/a</td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; line-height: 8pt;">n/a</td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px; background: none;"></div><div style="color: rgb(0, 0, 0); font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; text-align: justify; background: none;"></div><div style="color: rgb(0, 0, 0); font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; text-align: justify; background: none;"></div><div style="font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; text-align: justify; color: rgb(0, 117, 192); background: none;">&#160;</div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2017</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 30.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Financial instrument</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 10.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair Value</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 10.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Valuation </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">technique</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 10.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Significant </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">unobservable input</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 10.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Range of </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">inputs</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 10.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Weighted </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">average</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 10.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Sensitivity </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">100</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">basis point</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">increase</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 10.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Sensitivity</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">100</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">basis point</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">decrease</div></div></div></td></tr><tr><td colspan="8" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Amounts in millions of COP</div></div></div></td></tr><tr><td colspan="8" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Debt instruments</div></div></div></td></tr><tr><td colspan="8" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Securities issued by other financial institutions </div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: center; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Yield</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">0.43% to 10.35%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">0.63%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">225,867</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">235,382</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">TIPS</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">236,236</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Discounted cash flow</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Liquidity risk</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Premium</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">0% to 10.35%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">4.48%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">226,007</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">235,228</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 30.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Financial instrument</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 10.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair Value</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 10.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Valuation </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">technique</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 10.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Significant </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">unobservable input</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 10.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Range of </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">inputs</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 10.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Weighted </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">average</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 10.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Sensitivity </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">100</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">basis point</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">increase</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 10.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Sensitivity</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">100</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">basis point</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">decrease</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: center; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Prepayment</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Speed</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">n/a</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">n/a</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">231,087</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">230,152</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Other bonds</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">41,776</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Discounted cash flow</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Yield</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(0.11%) to 0.76%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">0.81%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">35,305</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">38,282</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securitizations</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">10,919</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Discounted cash flow</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Yield</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2.24% to (3.43%)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(1.19%)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">10,825</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">11,014</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Time deposit</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">8,118</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Discounted cash flow</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Yield</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1.77% to 1.86%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1.81%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">8,056</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">8,184</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Securities issued by other financial institutions</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">297,049</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: center; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: center; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Corporate bonds</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">3,118</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Discounted cash flow</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Yield</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(0.11%) to 0.76%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">0.81%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">3,292</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2,985</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total debt instruments</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">300,167</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: center; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: center; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Equity securities</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: center; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: center; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Equity securities</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,343,604</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Price-based</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Price</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">n/a</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">n/a</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">n/a</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">n/a</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Derivative financial instruments</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: center; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: center; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Options</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">14,249</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Black-Scholes</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Recovery rate</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">0.06% to 23.75%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">4.99%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">14,142</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">14,280</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Forward</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">73,069</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Discounted cash flow</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Credit spread</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">0% to 16.54%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2.41%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">72,886</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">73,263</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Swaps</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">176,499</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Discounted cash flow</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Credit spread</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">0% to 21.31%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1.95%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">170,701</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">182,343</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Investment in associates</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: center; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: center; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">P.A Viva Malls</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">757,886</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Price-based</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Price</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">n/a</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">n/a</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">n/a</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">n/a</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Equity securities - Assets held for sale</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: center; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: center; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Assets held for sale</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2,486</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; 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font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">n/a</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">n/a</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">n/a</div></div></td></tr></table><div style="clear: both; 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letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td></tr><tr style="background-color:white"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Debt instruments at fair value though profit or loss</div></div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="vertical-align: top; padding-left: 3pt; text-align: right; line-height: 8pt; font-size: 8pt; padding-top: 0px; padding-bottom: 0px; background: none;">&#160;</td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="vertical-align: top; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td></tr><tr style="background-color:white"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; 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padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;&#160;206,950</div></td></tr><tr style="background-color:white"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Corporate bonds</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">3,118</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(3,983)</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;-</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;4,159</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;(2,518)</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-&#160;&#160;&#160;</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-&#160;&#160;&#160;</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;(617)</div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;159</div></td></tr><tr style="background-color:white"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">300,167</div></div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(58,525)</div></div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-</div></div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">34,691</div></div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(66,532)</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">10,365</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(6,650)</div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">213,516</div></div></td></tr><tr style="background-color:white"><td style="border-top: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Derivative financial instruments</div></div></td><td style="border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-top: 1pt solid black; padding-left: 3pt; text-align: right; line-height: 8pt; font-size: 8pt; padding-top: 0px; padding-bottom: 0px; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td></tr><tr style="background-color:white"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Foreign exchange contracts</div></div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">232,012</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">25,016</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;230,869</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;(107,890)</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-&#160;&#160;&#160;</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(40,898)</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;(9,108)</div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;330,001</div></td></tr><tr style="background-color:white"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Interest rate contracts</div></div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">32,305</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(13,320)</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;17,561</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;(9,152)</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-&#160;&#160;&#160;</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;19,106</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;(859)</div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;45,641</div></td></tr><tr style="background-color:white"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Equity contracts</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(500)</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;-&#160;&#160;&#160;</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;(247)</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;500</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-&#160;&#160;&#160;</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;-&#160;&#160;&#160;</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;-&#160;&#160;&#160;</div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;(247)</div></td></tr><tr style="background-color:white"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">263,817</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">11,696</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">248,183</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;(116,542)</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(21,792)</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(9,967)</div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">375,395</div></div></td></tr><tr style="background-color:white"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Equity securities</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-bottom: 1pt solid black; padding-left: 3pt; text-align: right; line-height: 8pt; font-size: 8pt; padding-top: 0px; padding-bottom: 0px; background: none;">&#160;</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td></tr><tr style="background-color:white"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Equity securities</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,343,604</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">131,446</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">38,648</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">41,459</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(15,557)</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-&#160;&#160;&#160;</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-&#160;&#160;&#160;</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-&#160;&#160;&#160;</div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,539,600</div></td></tr><tr style="background-color:white"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,343,604</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">131,446</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">38,648</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">41,459</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(15,557)</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,539,600</div></div></td></tr><tr style="background-color:white"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Investment in associates</div></div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="padding-left: 3pt; text-align: right; line-height: 8pt; font-size: 8pt; padding-top: 0px; padding-bottom: 0px; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td></tr><tr style="background-color:white"><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">PA Viva Malls</div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">757,886</div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">87,136</div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-&#160;&#160;&#160;</div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">274,951</div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-&#160;&#160;&#160;</div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-&#160;&#160;&#160;</div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-&#160;&#160;&#160;</div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-&#160;&#160;&#160;</div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,119,973</div></td></tr><tr style="background-color:white"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">757,886</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">87,136</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">274,951</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,119,973</div></div></td></tr><tr style="background-color:white"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Equity securities - Assets held for sale</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-bottom: 1pt solid black; padding-left: 3pt; text-align: right; line-height: 8pt; font-size: 8pt; padding-top: 0px; padding-bottom: 0px; background: none;">&#160;</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td></tr><tr style="background-color:white"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Assets held for sale</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2,486</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-&#160;&#160;&#160;</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-&#160;&#160;&#160;</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-&#160;&#160;&#160;</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,486)</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-&#160;&#160;&#160;</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-&#160;&#160;&#160;</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-&#160;&#160;&#160;</div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-&#160;&#160;&#160;</div></td></tr><tr style="background-color:white"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,486</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(2,486)</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px; background: none;"></div><div style="font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; text-align: justify; color: rgb(0, 117, 192); background: none;"><div style="text-decoration: none; background: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font:10pt 'times new roman', times, serif; letter-spacing:normal; orphans:2; text-indent:0px; text-transform:none; white-space:normal; widows:2; word-spacing:0px; -webkit-text-stroke-width:0px; text-decoration-style:initial; text-decoration-color:initial; margin:0px; text-align:justify; color:#0075c0"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2017</div></div></div><div style="color: rgb(0, 0, 0); font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; text-align: justify; background: none;"><div style="text-decoration: none; background: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><table style="font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; width: 100%; border-collapse: collapse; border-spacing: 0px;"><tr style="background-color:white"><td style="border: 1pt solid black; vertical-align: bottom; width: 687.688px; padding: 0px 3.5pt; font-size: 8pt; line-height: 8pt; white-space: nowrap; background: none;">&#160;</td><td style="border-bottom: 1pt solid black; width: 122.688px; border-top: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; font-size: 8pt; line-height: 8pt; white-space: nowrap;"><div style="font: 8pt &quot;times new roman&quot;, times, serif; margin: 0px; text-align: center;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Balance,</div></div></div><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:center"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">January 1,</div></div></div><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:center"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: 1pt solid black; width: 103.688px; border-top: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; font-size: 8pt; line-height: 8pt; white-space: nowrap;"><div style="font: 8pt &quot;times new roman&quot;, times, serif; margin: 0px; text-align: center;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Included</div></div></div><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:center"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">in</div></div></div><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:center"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">earnings</div></div></div></td><td style="border-bottom: 1pt solid black; width: 83.6875px; border-top: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">OCI</div></div></td><td style="border-bottom: 1pt solid black; width: 177.688px; border-top: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; font-size: 8pt; line-height: 8pt; white-space: nowrap;"><div style="font: 8pt &quot;times new roman&quot;, times, serif; margin: 0px; text-align: center;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Purchases /</div></div></div><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:center"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">reclassifications</div></div></div></td><td style="border-bottom: 1pt solid black; width: 121.688px; border-top: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Settlement</div></div></td><td style="border-bottom: 1pt solid black; width: 102.688px; border-top: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Prepaids</div></div></td><td style="border-bottom: 1pt solid black; width: 102.688px; border-top: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; font-size: 8pt; line-height: 8pt; white-space: nowrap;"><div style="font: 8pt &quot;times new roman&quot;, times, serif; margin: 0px; text-align: center;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Transfers</div></div></div><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:center"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">in to</div></div></div><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:center"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Level 3</div></div></div></td><td style="border-bottom: 1pt solid black; width: 121.688px; border-top: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; font-size: 8pt; line-height: 8pt; white-space: nowrap;"><div style="font: 8pt &quot;times new roman&quot;, times, serif; margin: 0px; text-align: center;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Transfers</div></div></div><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:center"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">out of</div></div></div><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:center"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Level 3</div></div></div></td><td style="border-bottom: 1pt solid black; width: 158.688px; border-top: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; font-size: 8pt; line-height: 8pt; white-space: nowrap;"><div style="font: 8pt &quot;times new roman&quot;, times, serif; margin: 0px; text-align: center;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Balance,</div></div></div><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:center"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31,</div></div></div><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:center"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td></tr><tr style="background-color:white"><td colspan="10" style="border-bottom: 1pt solid black; border-right: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></td></tr><tr style="background-color:white"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Debt instruments at fair value</div></div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td></tr><tr style="background-color:white"><td style="border-left: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued or secured by other financial entities</div></div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">405,099</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(70,416)</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">52,316</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(58,999)</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(30,951)</div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">297,049</div></td></tr><tr style="background-color:white"><td style="border-left: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Corporate bonds</div></div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">14,929</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(4,211)</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">5,999</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(10,869)</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(72)</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,658)</div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">3,118</div></td></tr><tr style="background-color:white"><td style="border-top: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total&#160;&#160;</div></div></td><td style="border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">420,028</div></div></td><td style="border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(74,627)</div></div></td><td style="border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">58,315</div></div></td><td style="border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(69,868)</div></div></td><td style="border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(72)</div></div></td><td style="border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(33,609)</div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">300,167</div></div></td></tr><tr style="background-color:white"><td style="border-top: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Derivative financial instruments</div></div></td><td style="border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td></tr><tr style="background-color:white"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Foreign exchange contracts</div></div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">378,385</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">353</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">231,260</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(378,053)</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">103</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(36)</div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">232,012</div></td></tr><tr style="background-color:white"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Interest rate contracts</div></div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">17,596</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">34,067</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(17,596)</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,762)</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">32,305</div></td></tr><tr style="background-color:white"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Equity contracts</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">337</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(500)</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(337)</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(500)</div></td></tr><tr style="background-color:white"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total&#160;&#160;</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">396,318</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">353</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">264,827</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(395,986)</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(1,659)</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(36)</div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">263,817</div></div></td></tr><tr style="background-color:white"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Equity securities</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td></tr><tr style="background-color:white"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Equity securities</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,178,678</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">107,848</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">26,736</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">116,743</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(41,948)</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">6,950</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(51,403)</div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,343,604</div></td></tr><tr style="background-color:white"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Total</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,178,678</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">107,848</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">26,736</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">116,743</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(41,948)</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">6,950</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(51,403)</div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,343,604</div></div></td></tr><tr style="background-color:white"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Investment in associates</div></div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td></tr><tr style="background-color:white"><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">PA Viva Malls</div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">388,595</div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">108,868</div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">262,918</div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,495)</div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">757,886</div></td></tr><tr style="background-color:white"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">388,595</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">108,868</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">262,918</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(2,495)</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">757,886</div></div></td></tr><tr style="background-color:white"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Equity securities - Assets held for sale</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td></tr><tr style="background-color:white"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Assets held for sale</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,345</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,141</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2,486</div></td></tr><tr style="background-color:white"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,345</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,141</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,486</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <table style="font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; width: 100%; border-collapse: collapse; border-spacing: 0px;"><tr><td rowspan="3" style="border: 1pt solid black; padding: 0px 3.5pt; font-size: 8pt; line-height: 8pt; white-space: nowrap; background: none;">&#160;</td><td colspan="4" style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></td><td colspan="4" style="border-bottom: 1pt solid black; border-top: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></td></tr><tr><td colspan="3" style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair-value hierarchy</div></div></td><td rowspan="2" style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; font-size: 8pt; line-height: 8pt; white-space: nowrap;"><div style="font: 8pt &quot;times new roman&quot;, times, serif; margin: 0px; text-align: center;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total fair&#160;Value</div></div></div></td><td colspan="3" style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair-value hierarchy</div></div></td><td rowspan="2" style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; font-size: 8pt; line-height: 8pt; white-space: nowrap;"><div style="font: 8pt &quot;times new roman&quot;, times, serif; margin: 0px; text-align: center;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total fair&#160;Value</div></div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Level 1</div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Level 2</div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Level 3</div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Level 1</div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Level 2</div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Level 3</div></div></td></tr><tr><td colspan="9" style="border-bottom: 1pt solid black; border-right: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></td></tr><tr><td style="border-bottom: 1pt solid black; vertical-align: bottom; width: 536.688px; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Investment in Associates - TUYA</div></div></td><td style="border-bottom: 1pt solid black; width: 141.688px; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="border-bottom: 1pt solid black; width: 141.688px; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="border-bottom: 1pt solid black; width: 160.688px; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">561,285</div></td><td style="border-bottom: 1pt solid black; width: 198.688px; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">561,285</div></div></td><td style="border-bottom: 1pt solid black; width: 141.688px; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="border-bottom: 1pt solid black; width: 160.688px; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="border-bottom: 1pt solid black; width: 159.688px; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">225,548</div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; width: 159.688px; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">225,548</div></div></td></tr><tr><td style="border-bottom: 1pt solid black; vertical-align: top; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">561,285</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">561,285</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">225,548</div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">225,548</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank measures certain foreclosed assets held for sale based on fair value less costs to sell. The fair values were determined using external and internal valuation techniques or third party experts, depending on the type of underlying asset. The following breakdown sets forth the fair value hierarchy of those assets classified by type:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div><div style="text-decoration: none; background: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table style="font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; width: 100%; border-collapse: collapse; border-spacing: 0px;"><tr><td rowspan="3" style="border: 1pt solid black; padding: 0px 3.5pt; font-size: 8pt; line-height: 8pt; white-space: nowrap; background: none;">&#160;</td><td colspan="4" style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></td><td colspan="4" style="border-bottom: 1pt solid black; border-top: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></td></tr><tr><td colspan="3" style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair-value hierarchy</div></div></td><td rowspan="2" style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; font-size: 8pt; line-height: 8pt; white-space: nowrap;"><div style="font: 8pt &quot;times new roman&quot;, times, serif; margin: 0px; text-align: center;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total fair&#160;Value</div></div></div></td><td colspan="3" style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair-value hierarchy</div></div></td><td rowspan="2" style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; font-size: 8pt; line-height: 8pt; white-space: nowrap;"><div style="font: 8pt &quot;times new roman&quot;, times, serif; margin: 0px; text-align: center;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total fair&#160;Value</div></div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Level 1</div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Level 2</div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Level 3</div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Level 1</div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Level 2</div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Level 3</div></div></td></tr><tr><td colspan="9" style="border-bottom: 1pt solid black; border-right: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></td></tr><tr><td style="vertical-align: top; width: 499.688px; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Machinery and equipment</div></div></td><td style="vertical-align: bottom; width: 179.688px; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="vertical-align: bottom; width: 160.688px; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="vertical-align: bottom; width: 160.688px; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">5,556</div></td><td style="width: 179.688px; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5,556</div></div></td><td style="width: 141.688px; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="width: 159.688px; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="width: 159.688px; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">11,500</div></td><td style="border-right: 1pt solid black; width: 159.688px; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">11,500</div></div></td></tr><tr><td style="vertical-align: top; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Real estate for residential purposes</div></div></td><td style="vertical-align: bottom; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="vertical-align: bottom; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="vertical-align: bottom; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">92,052</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">92,052</div></div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">23,854</div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">23,854</div></div></td></tr><tr><td style="vertical-align: top; border-left: 1pt solid black; padding: 0px 3.5pt; font-size: 8pt; line-height: 8pt;"><div style="font: 8pt &quot;times new roman&quot;, times, serif; margin: 0px; text-align: left;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Real estate different from</div></div></div><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:left"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">residential properties</div></div></div></td><td style="vertical-align: bottom; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="vertical-align: bottom; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="vertical-align: bottom; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">24,076</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">24,076</div></div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,402</div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,402</div></div></td></tr><tr><td style="vertical-align: top; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Collateralized loans&#160;<div style="vertical-align: super;font-size: smaller;display:inline;">(1)</div></div></td><td style="vertical-align: bottom; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="vertical-align: bottom; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="vertical-align: bottom; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="vertical-align: bottom; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">5,417,875</div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">5,417,875</div></td></tr><tr><td style="border-bottom: 1pt solid black; vertical-align: top; border-top: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">121,684</div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">121,684</div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5,454,631</div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5,454,631</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px; background: none;"></div><div style="color: rgb(0, 0, 0); font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; text-align: left; background: none;"><div style="text-decoration: none; background: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="color:#000000; font:10pt 'times new roman', times, serif; letter-spacing:normal; orphans:2; text-indent:0px; text-transform:none; white-space:normal; widows:2; word-spacing:0px; -webkit-text-stroke-width:0px; text-decoration-style:initial; text-decoration-color:initial; margin:0px; text-align:left"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">(1)&#160;</div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">From January 1, 2018 onwards, the disclosure of collateralized loans is no longer required, due to the adoption of IFRS 9</div></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table presents for each of the fair-value hierarchy levels the Bank&#8217;s assets and liabilities that are not measured at fair value in the statement of financial position but for which the fair value is disclosed at December 31, 2018 and 2017:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div><div style="background: none; letter-spacing: 0px; font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; text-decoration: none; top: 0px;;display:inline;">&#160;</div></div><table style="font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; width: 100%; border-collapse: collapse; border-spacing: 0px;"><tr><td colspan="9" style="border: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assets</div></div></td></tr><tr><td rowspan="3" style="border-bottom: 1pt solid black; border-right: 1pt solid black; border-left: 1pt solid black; padding-left: 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; padding-top: 0px; padding-bottom: 0px; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Type of instrument</div></div></td><td colspan="4" style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></td><td colspan="4" style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></td></tr><tr><td colspan="3" style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair value hierarchy</div></div></td><td rowspan="2" style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total fair value</div></div></td><td colspan="3" style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair value hierarchy</div></div></td><td rowspan="2" style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total fair value</div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Level 1</div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Level 2</div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Level 3</div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Level 1</div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Level 2</div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Level 3</div></div></td></tr><tr><td colspan="9" style="border-bottom: 1pt solid black; border-right: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></td></tr><tr><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Debt instruments</div></div></td><td colspan="8" style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt; background: none;">&#160;</td></tr><tr><td style="border-left: 1pt solid black; width: 631.688px; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by the Colombian Government</div></div></td><td style="width: 123.688px; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">36,847</div></td><td style="width: 141.688px; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">13,424</div></td><td style="width: 141.688px; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="width: 141.688px; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">50,271</div></div></td><td style="width: 141.688px; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="width: 178.688px; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">12,967</div></td><td style="width: 159.688px; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="width: 140.688px; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">12,967</div></div></td></tr><tr><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued or secured by government entities</div></div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">17,744</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">386,396</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,449,333</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,853,473</div></div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">17,204</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">528,395</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,350,175</div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,895,774</div></div></td></tr><tr><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: justify; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by other financial institutions</div></div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">107,959</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">23,375</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">12,326</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">143,660</div></div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">194,606</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">21,871</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">12,007</div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">228,484</div></div></td></tr><tr><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: justify; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities issued by foreign governments</div></div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">130,913</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">141,652</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">272,565</div></div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">748,060</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">302,795</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,050,855</div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: justify; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Corporate bonds</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">259,904</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">53,395</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">828,348</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,141,647</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">231,601</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">49,694</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">662,313</div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">943,608</div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total &#8211; Debt instruments</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">553,367</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">618,242</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,290,007</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,461,616</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,191,471</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">915,722</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,024,495</div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">4,131,688</div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Loans and advances to customers and financial institutions, net</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">167,551,429</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">167,551,429</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">149,162,071</div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">149,162,071</div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">553,367</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">618,242</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">169,841,436</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">171,013,045</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,191,471</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">915,722</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">151,186,566</div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">153,293,759</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px; background: none;"></div><div style="color: rgb(0, 0, 0); font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; text-align: left; background: none;"><div style="text-decoration: none; background: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><table style="font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; width: 100%; border-collapse: collapse; border-spacing: 0px;"><tr><td colspan="9" style="border: 1pt solid black; padding-left: 3.5pt; text-indent: 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; padding-top: 0px; padding-bottom: 0px; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Liabilities</div></div></td></tr><tr><td rowspan="3" style="border-bottom: 1pt solid black; border-right: 1pt solid black; border-left: 1pt solid black; padding-left: 3.55pt; text-indent: -3.55pt; text-align: center; line-height: 8pt; font-size: 8pt; padding-top: 0px; padding-bottom: 0px; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Type of instruments</div></div></td><td colspan="4" style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></td><td colspan="4" style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></td></tr><tr><td colspan="3" style="border-bottom: 1pt solid black; vertical-align: top; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair value hierarchy</div></div></td><td rowspan="2" style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total fair value</div></div></td><td colspan="3" style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair value hierarchy</div></div></td><td rowspan="2" style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total fair value</div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Level 1</div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Level 2</div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Level 3</div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Level 1</div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Level 2</div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Level 3</div></div></td></tr><tr><td colspan="9" style="border-bottom: 1pt solid black; border-right: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></td></tr><tr><td style="border-left: 1pt solid black; width: 631.688px; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Deposits by customers</div></div></td><td style="vertical-align: top; width: 123.688px; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="width: 141.688px; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(30,490,414)&#160;&#160;</div></td><td style="width: 141.688px; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(112,370,582)&#160;</div></td><td style="width: 141.688px; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(142,860,996)</div></div></td><td style="width: 141.688px; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="width: 178.688px; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(30,440,868)</div></td><td style="width: 159.688px; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(102,338,862)</div></td><td style="width: 140.688px; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(132,779,730)</div></div></td></tr><tr><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: justify; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Interbank deposits</div></div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,374,222)</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(1,374,222)</div></div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,084,591)</div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(1,084,591)</div></div></td></tr><tr><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Repurchase agreements and other similar secured borrowing</div></div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,315,555)</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(2,315,555)</div></div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(3,236,128)</div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(3,236,128)</div></div></td></tr><tr><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: justify; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Borrowings from other financial institutions</div></div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(16,337,964)</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(16,337,964)</div></div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(13,822,152)</div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(13,822,152)</div></div></td></tr><tr><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: justify; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Preferred shares</div></div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(602,597)</div></td><td style="vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(602,597)</div></div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(662,999)</div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(662,999)</div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: justify; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Debt instruments in issue</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(9,503,793)</div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(8,486,088)</div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,769,575)</div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(20,759,456)</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(8,999,118)</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(9,534,766)</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,222,270)</div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(20,756,154)</div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(9,503,793)</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(38,976,502)</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(135,770,495)</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: top; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(184,250,790)</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(8,999,118)</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(39,975,634)</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(123,367,002)</div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 8pt; font-size: 8pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 8pt; color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(172,341,754)</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-left: 0.25in; text-align: justify; text-indent: -0.25in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Senior Management Pension Plan Premium Bancolombia</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; text-indent: -0.25in; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 50%;;margin-left :auto;margin-right :auto;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 50.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assumption</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Value</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(Increase/Decrease)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Effect on DBO</div></div></div></td></tr><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Discount rate</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.40%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.50% increase</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(913)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Discount rate</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6.40%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.50% decrease</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">959</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Salary increases</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6.50%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.50% increase</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">956</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Salary increases</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.50%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.50% decrease</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(919)</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-left: 0.25in; text-align: justify; text-indent: -0.25in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Senior Management Pension Plan Premium Banagricola</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; text-indent: -0.25in; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 50%;;margin-left :auto;margin-right :auto;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 50.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assumption</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Value</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(Increase/Decrease)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Effect on DBO</div></div></div></td></tr><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Discount rate</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.60%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.50% increase</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(26)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Discount rate</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.60%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.50% decrease</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">27 </div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Salary increases</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.00%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.50% increase</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">27 </div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Salary increases</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.50% decrease</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(26)</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-left: 0.25in; text-align: justify; text-indent: -0.25in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Senior Management Pension Plan Premium Banistmo</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; text-indent: -0.25in; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 50%;;margin-left :auto;margin-right :auto;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 50.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assumption</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Value</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(Increase/Decrease)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Effect on DBO</div></div></div></td></tr><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Discount rate</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.50%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.50% increase</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(90)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Discount rate</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.50%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.50% decrease</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">95 </div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Salary increases</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.50%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.50% increase</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">94 </div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Salary increases</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.50%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.50% decrease</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(91)</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-left: 0.25in; text-align: justify; text-indent: -0.25in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Pension Plan Banistmo</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; text-indent: -0.25in; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 50%;;margin-left :auto;margin-right :auto;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 50.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assumption</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Value</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(Increase/Decrease)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Effect on DBO</div></div></div></td></tr><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Discount rate</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.50%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.50% increase</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(261)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Discount rate</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.50%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.50% decrease</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">283</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Mortality Table</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">RP-2000</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">One year increase in life expectancy</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">182</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Colombia</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; text-indent: -0.25in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 50%;;margin-left :auto;margin-right :auto;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 18.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assumption</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 30.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Value</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 39.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(Increase/Decrease)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Effect on DBO</div></div></div></td></tr><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Discount rate</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.40%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.50% increase</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(11,938)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Discount rate</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6.40%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.50% decrease</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,762</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Salary increases</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6.50%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.50% increase</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,800</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Salary increases</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.50%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.50% decrease</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(12,084)</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">El Salvador</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 50%;;margin-left :auto;margin-right :auto;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 18.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assumption</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 30.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Value</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 39.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(Increase/Decrease)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Effect on DBO</div></div></div></td></tr><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Discount rate</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.60%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.50% increase</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(656)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Discount rate</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.60%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.50% decrease</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">712</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Salary increases</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.00%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.50% increase</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">112</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Salary increases</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.50% decrease</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(145)</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Guatemala</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; text-indent: -0.25in; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 50%;;margin-left :auto;margin-right :auto;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 18.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assumption</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 30.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Value</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 39.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(Increase/Decrease)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Effect on DBO</div></div></div></td></tr><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Discount rate</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.70%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.50% increase</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(24,380)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Discount rate</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.70%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.50% decrease</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">29,625</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Salary increases</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.50%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.50% increase</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">28,711</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Salary increases</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.50%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.50% decrease</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(25,119)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Mortality Table</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">RP-2000</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">One year increase in</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">life expectancy</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">27,661</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Short-term employment benefit plans recognized in the Statement of Financial Position in the line &#8220;Other liabilities&#8221; consist of the following:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 70.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Other employment benefit plans</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31,</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31,</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Current severance obligation<div style="vertical-align: super;font-size: smaller;display:inline;">(1)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">113,654</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">106,334</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Other bonuses and short-term benefits </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">351,697</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">336,285</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Other employment benefit plans</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">465,351</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">442,619</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-align: justify; text-indent: -0.13in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">See severance obligation</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 123282000000 6649000000 2479000000 0 821000000 0 29135000000 1312000000 77366000000 100748000000 208561000000 30412000000 1592000000 49075000000 90926000000 0 172005000000 32252000000 0 0 32252000000 0 32252000000 30412000000 1592000000 52290000000 99500000000 0 183794000000 0 <div style="border-bottom: solid #ffffff 1.0pt;border-left: none;border-right: none;border-top: none;"><div style="font-family: 'times new roman', 'serif';font-size: 16pt;margin-bottom: 0;margin-top: 0;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 16pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">NOTE 6. LOANS AND ADVANCES TO CUSTOMERS AND FINANCIAL INSTITUTIONS, NET</div></div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Loans and financial leasing operating portfolio</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following is the composition of the loans and financial leasing operations portfolio, net as of December 31, 2018 and 2017:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 60.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Composition</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 18.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 22.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Commercial</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">94,600,648</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">88,997,241</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Consumer</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">31,993,381</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">27,646,114</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Mortgage</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">22,870,685</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">20,512,208</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Financial Leases</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">23,198,204</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">22,248,951</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Small Business Loans</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,156,198</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,063,580</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total gross loans and Financial Leases</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">173,819,116</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">160,468,094</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total allowance</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(2)</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(10,235,831)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(8,223,103)</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total Net Loans and financial leases</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">163,583,285</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">152,244,991</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">(1)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Includes loans to financial institutions amounting to COP 8,154,507 and COP 7,862,401 as of December 31, 2018 and 2017, respectively.</div></div></div></td></tr><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">(2)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">The allowance as of December 31, 2018 was estimated according to the expected credit losses methodology required by IFRS 9, on the other hand, the estimations for the year ended as of December 31, 2017 were computed under IAS 39, therefore both amounts are not comparable. For further information see Note 32 Impacts on application of new standards.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table shows the breakdown of loans to financial institutions by stage:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; text-indent: 0.5in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2018</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 38.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 10.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Stage 1</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 17.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Stage 2</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Stage 3</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 20.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">TOTAL</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total loans to Financial institutions</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 110.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,140,354 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 110.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;13,812 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 110.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">341</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 110.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,154,507</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Allowance</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 110.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(15,048) </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 110.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;(1,123) </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 110.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(267)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 110.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(16,438) </div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total Net Loans with financial institutions</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 110.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">8,125,306</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 110.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">12,689 </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 110.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">74 </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 110.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">8,138,069</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">For more details on the composition of the loans and financial leasing operations portfolio, see Note 31 Risk Management.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Allowance for loans losses</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table sets forth the changes in the allowance for loans and advances and lease losses as of December 31, 2018, 2017 and 2016:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2018 </div></div><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">(under IFRS 9)</div></div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 34.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Concept</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 11.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Commercial</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 11.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Consumer</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 11.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Mortgage</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 11.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Financial </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Leases</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 11.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Small</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">business</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">loans </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 11.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: center; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td colspan="6" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Balance of period&#160;&#160;December 31, 2017</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,514,180 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,291,829 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">645,101 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">631,402 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">140,591 </div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,223,103 </div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">+&#160;&#160;Effect of adoption of IFRS 9</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">512,959 </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">237,515 </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">106,692 </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">176,521 </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,374 </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,035,061</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">+Balance at beginning of period January 1, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5,027,139</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,529,344</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">751,793</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">807,923</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">141,965</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">9,258,164</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">+/- Loan purchases / Loan sales </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,020)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(377)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,397)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 0, 0); font-family: 'times new roman', times, serif; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;;font-style:italic;display:inline;;font-style:italic;display:inline;">+ Provisions for loan losses&#160;<div style="vertical-align: super;font-size: smaller;display:inline;">(2)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,003,417</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,081,883</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">337,092</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">341,651</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">110,317</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,874,360</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;- Charges-off</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,468,704)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,012,315)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(112,417)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(135,674)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(86,802)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(3,815,912)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;- Recoveries </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(3,415,455)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(886,928)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(163,846)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(58,175)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(38,471)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(4,562,875)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 0, 0); font-family: 'times new roman', times, serif; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;;font-style:italic;display:inline;;font-style:italic;display:inline;">Adjusted stage 3<div style="vertical-align: super;font-size: smaller;display:inline;">(3)</div></div> </div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">158,396 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">71,157 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">26,502 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">22,230</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,127</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">285,412 </div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;+/- Translation adjustment</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">58,060</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">109,750</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">14,640</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">13,392</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,237</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">199,079</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Balance at December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5,360,833</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,892,891</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">853,764</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">990,970</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">137,373</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">10,235,831</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-indent: -0.13in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0pt 0px; vertical-align: top; width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">This &#237;tem includes portfolio purchase/sales&#160;operation held between Bancolombia S.A. and Titularizadora Colombiana.</div></div></div></td></tr><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0pt 0px; vertical-align: top; width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">The provision for loan losses, net COP 4,311,485 differs from the COP 3,851,625 presented in the line &#8220;Credit impairment charges on loans and advances and financial leases, net&#8221; of the Consolidated Statement of Income, in the amount of COP 459,860 due to the recovery of charged-off loans.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table style="border-spacing: 0px; border-collapse: collapse; width: 100%; table-layout: fixed;"><tr style="vertical-align: top;"><td style="padding: 0px; width: 0in;"></td><td style="white-space: nowrap; width: 0.25in; padding-left: 0px; padding-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(3)</div></div></div></div></td><td style="padding: 0pt 0px; text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Provisions reflect the expected credit losses (ECL) measured using the three-step approach under IFRS 9, as described in Note 2.D Significant accounting policies.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-indent: -0.13in; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2017 </div></div><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">(under IAS 39)</div></div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 34.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Concept</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 11.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Commercial</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 11.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Consumer</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 11.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Mortgage</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 11.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Financial</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Leases</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 11.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Small</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">business </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">loans</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 11.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td></tr><tr><td colspan="7" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;+Balance at beginning of period</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,499,791</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,791,123</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">653,936</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">567,046</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">110,015</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,621,911</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;+ Provisions for loan losses </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,594,310</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,310,518</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">284,392</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">276,687</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">119,690</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,585,597</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;- Charges-off</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(792,145)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,302,630)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(37,677)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(77,762)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(65,086)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,275,300)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;- Recoveries </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,783,649)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(510,684)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(253,578)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(133,986)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(24,141)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,706,038)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;+/- Translation adjustment</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(4,127)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,502</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,972)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(583)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">113</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(3,067)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;= Balance at end of year</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">4,514,180</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,291,829</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">645,101</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">631,402</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">140,591</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">8,223,103</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-align: justify; text-indent: -0.13in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">The provision for loan losses, net COP 3,879,559 differs from the COP 3,468,699 presents in the line &#8220;Credit impairment charges on loans and advances and financial leases, net&#8221; of the Consolidated Statement of Income, in the amount of COP 410,860 due to the recovery of charged-off loans.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2016 </div></div><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">(under IAS 39)</div></div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 34.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Concept</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 11.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Commercial</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 11.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Consumer</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 11.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Mortgage</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 11.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Financial</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Leases</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 11.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Small</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">business </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">loans</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 11.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td></tr><tr><td colspan="7" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;+Balance at beginning of period</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,694,965</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,321,281</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">572,772</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">579,151</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">80,586</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,248,755</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">+Allowance for loan of PA Leasing</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">27,825</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">27,825</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;+ Provisions for loan losses </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,684,559</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,922,315</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">225,291</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">221,694</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">95,272</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,149,131</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;- Charges-off</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(489,573)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(902,400)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(24,619)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(74,900)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(41,710)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,533,202)</div></div></td></tr><tr><td style="border-left: 1pt solid rgb(0, 0, 0); border-right: none; border-top: none; padding: 0px 3.5pt; vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;- Recoveries </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-left: none; border-right: none; border-top: none; padding: 0px 3.5pt; vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,379,288)</div></div></td><td style="border-left: none; border-right: none; border-top: none; padding: 0px 3.5pt; vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(525,510)</div></div></td><td style="border-left: none; border-right: none; border-top: none; padding: 0px 3.5pt; vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(109,912)</div></div></td><td style="border-left: none; border-right: none; border-top: none; padding: 0px 3.5pt; vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(180,537)</div></div></td><td style="border-left: none; border-right: none; border-top: none; padding: 0px 3.5pt; vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(23,645)</div></div></td><td style="border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 3.5pt; vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,218,892)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;+/- Translation adjustment</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(10,872)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(24,563)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(9,596)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(6,187)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(488)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(51,706)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;= Balance at end of year</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,499,791</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,791,123</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">653,936</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">567,046</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">110,015</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">6,621,911</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-align: justify; text-indent: -0.13in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">The provision for loan losses, net COP 2,930,239 differs from the COP 2,643,710 presents in the line &#8220;Credit impairment charges on loans and advances and financial leases, net&#8221; of the Consolidated Statement of Income, in the amount of COP 286,529 due to the recovery of charged-off loans.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-align: justify; text-indent: -0.13in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The sale of a 51% interest in Compa&#241;ia de Financiamiento Tuya S.A took place on October 31, 2016. The amounts recognized until that date are presented in the line &#8220;Net income from discontinued operations&#8221; of the Statement of Income. The following table is the movement associated with this company:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 73.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Concept</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 27.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2016</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;+Balance at beginning of period</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">351,375</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;+ Provisions for loan losses </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(*)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">465,947</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;- Charges-off</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(228,757)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;- Recoveries </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(*)</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(147,668)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;= Balance at end of year</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">440,897</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(*)</div></div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"> The provision for loan losses net of COP 318,279 differs from the COP 323,290 presented in &#8220;Credit impairment charges on loans and advances and financial leases, net" in note 30. Discontinued operations, in the amount of COP 5,011 due to provision on off balance sheet credit exposures that was accounted for as a liability under IAS 37.</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following explains the significant changes in the provisions during, the period ended at December 31, 2018 with the expected credit loss model according to IFRS 9:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 70%;;margin-left :auto;margin-right :auto;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 43.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 10.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Stage 1</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Stage 2</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 11.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Stage 3</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Simplified </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">methodology</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 11.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">TOTAL</div></div></div></td></tr><tr><td colspan="6" style="border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); border-right: none; border-top: 1pt solid rgb(0, 0, 0); padding: 0px 3.5pt; vertical-align: middle; width: 100%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px; text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, times, serif; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: nowrap; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;;font-weight:bold;display:inline;">In millions of COP</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Balance at January 1, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;1,601,051 </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;1,042,597 </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;6,589,347 </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;25,169 </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;9,258,164 </div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.25in;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;Transfer to Stage 1</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(40,083) </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(252,397) </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(109,871) </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;8,598 </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(393,753) </div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.25in;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;Transfer to Stage 2</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(88,750) </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;532,660 </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(199,399) </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;588 </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;245,099 </div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.25in;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;Transfer to Stage 3</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(103,002) </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(190,762) </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;4,168,739 </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(4,099) </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;3,870,876 </div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net remeasurement of loss allowance</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(231,835) </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;89,501 </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;3,859,469 </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;5,087 </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;3,722,222 </div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">New financial assets purchased/originated</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;770,102 </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;343,594 </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;1,087,934 </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(148) </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;2,201,482 </div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Financial assets that have been derecognized</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(367,718) </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(150,433) </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(811,014) </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(39) </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,329,204) </div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Charges-off</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(47,608) </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(138,572) </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(3,617,762) </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(11,970) </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(3,815,912) </div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Foreign Exchange and other movements</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;35,783 </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;28,636 </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;136,528 </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,868) </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;199,079 </div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Balance at December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;1,759,775 </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;1,215,323 </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;7,244,502 </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;16,231 </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;10,235,831 </div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Impact of movements in loans and provision for Stage</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Stage 1 (12 months expected credit losses): stage 1 credit exposure and allowance increased COP 14,599,662 and COP 158,724 respectively; changes in exposure are related to new disbursements for COP 72,427,570, mainly in Bancolombia S.A., due to growth of the loans portfolio and the exchange rate variation, that increased loans denominated in U.S. dollar; the financial assets that have been derecognized and charges off amounted to COP 47,008,259; increments in the allowance are consistent with portfolio growth and also with the inclusion of new information (2018) in the expected credit losses models.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Stage 2&#160;(Lifetime expected credit losses): stage 2 credit exposure decreased COP 1,065,389, whereas the allowance increased COP 172,726, the behavior in the exposure is related to commercial portfolio migrations from stage 2 to stage 3, the new disbursements that ended the year in stage 2 amounted to COP 1,943,921, the financial assets that have been derecognized and charges off amounted to COP 1,779,790; on the hand, Bancolombia, accounts for most of the allowance increase, and it is explained by commercial restructured loans, cure clients (clients that came&#160;out&#160;of default in the past year) and retail loans. &#160;&#160;&#160;&#160;&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Stage 3 (Lifetime expected credit losses):&#160;&#160;stage 3 credit exposure and allowance increased COP 537,559 and COP 655,155 respectively; changes in exposure are explained by migrations of high balance commercial loans from stage 2 to stage 3, most of them in watch list level 3, the new disbursements that ended the year in stage 3 amounted to COP 2,007,062. In Bancolombia, stage 3 exposure diminished due to write offs in the infrastructure sector for COP 302,325; the total of the financial assets that have been derecognized and charges off in stage 3 amounted to COP 5,183,154. The raise in the allowance is explained by relevant issues that increase the expected losses of clients that were already in default, and belonged to the energy, infrastructure and transport sectors.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Charges-off</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">As of December 31, 2018 and 2017 the write off loans amounted to COP 3,815,912 and COP 2,275,300.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Leasing operations:</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Finance leases - lessor</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank has subscribed lease agreements as lessor. 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font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr style="height: 0.18in;"><td rowspan="2" style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 46.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Period</div></div></div></td><td rowspan="2" style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 31.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Gross investment in finance lease </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">receivable</div></div></div></td><td rowspan="2" style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 22.0%;"><div style="font-family: &quot;times new roman&quot;, serif; 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font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td colspan="3" style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Within 1 year</div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">735,187</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">526,581</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Over 1 year, but less than 5 years</div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,194,658</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; 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font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total gross investment in finance lease receivable/ present value of minimum payments </div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">31,668,422</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">23,198,204</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Less: Future financial income </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(8,470,218)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td></tr><tr><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Present value of payments receivable</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">23,198,204</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">23,198,204</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Minimum non-collectable payments impairment</div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(985,844)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(985,844)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td></tr><tr><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total </div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">22,212,360</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;22,212,360</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Future financial income: Total Gross Investment - Total Present Value of minimum payments</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2017</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr style="height: 0.18in;"><td rowspan="2" style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 46.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Period</div></div></div></td><td rowspan="2" style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 31.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Gross investment in finance lease </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">receivable</div></div></div></td><td rowspan="2" style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 22.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Present value of minimum </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">payments</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td colspan="3" style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Within 1 year</div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">759,852</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">526,604</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Over 1 year, but less than 5 years</div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,842,992</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,188,894</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Over 5 years</div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">22,212,438</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">15,533,453</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td></tr><tr><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total gross investment in finance lease receivable/ present value of minimum payments </div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">30,815,282</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">22,248,951</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Less: Future financial income </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(8,566,331)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td></tr><tr><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Present value of payments receivable</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">22,248,951</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">22,248,951</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Minimum non-collectable payments impairment</div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(447,361)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(447,361)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td></tr><tr><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total </div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">21,801,590</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">21,801,590</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 1.11in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Future financial income: Total Gross Investment - Total Present Value of minimum payments</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-align: justify; text-indent: -0.13in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Unsecured residual value </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(*)</div></div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table sets the unsecured residual values by type of asset as of December 31, 2018 and 2017:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 48.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Type of asset</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 30.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 22.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Automobile</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">22,680</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">26,841</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Technology</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">25,229</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">20,921</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Machinery and equipment</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">11,300</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,627</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Furniture and fixtures</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">189</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">62</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">59,398</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">56,451</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(*)</div></div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">The unsecured residual value is the part of the residual value of the leased asset, whose realization is not secured or is secured by a third party related to the lessor. </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Operating leases - lessor</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Certain of the Bank&#8217;s subsidiaries leases assets to third parties under non-cancelable leases arrangements. Assets provided through operating leases are recorded as premises and equipment the terms established for these agreements range from one to ten years.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table presents the information of minimum payments by lease to be received:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 48.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 30.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 22.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Within 1 year</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">216,039</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">110,993</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Over 1 year, but less than 5 years</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">934,816</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">960,037</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Over 5 years</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">139,493</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">154,996</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,290,348</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,226,026</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following is the composition of the loans and financial leasing operations portfolio, net as of December 31, 2018 and 2017:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 60.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Composition</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 18.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 22.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Commercial</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">94,600,648</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">88,997,241</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Consumer</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">31,993,381</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">27,646,114</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Mortgage</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">22,870,685</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">20,512,208</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Financial Leases</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">23,198,204</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">22,248,951</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Small Business Loans</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,156,198</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,063,580</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total gross loans and Financial Leases</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">173,819,116</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">160,468,094</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total allowance</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(2)</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(10,235,831)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(8,223,103)</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total Net Loans and financial leases</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">163,583,285</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">152,244,991</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">(1)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Includes loans to financial institutions amounting to COP 8,154,507 and COP 7,862,401 as of December 31, 2018 and 2017, respectively.</div></div></div></td></tr><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">(2)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">The allowance as of December 31, 2018 was estimated according to the expected credit losses methodology required by IFRS 9, on the other hand, the estimations for the year ended as of December 31, 2017 were computed under IAS 39, therefore both amounts are not comparable. For further information see Note 32 Impacts on application of new standards.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table sets forth the changes in the allowance for loans and advances and lease losses as of December 31, 2018, 2017 and 2016:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2018 </div></div><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">(under IFRS 9)</div></div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 34.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Concept</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 11.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Commercial</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 11.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Consumer</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 11.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Mortgage</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 11.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Financial </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Leases</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 11.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Small</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">business</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">loans </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 11.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: center; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td colspan="6" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Balance of period&#160;&#160;December 31, 2017</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,514,180 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,291,829 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">645,101 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">631,402 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">140,591 </div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,223,103 </div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">+&#160;&#160;Effect of adoption of IFRS 9</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">512,959 </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">237,515 </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">106,692 </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">176,521 </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,374 </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,035,061</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">+Balance at beginning of period January 1, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5,027,139</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,529,344</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">751,793</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">807,923</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">141,965</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">9,258,164</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">+/- Loan purchases / Loan sales </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,020)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(377)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,397)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 0, 0); font-family: 'times new roman', times, serif; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;;font-style:italic;display:inline;;font-style:italic;display:inline;">+ Provisions for loan losses&#160;<div style="vertical-align: super;font-size: smaller;display:inline;">(2)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,003,417</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,081,883</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">337,092</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">341,651</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">110,317</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,874,360</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;- Charges-off</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,468,704)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,012,315)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(112,417)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(135,674)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(86,802)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(3,815,912)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;- Recoveries </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(3,415,455)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(886,928)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(163,846)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(58,175)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(38,471)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(4,562,875)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 0, 0); font-family: 'times new roman', times, serif; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;;font-style:italic;display:inline;;font-style:italic;display:inline;">Adjusted stage 3<div style="vertical-align: super;font-size: smaller;display:inline;">(3)</div></div> </div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">158,396 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">71,157 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">26,502 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">22,230</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,127</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">285,412 </div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;+/- Translation adjustment</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">58,060</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">109,750</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">14,640</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">13,392</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,237</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">199,079</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Balance at December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5,360,833</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,892,891</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">853,764</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">990,970</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">137,373</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">10,235,831</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-indent: -0.13in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0pt 0px; vertical-align: top; width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">This &#237;tem includes portfolio purchase/sales&#160;operation held between Bancolombia S.A. and Titularizadora Colombiana.</div></div></div></td></tr><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0pt 0px; vertical-align: top; width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">The provision for loan losses, net COP 4,311,485 differs from the COP 3,851,625 presented in the line &#8220;Credit impairment charges on loans and advances and financial leases, net&#8221; of the Consolidated Statement of Income, in the amount of COP 459,860 due to the recovery of charged-off loans.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table style="border-spacing: 0px; border-collapse: collapse; width: 100%; table-layout: fixed;"><tr style="vertical-align: top;"><td style="padding: 0px; width: 0in;"></td><td style="white-space: nowrap; width: 0.25in; padding-left: 0px; padding-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(3)</div></div></div></div></td><td style="padding: 0pt 0px; text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Provisions reflect the expected credit losses (ECL) measured using the three-step approach under IFRS 9, as described in Note 2.D Significant accounting policies.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-indent: -0.13in; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2017 </div></div><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">(under IAS 39)</div></div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 34.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Concept</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 11.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Commercial</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 11.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Consumer</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 11.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Mortgage</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 11.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Financial</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Leases</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 11.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Small</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">business </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">loans</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 11.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td></tr><tr><td colspan="7" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;+Balance at beginning of period</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,499,791</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,791,123</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">653,936</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">567,046</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">110,015</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,621,911</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;+ Provisions for loan losses </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,594,310</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,310,518</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">284,392</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">276,687</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">119,690</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,585,597</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;- Charges-off</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(792,145)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,302,630)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(37,677)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(77,762)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(65,086)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,275,300)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;- Recoveries </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,783,649)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(510,684)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(253,578)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(133,986)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(24,141)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,706,038)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;+/- Translation adjustment</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(4,127)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,502</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,972)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(583)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">113</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(3,067)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;= Balance at end of year</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">4,514,180</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,291,829</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">645,101</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">631,402</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">140,591</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">8,223,103</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-align: justify; text-indent: -0.13in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">The provision for loan losses, net COP 3,879,559 differs from the COP 3,468,699 presents in the line &#8220;Credit impairment charges on loans and advances and financial leases, net&#8221; of the Consolidated Statement of Income, in the amount of COP 410,860 due to the recovery of charged-off loans.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2016 </div></div><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">(under IAS 39)</div></div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 34.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Concept</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 11.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Commercial</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 11.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Consumer</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 11.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Mortgage</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 11.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Financial</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Leases</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 11.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Small</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">business </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">loans</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 11.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td></tr><tr><td colspan="7" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;+Balance at beginning of period</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,694,965</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,321,281</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">572,772</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">579,151</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">80,586</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,248,755</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">+Allowance for loan of PA Leasing</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">27,825</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">27,825</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;+ Provisions for loan losses </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,684,559</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,922,315</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">225,291</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">221,694</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">95,272</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,149,131</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;- Charges-off</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(489,573)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(902,400)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(24,619)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(74,900)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(41,710)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,533,202)</div></div></td></tr><tr><td style="border-left: 1pt solid rgb(0, 0, 0); border-right: none; border-top: none; padding: 0px 3.5pt; vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;- Recoveries </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-left: none; border-right: none; border-top: none; padding: 0px 3.5pt; vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,379,288)</div></div></td><td style="border-left: none; border-right: none; border-top: none; padding: 0px 3.5pt; vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(525,510)</div></div></td><td style="border-left: none; border-right: none; border-top: none; padding: 0px 3.5pt; vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(109,912)</div></div></td><td style="border-left: none; border-right: none; border-top: none; padding: 0px 3.5pt; vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(180,537)</div></div></td><td style="border-left: none; border-right: none; border-top: none; padding: 0px 3.5pt; vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(23,645)</div></div></td><td style="border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 3.5pt; vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,218,892)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;+/- Translation adjustment</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(10,872)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(24,563)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(9,596)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(6,187)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(488)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(51,706)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;= Balance at end of year</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,499,791</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,791,123</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">653,936</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">567,046</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">110,015</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">6,621,911</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-align: justify; text-indent: -0.13in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">The provision for loan losses, net COP 2,930,239 differs from the COP 2,643,710 presents in the line &#8220;Credit impairment charges on loans and advances and financial leases, net&#8221; of the Consolidated Statement of Income, in the amount of COP 286,529 due to the recovery of charged-off loans.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-align: justify; text-indent: -0.13in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The sale of a 51% interest in Compa&#241;ia de Financiamiento Tuya S.A took place on October 31, 2016. The amounts recognized until that date are presented in the line &#8220;Net income from discontinued operations&#8221; of the Statement of Income. The following table is the movement associated with this company:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 73.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Concept</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 27.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2016</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;+Balance at beginning of period</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">351,375</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;+ Provisions for loan losses </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(*)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">465,947</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;- Charges-off</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(228,757)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;- Recoveries </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(*)</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(147,668)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;= Balance at end of year</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">440,897</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(*)</div></div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"> The provision for loan losses net of COP 318,279 differs from the COP 323,290 presented in &#8220;Credit impairment charges on loans and advances and financial leases, net" in note 30. Discontinued operations, in the amount of COP 5,011 due to provision on off balance sheet credit exposures that was accounted for as a liability under IAS 37.</div></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank has subscribed lease agreements as lessor. These leases arrangements involve machinery and equipment, computer equipment, automobile and furniture and fixtures and their terms range between one and twenty years, as follows:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2018</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr style="height: 0.18in;"><td rowspan="2" style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 46.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Period</div></div></div></td><td rowspan="2" style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 31.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Gross investment in finance lease </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">receivable</div></div></div></td><td rowspan="2" style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 22.0%;"><div style="font-family: &quot;times new roman&quot;, serif; 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font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td colspan="3" style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Within 1 year</div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">735,187</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">526,581</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Over 1 year, but less than 5 years</div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,194,658</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,677,063</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Over 5 years</div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">22,738,577</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">15,994,560</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td></tr><tr><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total gross investment in finance lease receivable/ present value of minimum payments </div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">31,668,422</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">23,198,204</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Less: Future financial income </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(8,470,218)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td></tr><tr><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Present value of payments receivable</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">23,198,204</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">23,198,204</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Minimum non-collectable payments impairment</div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(985,844)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(985,844)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td></tr><tr><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total </div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">22,212,360</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;22,212,360</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Future financial income: Total Gross Investment - Total Present Value of minimum payments</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2017</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr style="height: 0.18in;"><td rowspan="2" style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 46.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Period</div></div></div></td><td rowspan="2" style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 31.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Gross investment in finance lease </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">receivable</div></div></div></td><td rowspan="2" style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 22.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Present value of minimum </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">payments</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td colspan="3" style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Within 1 year</div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">759,852</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">526,604</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Over 1 year, but less than 5 years</div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,842,992</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,188,894</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Over 5 years</div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">22,212,438</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">15,533,453</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td></tr><tr><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total gross investment in finance lease receivable/ present value of minimum payments </div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">30,815,282</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">22,248,951</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Less: Future financial income </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(8,566,331)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td></tr><tr><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Present value of payments receivable</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">22,248,951</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">22,248,951</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Minimum non-collectable payments impairment</div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(447,361)</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(447,361)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td></tr><tr><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total </div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">21,801,590</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">21,801,590</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 1.11in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Future financial income: Total Gross Investment - Total Present Value of minimum payments</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table sets the unsecured residual values by type of asset as of December 31, 2018 and 2017:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 48.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Type of asset</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 30.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 22.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Automobile</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">22,680</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">26,841</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Technology</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">25,229</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">20,921</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Machinery and equipment</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">11,300</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,627</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Furniture and fixtures</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">189</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">62</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">59,398</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">56,451</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(*)</div></div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">The unsecured residual value is the part of the residual value of the leased asset, whose realization is not secured or is secured by a third party related to the lessor. </div></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table presents the information of minimum payments by lease to be received:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 48.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 30.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 22.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Within 1 year</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">216,039</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">110,993</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Over 1 year, but less than 5 years</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">934,816</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">960,037</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Over 5 years</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">139,493</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">154,996</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,290,348</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,226,026</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 5252 20000 One year increase in life expectancy 0.0050 0.0050 0.0050 0.0050 <div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fees and Commissions Expenses</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2016</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none;">&#160;</div></td><td colspan="3" style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">in millions of COP</div></div></div></td></tr><tr><td colspan="2" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Banking services</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(542,628)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(508,462)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(473,109)</div></div></td></tr><tr><td colspan="2" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Call center and web page</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(309,403)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(291,602)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(260,006)</div></div></td></tr><tr><td colspan="2" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Others</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(361,025)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(275,051)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(235,855)</div></div></td></tr><tr><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Expenses for commissions</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(1,213,056)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(1,075,115)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(968,970)</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;width: 40.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; line-height: normal; margin-left: 0in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 0.0050 0.0050 0.0050 0.0050 0.0050 0.0050 0.0050 0.0050 <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table shows the balances categorized by nature and by segment of revenue from ordinary activities from contracts with customers as at December 31, 2018, 2017 and 2016:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2018</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.0pt;padding-right: 3.0pt;padding-top: 0;vertical-align: middle;width: 28.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: center; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Banking</div></div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Colombia</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Banking</div></div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Panama</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Banking El</div></div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Salvador</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Banking</div></div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Guatemala</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Trust</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Investment</div></div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Banking</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Brokerage</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Off&#160;Shore</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">All Other</div></div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; 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font-size: 8pt; text-align: right; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 3.0pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Banking services</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">370,671</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">66,569</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">85,615</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">39,610</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">12,783</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">575,248</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">575,248</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 3.0pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Credit and debit card fees and commercial estabilshments</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,258,047</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">185,466</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">97,163</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">66,731</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">3,707</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,611,114</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,611,114</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 3.0pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Brokerage</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">7,033</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">29</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">20,012</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">27,074</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">27,074</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 3.0pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Acceptances, Guarantees and Standby Letters of Credit</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">33,313</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">15,352</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">4,749</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">3,055</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">897</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">57,366</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">57,366</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 3.0pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Trust</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">8,184</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,411</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">645</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">313,886</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">81,502</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">37</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">104</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">405,769</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">405,769</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 3.0pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities brokerage</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,200</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,212</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">20,262</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">9,530</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">32,204</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">32,204</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 3.0pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Bancassurance</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">495,232</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">28,466</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">112</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">523,810</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">523,810</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 3.0pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Payment and collections</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">559,139</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">4,084</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">563,223</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">563,223</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 3.0pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Others</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">124,900</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">492</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">36,852</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">27,099</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">22</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">9</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2,926</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">3,416</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2,884</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">198,600</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(149)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">198,451</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 0;padding-right: 3.0pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total revenue from contracts with customers</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,841,302</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">312,762</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">227,114</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">141,253</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">313,908</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">20,271</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">113,970</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">20,840</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,988</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,994,408</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(149)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,994,259</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: calibri; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="white-space: pre-line; font-family: calibri; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">&#160;</div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">For further information about composition of Bank&#8217; segments see Note 3</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2017</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.0pt;padding-right: 3.0pt;padding-top: 0;vertical-align: middle;width: 28.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: center; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Banking</div></div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Colombia</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Banking</div></div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Panama</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Banking El</div></div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Salvador</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Banking</div></div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Guatemala</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Trust</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Investment</div></div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Banking</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Brokerage</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Off&#160;</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Shore</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">All Other</div></div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Segments</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Total before</div></div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">eliminations</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Adjustments</div></div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">for</div></div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">consolidation</div></div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">purposes</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Total after</div></div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">eliminations</div></div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.0pt;padding-right: 3.0pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Revenue from contracts with customers</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">(1)</div></div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; 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font-size: 8pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.0pt;padding-right: 3.0pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Fees and Commissions</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 3.0pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Banking services</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">335,101</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">177,930</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">80,672</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">38,643</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">15,821</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">648,167</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">648,167</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 3.0pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Credit and debit card fees and comercial</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,080,814</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">80,348</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">89,330</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">51,175</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2,876</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,304,543</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,304,543</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 3.0pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Brokerage</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2,302</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">35</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">20,593</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">22,930</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">22,930</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 3.0pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Acceptances, Guarantees and Standby Letters of Credit</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">41,077</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">15,699</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">4,080</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2,210</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">404</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">63,470</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">63,470</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 3.0pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Trust</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">4,510</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,335</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">713</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">285,648</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">68,180</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">36</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(58)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">360,364</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">360,364</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 3.0pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities brokerage</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2,702</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">28,747</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">6,778</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">843</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">39,070</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">39,070</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 3.0pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Bancassurance</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">427,190</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">23,847</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">85</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">451,122</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">451,122</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 3.0pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Payments and collections</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">531,567</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">4,369</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">535,936</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">535,936</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 3.0pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Others</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">115,472</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">10,415</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">35,742</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">28,877</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 1pt; vertical-align: bottom; text-align: right;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;1,634</div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">253</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">3,119</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">195,512</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">195,512</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 0;padding-right: 3.0pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total revenue from contracts with customers</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">1</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,531,221</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">317,753</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">211,159</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">126,022</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">285,648</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">28,747</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">97,185</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">19,390</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,989</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,621,114</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,621,114</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">For further information about composition of Bank&#8217; segments see Note 3.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2016</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;width: 28.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Banking</div></div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Colombia</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Banking</div></div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Panama</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Banking El</div></div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Salvador</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Banking</div></div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Guatemala</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Trust</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Investment</div></div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Banking</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; 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font-size: 8pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Banking services</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">329,114</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">159,015</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">75,732</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">37,831</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">12,343</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">614,035</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">4,774</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">618,809</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Credit and debit card fees and comercial</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">803,731</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">84,152</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">87,862</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">4,771</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">4,634</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">985,150</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">188,752</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,173,902</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Brokerage</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">5,195</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">45</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">23,390</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">28,630</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">28,630</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Acceptances, Guarantees and Standby Letters of Credit</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">45,664</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">18,406</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">3,485</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2,554</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">607</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">70,716</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">70,716</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Trust</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">4,011</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,075</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">712</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">239,610</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">49,903</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">295,311</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">295,311</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Securities brokerage</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">834</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">19,843</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">3,700</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">24,377</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">24,377</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Bancassurance</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">355,523</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">20,885</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">64</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">376,472</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">376,472</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Payments and collections</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">480,611</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">6,245</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">486,856</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">486,856</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Others</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">48,375</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">189</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">34,571</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">29,579</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">3,578</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">12,679</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,699</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">130,670</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">94,190</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">224,860</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total revenue from contracts with customers</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">1</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,063,018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">291,853</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">203,623</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">81,737</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">239,610</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">19,843</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">80,571</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">30,263</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,699</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,012,217</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">287,716</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 1.0pt;padding-right: 1.0pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,299,933</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: calibri; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="white-space: pre-line; font-family: calibri; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">For further information about composition of Bank&#8217; segments see Note 3.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;">&#160;</div><div><div style="clear: both; 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font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table sets forth the main macroeconomic variables that are used to incorporate the prospective information and its projections:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;">&#160;</div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="8" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Scenarios Macroeconomic Projections Colombia</div></div></div></td></tr><tr><td colspan="8" style="border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding-bottom: 0px; padding-right: 3.5pt; padding-top: 0px; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; margin-left: 0in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Base Scenario </div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">GDP</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">growth</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Inflation</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Monetary Policy</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;Rate</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Unemployment</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Exchange rate</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Exports</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Imports</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.8%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.1%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.8%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9.6%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,992</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">37,385</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">46,076</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.6%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.4%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.3%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9.3%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,060</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">43,035</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">50,140</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.2%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.4%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.8%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.8%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,130</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">47,290</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">54,960</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.4%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.2%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.3%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.7%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,260</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">46,072</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">59,352</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2021</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.1%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.1%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.6%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,320</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">44,548</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60,539</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2022</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.3%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.8%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.5%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,370</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">48,213</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">62,658</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2023</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.4%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.0%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.8%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.3%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,430</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">52,574</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">65,791</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="8" style="border-width: 1pt; border-style: solid; border-color: rgb(0, 0, 0); padding-bottom: 0px; padding-right: 3.5pt; padding-top: 0px; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; margin-left: 0in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Optimistic Scenario </div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">GDP </div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">growth</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Inflation</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Monetary Policy</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Rate</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Unemployment</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Exchange rate</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Exports</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Imports</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.8%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.1%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.8%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9.6%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,992</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">37,385</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">46,076</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.7%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.1%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9.3%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,010</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">44,483</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">51,927</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.9%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.1%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.3%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.7%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,000</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">49,381</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">57,541</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.7%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.7%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.5%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.4%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,070</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">48,275</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">64,841</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2021</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.3%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.6%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.3%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.2%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,090</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">46,630</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">63,825</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2022</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.3%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.6%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,110</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">50,338</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">66,443</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2023</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.6%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.5%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.0%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.7%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,130</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">54,700</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">69,576</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="8" style="border-width: 1pt; border-style: solid; border-color: rgb(0, 0, 0); padding-bottom: 0px; padding-right: 3.5pt; padding-top: 0px; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; margin-left: 0in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Pessimistic Scenario </div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">GDP</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">growth</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Inflation</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Monetary Policy</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Rate</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Unemployment</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Exchange rate </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Exports </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Imports </div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.8%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.1%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.8%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9.6%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,992</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">37,385</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">46,076</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.4%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.7%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.5%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9.4%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,140</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">40,310</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">48,272</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.5%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.3%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9.1%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,360</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">41,973</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">52,285</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.6%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.7%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.8%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,600</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">40,307</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">56,570</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2021</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.1%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.6%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.5%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,740</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">39,946</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">57,905</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2022</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.1%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.6%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.3%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9.1%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,860</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">42,985</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">59,961</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2023</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.1%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.5%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.3%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9.0%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,990</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">47,347</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">63,094</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="7" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Scenarios Macroeconomic Projections Panama</div></div></div></td></tr><tr><td colspan="7" style="border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding-bottom: 0px; padding-right: 3.5pt; padding-top: 0px; vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; margin-left: 0in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Base Scenario </div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 16.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">GDP growth</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Inflation</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Unemployment</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Exports </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Imports </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Current Account Deficit</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.4%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.4%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">24,933</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">26,961</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-8.0%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.7%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6.5%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">27,973</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">28,370</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-5.8%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.1%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.4%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.2%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">29,997</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">29,651</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-4.1%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.9%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.5%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.5%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">30,947</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">30,897</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-4.0%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2021</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.6%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.6%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.9%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">31,647</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">32,271</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.0%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2022</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.5%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.7%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.2%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">32,247</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">33,417</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.6%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2023</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.6%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.8%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.5%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">32,537</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">34,664</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.5%</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="7" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Optimistic Scenario </div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 16.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">GDP growth</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Inflation</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Unemployment</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Exports</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Imports</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Current Account Deficit</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.4%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.4%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">24,933</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">26,961</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-8.0%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.1%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6.2%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">28,373</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">28,170</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-5.8%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.4%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.3%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.1%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">30,597</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">28,751</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.9%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.2%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.5%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.3%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">31,347</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">29,697</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.6%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2021</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.9%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.6%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.6%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">32,047</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">31,071</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-2.7%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2022</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.8%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.6%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.9%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">32,767</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">32,217</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-2.7%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2023</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.9%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.6%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.0%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">33,097</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">33,464</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-2.4%</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="7" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Pessimistic Scenario </div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 16.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">GDP growth</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Inflation</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Unemployment</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Exports </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Imports </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Current Account Deficit</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.4%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.4%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">24,933</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">26,961</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-8.0%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.6%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6.9%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">28,197</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">28,370</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-5.8%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.7%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.7%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.6%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">29,197</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">30,851</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-4.8%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.5%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.9%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.9%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">29,647</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">32,097</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-4.5%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2021</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.2%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.9%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.3%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">30,047</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">33,471</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-4.3%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2022</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.1%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.6%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">30,147</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">34,617</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-4.4%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2023</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.2%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.2%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.9%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">31,737</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">35,864</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-4.5%</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="7" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Scenarios Macroeconomic Projections El Salvador</div></div></div></td></tr><tr><td colspan="7" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Base Scenario </div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 16.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">GDP growth</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Inflation</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Exports </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Imports</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Current Account Deficit</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fiscal Budget Balance</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.3%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,760</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,593</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-2.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-2.3%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.7%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.9%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,939</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">11,883</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.3%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-2.3%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.5%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.8%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,355</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,714</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.4%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-2.4%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.2%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.9%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,884</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">13,370</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.5%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-2.2%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2021</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.9%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,264</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">13,911</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.6%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-2.2%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2022</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.1%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.9%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,746</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">14,416</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.5%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-2.1%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2023</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.2%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.0%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,255</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">14,964</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.4%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-2.1%</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="7" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Optimistic Scenario </div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 16.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">GDP growth</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Inflation</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Exports </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Imports</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Current Account Deficit</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fiscal Budget Balance</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.3%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,760</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,593</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-2.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-2.3%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.2%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.4%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,969</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">11,935</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.1%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-0.8%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.6%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.4%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,503</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,987</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-0.9%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.5%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.7%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,055</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">13,670</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.1%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-0.8%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2021</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.2%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.9%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,455</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">14,228</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.2%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-0.8%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2022</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.4%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.1%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,952</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">14,744</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.1%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-0.8%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2023</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.5%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.2%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,472</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">15,304</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.0%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-0.8%</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="7" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Pessimistic Scenario </div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 16.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">GDP growth</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Inflation</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Exports </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Imports</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Current Account Deficit</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fiscal Budget Balance</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.3%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,760</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,593</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-2.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-2.3%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.3%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.5%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,910</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">11,832</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.3%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.5%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.8%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.1%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,207</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,442</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.7%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.8%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.4%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.1%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,712</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">13,070</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.8%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.6%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2021</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.1%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,073</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">13,594</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.9%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.5%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2022</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.3%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.8%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,541</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">14,087</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.8%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.4%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2023</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.4%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.7%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,039</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">14,623</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.7%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.5%</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="7" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Scenarios Macroeconomic Projections Guatemala</div></div></div></td></tr><tr><td colspan="7" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Base Scenario </div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 16.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">GDP growth</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Inflation</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Exchange rate</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Exports</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Imports</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fiscal Budget Balance</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.8%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.7%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.34</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,983</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">18,389</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.7%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.2%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.77</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,730</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">19,171</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-1.7%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.3%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.90</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,369</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">18,937</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-1.6%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.2%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.7%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.00</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,354</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">18,816</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-1.4%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2021</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.4%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.09</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,769</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">19,399</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-1.3%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2022</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.2%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.3%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.19</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">11,199</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">20,563</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-1.2%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2023</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.3%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.2%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.28</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">11,569</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">21,242</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-1.2%</div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td colspan="7" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Optimistic Scenario </div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">GDP growth</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Inflation</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Exchange rate </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Exports </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Imports </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fiscal Budget Balance</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.8%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.7%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.34</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,983</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">18,389</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.7%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.2%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.7%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.50</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,798</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">19,259</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-1.2%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.4%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.5%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.52</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,656</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">19,290</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-0.9%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.4%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.8%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.50</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,642</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">19,169</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-0.8%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2021</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.4%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.2%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.51</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">11,056</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">19,752</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-0.7%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2022</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.4%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.4%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.51</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">11,719</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">20,443</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-0.7%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2023</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.4%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.3%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.53</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,235</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">21,343</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-0.7%</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="7" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Pessimistic Scenario </div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 16.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">GDP growth</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Inflation</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Exchange rate </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Exports </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Imports </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fiscal Budget Balance</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.8%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.7%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.34 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,983 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">18,389 </div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.7%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.7%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.8%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.03 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,662 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">19,083 </div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-2.2%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.1%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.8%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.28 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,082 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">18,584 </div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-1.9%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.3%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.49 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,067 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">18,463 </div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-1.8%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2021</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.7%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.67 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,481 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">19,046 </div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-1.7%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2022</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.86 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,901 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">19,999 </div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-1.8%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2023</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.0%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.9%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; 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border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">4.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Cash and cash equivalents</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank considers cash and cash equivalents to include cash and balances at central bank, interbank assets and reverse repurchase agreements and other similar secured lending that have original maturities up to 90 days, as shown in Note 4.</div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Security deposits.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Security deposits are assets pledged as collateral that correspond to cash guarantees made by the Bank to other financial institutions. The carrying amount is increased when a margin call is issued or when it is necessary to increase the trading quota; conversely, it is decreased when the aim is to lower that quota. The security deposits are recognized as other assets in the consolidated statement of financial position at the amount paid in favor of the counterpart and these assets are not subject to interest recognition.</div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">6.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Business combinations and goodwill</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Business combinations are those transactions where an acquirer obtains control of a business (e.g. an acquisition or merger).</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Business combinations are accounted for using the acquisition method as follows: a) Identifiable acquired assets, liabilities and contingent liabilities assumed in the acquisition are recognized at fair value at the date of acquisition; b) Acquisition costs are recognized in the consolidated statement of income as expenses in the periods in which the costs are incurred and the services are received; c) and goodwill is recognized as an asset in the consolidated statement of financial position or a gain from a bargain purchase.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; 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Amounts previously recognized in other comprehensive income that must be recycle through net income in relation with such investments are reclassified to the consolidated statement of income, as if such investment had been sold. 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The non-controlling interest is recognized to the extent the risks and rewards of ownership of those shares remain with them. Irrespective of whether the non-controlling interest is recognized, a financial liability is recorded for the present value of the redemption amount. Subsequent changes to the liability are recognized in net income. The Bank will reclassify the liability to equity if the put option expires unexercised.</div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">7.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; 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top: 0px;;display:inline;">A financial instrument is a contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity.</div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; 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This includes regular way purchases and sales, which are those purchases and sales of financial assets that require the delivery of assets within the time frame established by regulation or convention in the marketplace. 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font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following explains the significant changes in the provisions during, the period ended at December 31, 2018 with the expected credit loss model according to IFRS 9:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 70%;;margin-left :auto;margin-right :auto;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 43.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 10.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Stage 1</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Stage 2</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 11.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Stage 3</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Simplified </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">methodology</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 11.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">TOTAL</div></div></div></td></tr><tr><td colspan="6" style="border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); border-right: none; border-top: 1pt solid rgb(0, 0, 0); padding: 0px 3.5pt; vertical-align: middle; width: 100%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px; text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, times, serif; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: nowrap; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;;font-weight:bold;display:inline;">In millions of COP</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Balance at January 1, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;1,601,051 </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;1,042,597 </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;6,589,347 </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;25,169 </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;9,258,164 </div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.25in;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;Transfer to Stage 1</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(40,083) </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(252,397) </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(109,871) </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;8,598 </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(393,753) </div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.25in;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;Transfer to Stage 2</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(88,750) </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;532,660 </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(199,399) </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;588 </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;245,099 </div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.25in;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;Transfer to Stage 3</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(103,002) </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(190,762) </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;4,168,739 </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(4,099) </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;3,870,876 </div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net remeasurement of loss allowance</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(231,835) </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;89,501 </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;3,859,469 </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;5,087 </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;3,722,222 </div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">New financial assets purchased/originated</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;770,102 </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;343,594 </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;1,087,934 </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(148) </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;2,201,482 </div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Financial assets that have been derecognized</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(367,718) </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(150,433) </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(811,014) </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(39) </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,329,204) </div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Charges-off</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(47,608) </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(138,572) </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(3,617,762) </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(11,970) </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(3,815,912) </div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Foreign Exchange and other movements</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;35,783 </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;28,636 </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;136,528 </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,868) </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;199,079 </div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Balance at December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;1,759,775 </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;1,215,323 </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;7,244,502 </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;16,231 </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;10,235,831 </div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 10701855000000 8777923000000 -1923932000000 4157568000000 3121981000000 -1035587000000 0 2991352000000 2991352000000 14859423000000 14891256000000 31833000000 7242168000000 0 50243000000 7292411000000 817639000000 3143488000000 272073000000 4233200000000 43846000000 0 1875260000000 1919106000000 661176000000 186250000000 143750000000 991176000000 145032000000 0 1140602000000 1285634000000 3329738000000 3481928000000 15721527000000 1101461000000 538487000000 0 17361475000000 7003147000000 12965000000 7016112000000 2471994000000 1050855000000 3522849000000 36038000000 1926554000000 1962592000000 1052776000000 225431000000 1278207000000 137900000000 941763000000 1079663000000 10701855000000 4157568000000 14859423000000 1517830000000 16377253000000 1334351000000 1018119000000 593346000000 197672000000 3143488000000 5807000000 0 0 180443000000 186250000000 1340158000000 1018119000000 593346000000 378115000000 50243000000 0 0 0 50243000000 12534000000 9897000000 2661000000 246981000000 272073000000 1875260000000 0 0 0 1875260000000 0 12965000000 0 0 12965000000 173819116000000 94600648000000 31993381000000 22870685000000 1156198000000 23198204000000 39535746000000 5661661000000 33874085000000 202991372000000 15745530000000 894001000000 18279480000000 2352276000000 2352373000000 0 13393254000000 893905000000 1639949000000 15927108000000 160468094000000 71122738000000 89345356000000 <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Financial assets that are considered Stage 3 and related collateral held in order to mitigate potential losses are shown below:</div></div><div style="font-family: &quot;times new roman&quot;, serif;font-size: 10pt;margin-bottom: 0px;margin-top: 0px;text-align: justify;background: none;"><div style="white-space: pre-line; color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 90%;margin-left: auto;margin-right: auto;"><tr><td colspan="5" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td></tr><tr><td colspan="5" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In Millions of COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 40.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Classification</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Amount</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Allowance</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair Value of Collateral</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;text-indent: 0.13in;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Commercial</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">775,689</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">239,720</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">535,968</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,528,495</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="white-space: pre-line; color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;&#160;&#160;Consumer </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="white-space: pre-line; color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;&#160;&#160;Mortgage</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">139,084</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">21,883</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">117,201</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">173,482</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="white-space: pre-line; color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;&#160;&#160;Small Business Loans</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="white-space: pre-line; color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;&#160;&#160;Financial Leases</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">666,495</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">201,981</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">464,514</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">974,274</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total credit assets</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,581,268</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">463,584</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,117,683</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,676,251</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 775689000000 239720000000 535968000000 2528495000000 139084000000 21883000000 117201000000 173482000000 666495000000 464514000000 974274000000 1581268000000 3676251000000 15 and 30 years 30 days 50 <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The table below shows Stage 3 loans and advances according to their type of evaluation:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 80%;;margin-left :auto;margin-right :auto;"><tr><td colspan="5" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31 2018</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Impairment</div></div></div></td><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Individual Evaluation</div></div></div></td><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Collective Evaluation</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 40.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Carrying Amount</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">ECL</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Carrying Amount</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">ECL</div></div></div></td></tr><tr><td colspan="5" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Commercial</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,970,415</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,583,874</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,782,603</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,904,866</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Consumer</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,568,758</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,383,265</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Mortgage</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,077,206</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">586,026</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Financial Leases</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">795,862</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">339,418</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">901,216</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">367,072</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Small Business Loan</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">116,902</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">79,981</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5,766,277</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,923,292</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">6,446,685</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">4,321,210</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.75in; margin-top: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">&#160;</div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">See provisions for loan losses&#160;for financial leases of the period in Note 6.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="5" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Impairment</div></div></div></td><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Individual Evaluation</div></div></div></td><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Collective Evaluation</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 40.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Carrying Amount</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Allowance</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Carrying Amount</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Allowance</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Commercial</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,544,324</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,059,356</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,546,504</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,782,385</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Consumer</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,839</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,839</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,337,640</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,403,499</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Mortgage</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,115,785</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">489,414</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Financial Leases</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">641,228</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">298,947</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,105,208</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">202,940</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Small Business Loan</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">135,562</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">99,798</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5,196,391</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,369,142</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">8,240,699</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,978,036</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">&#160;</div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">See provisions for loan losses&#160;for financial leases of the period in Note 6.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table shows information about credit quality of the borrower:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 85%;;margin-left :auto;margin-right :auto;"><tr><td colspan="6" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31 2018</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 35.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Risk Category</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Stage 1</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Stage 2</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Stage 3</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Simplified methodology</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td colspan="5" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">A- Normal Risk </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">135,000,193</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,058,010</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">105,793</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">137,163,996</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">B- Acceptable Risk </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">16,752,640</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,472,886</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">19,225,526</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">C- Appreciable Risk </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,141,266</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,059,084</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,200,350</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">D- Significant Risk</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,032</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,032</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">E- Unrecoverable Risk</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,250</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,212,962</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,225,212</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">153,894,099</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">7,606,262</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">12,212,962</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">105,793</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">173,819,116</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="6" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31 2017</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 25.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Risk Category</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Current loans</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">without</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">impairment</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Past due loans</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">without</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">impairment</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Current loans that</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">are impaired</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Past due and</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">impaired loans</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td colspan="5" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">A- Normal Risk </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">139,543,463</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">224,259</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">783,333</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,108</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">140,558,163</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">B- Acceptable Risk </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,986,958</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,265,787</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,848,716</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">88,508</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9,189,969</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">C- Appreciable Risk </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9,770</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">715</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,932,948</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">901,271</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,844,704</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">D- Significant Risk</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,167,928</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,289,030</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,456,958</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">E- Unrecoverable Risk</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">52</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">564,728</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,853,520</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,418,300</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">145,540,243</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,490,761</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">7,297,653</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">6,139,437</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">160,468,094</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">*</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Information on this table about NIC39..</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="background: #ffffff;font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;">The following table shows how a change of 1% increase or decrease in these economic variables could affect the weighted expected loss as of December 31, 2018.</div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td colspan="3" style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fiscal Balance, Current Acount and Inflation</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In Milllions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 37.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 18.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">[+1%]</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Without changes</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">[-1%]</div></div></div></td></tr><tr><td rowspan="5" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">GDP Growth</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">[+1%]</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(30,929)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(18,726)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(5,841)</div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Without changes</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; 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top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Basis for preparation</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The consolidated financial statements of the Bank are prepared in accordance with the International Financial Reporting Standards (hereinafter, IFRS) issued by the International Accounting Standards Board (hereinafter, IASB), as well as the interpretations issued by the International Financial Reporting Interpretations Committee (hereinafter, IFRS-IC).</div></div><div style="font-family: &quot;times new roman&quot;, serif; 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letter-spacing: 0px; top: 0px;;display:inline;">&#61623;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Power over the investee that give it the ability to direct their relevant activities that significantly affect the investee&#8217;s returns.</div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; 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background: none;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: symbol; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#61623;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Ability to use its power over the investee to affect the investor&#8217;s returns</div></div></td></tr></table><div style="clear: both; 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font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 30.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">ENTITY</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">JURISDICTION</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">OF</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">INCORPORATION</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 16.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">BUSINESS</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">PROPORTION OF</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">OWNERSHIP</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">INTEREST AND</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">VOTING POWER</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">HELD BY THE</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">BANK&#160;2018 </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">PROPORTION OF</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">OWNERSHIP</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">INTEREST AND</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">VOTING POWER</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">HELD BY THE</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">BANK&#160;2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">PROPORTION OF</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">OWNERSHIP</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">INTEREST AND</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;VOTING POWER</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;HELD BY THE</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">BANK&#160;2016</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Fiduciaria Bancolombia S.A. Sociedad Fiduciaria</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Trust</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">98.81%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">98.81%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">98.81%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Banca de Inversi&#243;n Bancolombia S.A. Corporaci&#243;n Financiera</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Investment banking</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Valores Bancolombia S.A. Comisionista de Bolsa</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Securities brokerage</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Renting Colombia S.A.S. </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Operating leasing</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Transportempo S.A.S.</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Transportation</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Valores Simesa S.A. <div style="vertical-align: super;font-size: smaller;display:inline;">(1)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Investments</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">67.73%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">68.57%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">68.57%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Inversiones CFNS S.A.S.</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Investments</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">99.94%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">99.94%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">99.94%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">BIBA Inmobiliaria S.A.S.</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Real estate broker</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">FCP Fondo Colombia Inmobiliario.<div style="vertical-align: super;font-size: smaller;display:inline;">(2)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Real estate broker</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">51.29%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">63.47%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">62.55%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Prosicol S.A.S. <div style="vertical-align: super;font-size: smaller;display:inline;">(3)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Pre-operating stage</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">68.57%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Fideicomiso "Lote Abelardo Castro".</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Mercantil trust</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">67.39%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">68.23%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">68.23%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Bancolombia Panam&#225; S.A.</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Panama</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Banking</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Sistemas de Inversiones y Negocios S.A. Sinesa</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Panama</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Investments</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Banagr&#237;cola S.A.</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Panama</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Investments</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">99.16%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">99.16%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">99.16%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Banistmo S.A. </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Panama</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Banking</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Banistmo Investment Corporation S.A. </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Panama</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Trust</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Financomer S.A. </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Panama</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Financial services</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Leasing Banistmo S.A. </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Panama</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Leasing</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Valores Banistmo S.A. </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Panama</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Purchase and sale of securities</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Suvalor Panam&#225; Fondos de Inversi&#243;n S.A. </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Panama</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Holding</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 30.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">ENTITY</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">JURISDICTION</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">OF</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">INCORPORATION</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 16.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">BUSINESS</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">PROPORTION OF</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">OWNERSHIP</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">INTEREST AND</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">VOTING POWER</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">HELD BY THE</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">BANK&#160;2018 </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">PROPORTION OF</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">OWNERSHIP</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">INTEREST AND</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">VOTING POWER</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">HELD BY THE</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">BANK&#160;2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">PROPORTION OF</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">OWNERSHIP</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">INTEREST AND</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;VOTING POWER</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;HELD BY THE</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">BANK&#160;2016</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Suvalor Renta Fija Internacional Largo Plazo S.A. </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Panama</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Collective investment fund</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Suvalor Renta Fija Internacional Corto Plazo S.A. </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Panama</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Collective investment fund</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Banistmo Asset Management Inc. <div style="vertical-align: super;font-size: smaller;display:inline;">(4)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Panama</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Purchase and sale of securities</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Banistmo Capital Markets Group Inc. <div style="vertical-align: super;font-size: smaller;display:inline;">(5)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Panama</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Purchase and sale of securities</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Van Dyke Overseas Corp. <div style="vertical-align: super;font-size: smaller;display:inline;">(6)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Panama</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Real estate broker</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Inmobiliaria Bickford S.A. <div style="vertical-align: super;font-size: smaller;display:inline;">(6)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Panama</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Real estate broker</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Williamsburg International Corp. <div style="vertical-align: super;font-size: smaller;display:inline;">(6)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Panama</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Real estate broker</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Anavi Investment Corporation S.A. <div style="vertical-align: super;font-size: smaller;display:inline;">(5)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Panama</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Real estate broker</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Desarrollo de Oriente S.A. <div style="vertical-align: super;font-size: smaller;display:inline;">(5)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Panama</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Real estate broker</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Steens Enterpresies S.A. <div style="vertical-align: super;font-size: smaller;display:inline;">(5)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Panama</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Portfolio holder</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Ordway Holdings S.A. <div style="vertical-align: super;font-size: smaller;display:inline;">(5)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Panama</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Real estate broker</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Grupo Agromercantil Holding S.A.</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Panama</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Holding</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Banco Agr&#237;cola S.A.</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">El Salvador</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Banking</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">97.36%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">97.36%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">97.36%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Arrendadora Financiera S.A. Arfinsa</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">El Salvador</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Leasing</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">97.37%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">97.37%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">97.36%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Credibac S.A. de C.V.</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">El Salvador</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Credit card services</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">97.36%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">97.36%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">97.36%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Valores Banagr&#237;cola S.A. de C.V.</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">El Salvador</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Securities brokerage</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">98.89%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">98.89%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">98.89%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Inversiones Financieras Banco Agr&#237;cola S.A IFBA</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">El Salvador</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Investments</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">98.89%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">98.89%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">98.89%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Gestora de Fondos de Inversi&#243;n Banagricola S.A.</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">El Salvador</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Administers investment funds</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">98.89%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">98.89%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">98.89%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Arrendamiento Operativo CIB S.A.C.<div style="vertical-align: super;font-size: smaller;display:inline;">(7)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Peru</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Operating leasing</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Fondo de Inversi&#243;n en Arrendamiento Operativo - Renting Per&#250;<div style="vertical-align: super;font-size: smaller;display:inline;">(8)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Peru</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Car Rental</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Capital Investments SAFI S.A. <div style="vertical-align: super;font-size: smaller;display:inline;">(8)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Peru</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Trust</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">FiduPer&#250; S.A. Sociedad Fiduciaria<div style="vertical-align: super;font-size: smaller;display:inline;">(7)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Peru</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Trust</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">98.81%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">98.81%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">98.81%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Leasing Per&#250; S.A. <div style="vertical-align: super;font-size: smaller;display:inline;">(8)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Peru</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Leasing</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Banagr&#237;cola Guatemala S.A<div style="vertical-align: super;font-size: smaller;display:inline;">.(8)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Guatemala</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Outsourcing</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">99.16%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">99.16%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Banco Agromercantil de Guatemala S.A.</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Guatemala</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Banking</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Seguros Agromercantil de Guatemala S.A.</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Guatemala</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Insurance company</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">59.17%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">59.17%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">59.17%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Financiera Agromercantil S.A.</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Guatemala</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Financial services</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Agrovalores S.A.</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Guatemala</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Securities brokerage</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Tarjeta Agromercantil S.A. <div style="vertical-align: super;font-size: smaller;display:inline;">(8)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Guatemala</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Credit Card</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Arrendadora Agromercantil S.A.</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Guatemala</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Operating Leasing</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Agencia de Seguros y Fianzas Agromercantil S.A.</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Guatemala</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Insurance company</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Asistencia y Ajustes S.A.</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Guatemala</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Services</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 70.9pt;padding-right: 0;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-indent: -0.98in; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Serproba S.A.</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Guatemala</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Maintenance and remodelling services</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Servicios de Formalizaci&#243;n S.A.</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Guatemala</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Loans formalization</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 30.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">ENTITY</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">JURISDICTION</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">OF</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">INCORPORATION</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 16.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">BUSINESS</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">PROPORTION OF</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">OWNERSHIP</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">INTEREST AND</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">VOTING POWER</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">HELD BY THE</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">BANK&#160;2018 </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">PROPORTION OF</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">OWNERSHIP</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">INTEREST AND</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">VOTING POWER</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">HELD BY THE</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">BANK&#160;2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">PROPORTION OF</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">OWNERSHIP</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">INTEREST AND</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;VOTING POWER</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;HELD BY THE</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">BANK&#160;2016</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Conserjeria, Mantenimiento y Mensajer&#237;a S.A.</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Guatemala</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Maintenance services</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Media Plus S.A. <div style="vertical-align: super;font-size: smaller;display:inline;">(8)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Guatemala</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Advertising and marketing</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Mercom Bank Ltd.</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Barbados</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Banking</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">New Alma Enterprises Ltd.</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Bahamas</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Investments</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Bancolombia Puerto Rico Internacional Inc.</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Puerto Rico</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Banking</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Bancolombia Caym&#225;n S.A.</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Cayman Islands</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Banking</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; 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letter-spacing: 0px; top: 0px;;display:inline;">Bagr&#237;cola Costa Rica S.A.</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Costa Rica</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Outsourcing</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">99.16%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">99.16%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">99.16%</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; text-indent: -0.13in; margin-left: 0.13in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">&#160;</div></div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 0.3pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">(1)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">The decrease in the shareholding is due to the repurchase of outstanding stock by the subsidiary.</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 0.3pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">(2)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">During 2018, the Bank's shareholding decreased in the subsidiary's capitalization process.</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 0.3pt;"><div style="font-family: &quot;times new roman&quot;, serif; 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font-size: 10pt; line-height: normal; background: none;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">(4)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Investment absorbed by Banistmo Capital Markets Group, Inc. during 2017.</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 0.3pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">(5)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Investments in non-operational stage.</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 0.3pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">(6)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Investment absorbed by Banistmo Capital Markets Group, Inc. during 2018.</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 0.3pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">(7)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Investment classified as assets held for sale. See Note 12 Assets held for sale and Inventories.</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 0.3pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">(8)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Investment liquidated during 2018.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">When necessary, adjustments are made to the accounting principles in the financial statements of subsidiaries to bring their accounting policies into line with the Bank&#8217;s accounting policies.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">All intragroup assets and liabilities, equity, income, expenses and cash flows relating to transactions between members of the Bank are eliminated in full on consolidation.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Non-controlling interests in controlled entities are presented in profit or loss and equity separately from the Parent Company stockholders&#8217; equity and profit or loss. When the Bank loses control over a subsidiary, any residual interest remaining on the Bank&#8217;s balances is measured at fair value; gains or losses arising from this measurement are recognized in net income</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">There are restrictions on the ability of the Parent Company to obtain distributions of capital, due to the regulatory requirements of its subsidiaries in Panama. Banistmo and Bancolombia Panama have net assets before intercompany eliminations amounting to COP 8,186,449 and COP 6,872,171 at December 31, 2018 and 2017, respectively.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The loans and financial leases granted by those subsidiaries are subject to prudential regulation in Panama issued by the Panamanian Superintency of Banks including a requirement to maintain minimum reserves as a countercyclical capital buffer. For the years ended at December 31, 2018 and 2017, the reserves recognized amounted to COP 1,020,913 and COP 616,814. These requirements restrict the ability of the aforementioned subsidiaries to make remittances of dividends to Bancolombia S.A., the ultimate parent, except in the event of liquidation.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Transactions between entities under common control</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Combination of entities under common control, i.e. transactions in which all the combining entities are under the control of the Bank both before and after the combination, and that control is not transitory, are outside the scope of the IFRS 3- Business combinations. Currently, there is no specific guidance for these transactions under IFRS, therefore, as permitted by IAS 8, the Bank has developed an accounting policy considering the pronouncements of other standard-setting bodies. The assets and liabilities recognized as a result of transactions between entities under common control are recognized at the carrying value of the acquiree&#8217;s financial statements. The Bank presents the net assets received prospectively from the date of the transfer.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.5in; margin-top: 0px; text-align: justify; text-indent: -0.25in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Investments in associates and joint ventures</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">An associate is an entity over which the Bank has significant influence. Significant influence is the power to participate in the financial and operating policy decisions of the investee but is not control or joint control over those policies.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">A joint venture is an entity that the Bank controls jointly with other participants, where the parties maintain a contractual agreement that establishes joint control over the relevant activities of the entity (which only exists when decisions about those activities require unanimous consent of the parties sharing control) and the parties have rights to the net assets of the joint arrangement.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;">At the acquisition date, the excess of the acquisition cost of the associate or joint venture shares exceeding the Bank&#180;s share of the net fair value of identifiable assets and liabilities of the investee is recognized as goodwill and it is included in the carrying amount of the investment and it is not amortized. When necessary, the entire carrying amount of the investment (including goodwill) is tested for impairment as a single asset in accordance with IAS 36 Impairment of Assets Impairment losses are recognized in net income and are calculated as the difference between the recoverable amount of the associate or joint venture, using the higher of its value in use and its fair value less costs of disposal, and its carrying value.</div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The results and assets and liabilities of associates or joint ventures are incorporated in the consolidated financial statements using the equity method of accounting, except when the investment, or a portion thereof, is classified as held for sale, in which case it is accounted for in accordance with IFRS 5. When an investment in an associate or joint venture is held by, or is held indirectly through, an entity that is a venture capital organization, or a mutual fund, unit trust or similar entities, and such investment is measured at fair value through profit or loss in that entity, the Bank may elect to measure investments in those associates and joint ventures at fair value through profit or loss in the consolidated financial statements. This election is applied on an investment by investment basis.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Under the equity method, the investment is initially recorded at cost and adjusted thereafter to recognize the Bank&#8217;s share of the profits or loss and other comprehensive income of the associate or join venture. When the Bank's share of losses of an associate or joint venture exceeds the Bank's interest in that associate or joint venture (which includes any long-term interests that, in substance, form part of the Bank's net investment in the associate or joint venture), the Bank discontinues recognizing its share of further losses. Additional losses are recognized only to the extent that the Bank has incurred legal or constructive obligations or made payments on behalf of the associate or joint venture.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">When the equity method is applicable, adjustments are considered in order to adopt uniform accounting policies of the associate or joint venture with the Bank. The portion that corresponds to the Bank for changes in the investee&#180;s other comprehensive income items is recognized in the consolidated statement of comprehensive income as &#8220;Unrealized gain/(loss) on investments&#160;in associates and joint ventures using equity method&#8221; and gains or losses of the associate or joint venture are recognized in the consolidated statement of income as &#8220;Dividends received and share of profits of equity method investees&#8221;, in accordance with the Bank's participation. Gains and losses resulting from transactions between the Bank and its associate or joint venture are recognized in the Bank&#180;s consolidated financial statements only to the extent of unrelated investor&#180;s interest in the associate or joint venture. The equity method is applied from the acquisition date until the significant influence or joint control over the entity is lost.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The unrealized gain or loss of an associate or joint venture is presented in the consolidated statement of comprehensive income, net of tax. 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The difference between the associate or joint venture carrying value (taking into account the relevant items of other comprehensive income), the fair value of the retained residual investment and any proceeds from disposing of a part interest in the associate or joint venture, is recognized in the </div> statement <div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> of income. The currency translation adjustments recognized in equity are reclassified to net income at the moment of disposal.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">For further informacion please see note 7.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; text-indent: 0.79in; background: none;"><div style="white-space: pre-line; 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In this case the Bank recognizes goodwill in the event that consideration transferred exceeds the net of the acquisition date amounts of the identifiable assets acquired and the liabilities assumed. Goodwill is tested for impairment at least annually.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">When the Bank transacts with a joint operation in which the Parent Company or its subsidiaries is a joint operator (such as a sale or contribution of assets), the Bank is considered to be conducting the transaction with the other parties to the joint operation, and gains and losses resulting from the transactions are recognized in the Bank&#8217;s consolidated financial statements only to the extent of other parties&#8217; interests in the joint operation.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">When the Bank transacts with a joint operation in which the Parent Company or its subsidiaries is a joint operator (such as a purchase of assets), the Bank does not recognize its share of the gains and losses until it resells those assets to a third party.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Funds administration</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.5in; margin-top: 0px; text-align: justify; text-indent: -0.25in; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank manages assets held in mutual funds and other forms of investment. 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font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td rowspan="2" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Name</div></div></div></td><td rowspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; 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font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">the Bank, 2017</div></div></div></td><td rowspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">% of ownership</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;interest held by</div></div><br/><div style="color: rgb(0, 117, 192); 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font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December</div></div><br/><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December</div></div><br/><div style="color: rgb(0, 117, 192); 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font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">67.39%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">68.23%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">68.23%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 0;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">11,616</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 0;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,343</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Suvalor Panam&#225; Fondo de Inversi&#243;n</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Panam&#225;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100.00%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 0;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">244</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 0;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; 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The principal place of business of FCP Colombia Inmobiliario is Bogot&#225; (Colombia).</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">As of December 31, 2018, and 2017, there were no dividends declared by this subsidiary. 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font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 17.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 17.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2016</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assets</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,205,133</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,698,224</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,009,382</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Liabilities</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">963,841</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,048,867</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">655,315</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net assets</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,241,292</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,649,357</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,354,067</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Condensed statement of income</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Income</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-indent: 0.24in; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Valuation of investment properties</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">70,933</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">81,816</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">52,543</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-indent: 0.24in; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Valuation of trust rights</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">29,161</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">53,143</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,903</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-indent: 0.24in; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Rents</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">147,324</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">135,135</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">120,811</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-indent: 0.24in; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Profits of equity method investees </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">96,201</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">144,146</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-indent: 0.24in; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Other income </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,940</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,493</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,616</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total Income</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">350,559</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">418,733</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">188,873</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Expenses</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-indent: 0.24in; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Interest on loans</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">67,593</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">68,900</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">67,558</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-indent: 0.24in; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Trust fees</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">554</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">322</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9,004</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-indent: 0.24in; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Other expenses</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">121,162</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">86,270</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">49,078</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total Expenses</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">189,309</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">155,492</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">125,640</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net Income</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">161,250</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">263,241</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">63,233</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Condensed cash flow</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Net cash (used in) provided by operating activities</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(351)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(394)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(372)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Net cash (used in) provided by investing activities</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Net cash (used in) provided by financing activities</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">334</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">409</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">375</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Cash and cash equivalents at beginning of year</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">18</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Cash and cash equivalents at end of year</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">18</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The information above are the amounts before inter-company eliminations.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">As of December 31, 2018, 2017 and 2016, the profit allocated to non-controlling interest amounted to COP 78,570, COP 96,179 and COP 23,701, respectively.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">As of December 31, 2018, 2017 and 2016, the accumulated non-controlling interest of the FCP Colombia Inmobiliario amounted to COP 1,091,802, COP 602,548 and COP 507,115, respectively.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Grupo Agromercantil Holding S.A.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">As of December 30, 2018, the portion of ownership in Grupo Agromercantil Holding by the non-controlling interest was 40.00%, which is considered as a significant non-controlling interest for the Bank and its subsidiaries. Guatemala is the principal place of business of GAH and its subsidiaries.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table summarizes the assets, liabilities, net assets, net income and cash flows as of December 31, 2018, 2017 and 2016 of GAH.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 49.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 17.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 17.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 17.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2016</div></div></div></td></tr><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assets</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">13,556,250</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">12,191,869</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">11,795,358</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Liabilities</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">12,209,984</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">10,847,895</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">10,477,427</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Equity</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,346,266</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,343,974</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,317,931</div></div></div></td></tr><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Condensed statement of income</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Net interest margin and valuation income on financial instruments after impairment on loans and financial leases and off-balance sheet credit instruments</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">388,932</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">389,463</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">393,972</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Total fees and commission, net</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">111,932</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">101,565</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">58,745</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Other operating income</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">52,286</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">54,246</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">55,942</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Dividends received and equity method</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">579</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">608</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">779</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total operating income, net</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">553,729</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">545,882</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">509,438</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Operating expenses</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(458,277)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(445,038)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(435,430)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Income tax</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(15,910)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(21,546)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(11,197)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net income</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">79,542</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">79,298</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">62,811</div></div></div></td></tr><tr><td colspan="4" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Condensed cash flow</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Net cash (used in) provided by operating activities</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(66,235)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">192,850</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(136,878)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Net cash (used in) provided by investing activities</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">244,949</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,427)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(4,157)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Net cash (used in) provided by financing activities</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,983)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(87,103)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(77,684)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Cash and cash equivalents at beginning of year</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,324,893</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,098,861</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,359,176</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Cash and cash equivalents at end of year</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,500,624</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,203,181</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,140,457</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Other comprehensive income</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Investments&#160;at fair&#160;&#160;value&#160;&#160;through OCI</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(6,598)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,241</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,682</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Translation adjustment</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">43,803</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">15,758</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(64,195)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Others</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(3,922)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(3,042)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,959</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total other comprehensive income</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">33,283</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">14,957</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(53,554)</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; text-indent: 0.79in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">For the year 2018, 2017 and 2016, the dividends received from Grupo Agromercantil amounted to COP 50,341, COP 39,482 and COP 46,416, respectively.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.98in; margin-top: 0px; text-align: justify; text-indent: -0.48in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 0.0050 0.0050 0.0050 0.0050 117798000000000 31993000000000 22870000000000 0.0589 0.0050 0.0050 0.0050 0.0050 0.0356 0.1572 0.0493 0.1150 0.0695 0.0433 0.0449 0.1207 <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The table below presents derivative instruments subject to enforceable master netting agreements and other similar agreements but not offset in the statement of financial position as of December 31, 2018 and 2017 by derivative and by risk:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2018</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 59.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: center; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 19.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Derivatives Assets</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 22.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Derivatives Liabilities</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Over-the-counter</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Foreign exchange contracts</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Swaps</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,199,236</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(700,903)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Forwards</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">294,345</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(299,015)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Options</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">96,218</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(29,589)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Interest rate contracts</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.00in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Swaps</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">252,928</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(257,978)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Equity contracts</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.01in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Forwards</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">981</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(7,585)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Gross derivative assets/liabilities</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,843,708</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,295,070)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Derivative financial instruments in statement of financial position</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,843,708</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,295,070)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Master netting agreements</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,179,503)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,295,070</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Cash collateral received/paid</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(471,340)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total derivative financial instruments assetss/ liabilities before collateral and Master netting agreements</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">192,865</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2017</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 59.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: center; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 19.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Derivatives Assets</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 22.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Derivatives Liabilities</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Over-the-counter</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Foreign exchange contracts</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Swaps</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">672,558</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(505,823)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Forwards</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">172,310</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(142,976)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Options</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">14,995</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(16,943)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Interest rate contracts</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.00in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Swaps</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">274,137</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(275,641)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Equity contracts</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-indent: 0.01in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Forwards</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">372</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(4,470)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Gross derivative assets/liabilities</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,134,372</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(945,853)</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Derivative financial instruments in statement of financial position</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,134,372</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(945,853)</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Master netting agreements</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(894,863)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">945,853</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Cash collateral received/paid</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(239,509)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total derivative financial instruments assetss/ liabilities before collateral and Master netting agreements</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table sets forth the notional amount and fair value of the hedged item recognized in the statement of financial position as &#8216;Financial assets investments&#8217;, as of December 31, 2018 and 2017:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 51.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 24.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 25.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Notional amount&#160;&#160;</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; 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font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">285,463</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">341,229</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 51.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 24.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 25.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In thousands of USD</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Notional amount&#160;&#160;</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; 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border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Functional and presentation currency</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Items included in the financial statements of each of the Bank&#8217;s entities are measured using the currency of the primary economic environment in which the entity operates (&#8216;the functional currency&#8217;). The consolidated financial statements are presented in Colombian pesos, which is the functional currency for the Parent Company, and the presentation currency for the consolidated financial statements. 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Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation of monetary assets and liabilities denominated in foreign currencies at period end exchange rates are generally recognized in net income. 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When a gain or loss on a non-monetary item is recognized in Stament of other comprehensive income, any exchange component of that gain or loss is recognized in other comprehensive income. Conversely, when a gain or loss on a non-monetary item is recognized in net income, any exchange component of that gain or loss shall be recognized in net income.</div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Foreign subsidiaries</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-left: 0.25in;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The results and financial position of foreign operations (none of which has the currency of a hyperinflationary economy) that have a functional currency different from the Bank&#180;s presentation currency are translated into the presentation currency as follows:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-left: 0.25in;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 112, 192); font-family: symbol; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#61623;</div><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; 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background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 95%;;margin-left :auto;margin-right :auto;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 40.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; 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This result includes the base and alternative scenarios of the individual methodology. 91000000 <div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">7.4.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Financial assets</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">At initial recognition, the Bank measures financial assets at fair value plus, in the case of a financial asset that is not measured at fair value through profit or loss, the transaction costs directly attributable to the acquisition of the financial assets. Financial assets are then classified considering their subsequent measurement at fair value through profit or loss, fair value through OCI or amortized cost on the basis of the business model for managing the financial assets and the contractual cash flow characteristics of the instrument. In addition, for particular investments in equity instruments, in accordance with IFRS 9, the Bank made the irrevocable election to present subsequent changes in fair value in other comprehensive income.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">7.4.1</div></div><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Money market operations.</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Interbank assets and interbank deposits</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">These are funds that the Bank lends to other financial institutions or borrows from the Central Bank and other financial institutions. The transactions in an asset position with maturity of up to ninety days are classified as cash equivalents. The operations in an asset position with maturity greater than ninety days and all the operations in a liability position are measured at amortized cost and presented as &#8220;Other assets&#8221; or &#8220;interbank deposits&#8221;, respectively.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Repurchase agreements and other similar secured transactions</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; text-indent: -0.25in; background: none;"><div style="white-space: pre-line; color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: symbol; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#61623;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Asset Position</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Asset position refers to transactions accounted for as collateralized lending in which the Bank purchases securities with an agreement to resell them back to the seller at a stated price plus interest at a specified date, not exceeding one year. Repos in asset position are initially recognized at the consideration paid and they are subsequently measured at amortized cost. The difference between the purchase value and resale price is recorded in net interest income and accrued over the life of the agreement using the effective interest rate method.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: symbol; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#61623;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Liability Position</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Liability position refers to transactions accounted for as collateralized borrowing in which the Bank sells debt securities with an agreement to repurchase them back from the buyer at a stated price plus interest at a specified date, not exceeding one year.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The securities sold under those agreements are not derecognized from the statement of financial position when the Bank substantially retains all of the risks and rewards of the securities. However, the securities are disclosed as pledged assets. The amounts received are initially recognized, at fair value, as a financial liability and subsequently measured at amortized cost. 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The effective interest rate is the discount rate at which the present value of future estimated cash payments or those received through the expected life of the financial instrument, or, when appropriate, in a shorter time frame, are equal to the net carrying value at the beginning. To calculate the effective interest rate, the Bank estimates cash flows considering all the contractual terms of the financial instrument, including transaction costs and premiums granted minus commissions and discounts, but without considering future credit losses.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Securities at fair value through profit or loss</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">These are equity securities and debt securities that are not subsequently measured at amortized cost or at fair value through other comprehensive income. The difference between the current fair value and the immediately preceding fair value of the respective security is recorded as a higher or lower value of the asset, affecting the statement of income.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Investments at fair value through other comprehensive income (applicable since January 1, 2018)</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Investments in debt securities are classified as measured at fair value through other comprehensive income if they are maintained under a business model whose objective is achieved by both obtaining the contractual cash flows and selling the instruments and, in addition, the instruments give rise, on specific dates to cash flows that correspond only to payments of capital and interest on the principal amount outstanding.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Changes in fair value of the investment are recognize in other comprehensive income, except for impairment gains or losses, interest income and foreign exchange gains or losses which are recognized in profit or loss. When the financial asset is written off, the accumulated gain or loss previously recognized in other comprehensive income is reclassified from equity to the statement of income. Interest income from these financial assets is recognized in the statement of income as &#8216;</div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Interest and valuation on investments&#8217;</div></div><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> using the effective interest rate method.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">7.4.3</div></div><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Equity instruments at fair value through other comprehensive income</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank has made an irrevocable election to present in other comprehensive income, subsequent changes in fair value of some equity instruments that are not held for trading; dividends from this type of instrument are recognized in net income only when the entity&#8217;s right to receive payment of the dividend is established.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">7.4.4</div></div><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Loans and advances to customers and financial institutions, leases and other receivables</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">These are financial assets that consist primarily of corporate loans, personal loans (including mainly consumer finance and overdrafts), residential mortgage loans and financial leases. The Bank established that loans, advances to customers and other receivables are held within a business model whose objective is to hold them in order to collect contractual cash flows and the contractual terms give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. They are initially measured at fair value, plus transaction costs and origination fees that are directly attributable to the acquisition. They are subsequently measured at amortized cost using the effective interest rate method.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">7.4.5</div></div><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Impairment of financial assets at amortized cost or at fair value through other comprehensive income &#8220;FVOCI&#8221;</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">7.4.5.1</div></div><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Impairment of loans</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Application for the period beginning on January 1, 2018 (IFRS 9):</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">At the end of each period, The Bank assesses impairment based on the expected loss of a financial asset or group of financial assets measured at amortized cost, or at fair value through other comprehensive income, where the impairment loss will be measured from &#8220;day 1&#8221; after its initial recognition. The model is structured in three phases in which the financial asset or group of financial assets can be categorized, from its initial recognition, considering the degree of credit risk and the circumstances that have produced a significant increase in it.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 30.0%;"><div style="font-family: &quot;times new roman&quot;, serif; 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font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: wingdings; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#61607;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank additionally reviews each semester if there are collective criteria for the migration of a group of clients to stage 2, for example, if a significant change has occurred from the origin in a specific product or geographic region or the occurrence of industry, regulatory, market or any other events that are considered significant with respect to their impact on the generation of future cash flow of the clients group operation.</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Refutable presumption of more than 30 days of default</div></div><div style="background: none; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; 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The basis for rebutting this presumption is that there is reasonable and sustainable information that shows that when the contractual payments are more than 30 days past due, this does not represent a significant increase in the credit risk of a financial instrument, the main ones causes are:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="color: rgb(33, 33, 33); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: wingdings; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#61607;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">A percentage of Banistmos mortgage portfolio is 31-60 delinquency for operational issues due to the collection of checks (which generate a high operational burden), so that the payment culture exceeds 30 days past due. In accordance with IFRS 9.B5.5.20, when a non-payment effects results from an administrative oversight, instead of a financial difficulty of the borrowers, it is possible to rebut this presumption.</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-size: 10pt; line-height: normal;">&#160;</div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;">&#160;</div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: wingdings; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#61607;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">There is no relationship between mortgages whose payments are past due for more than 30 days past due and the default, since only 15% deteriorate, but ia relationship is evidenced when the payments are more than 60 days past due, in which case approximately 74% is deteriorated.</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.5in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">In accordance with the previous paragraph, the significant increase credit risk for Banistmo's mortgage portfolio is defined at 60 days past due.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="color:#000000; font:10pt 'times new roman', times, serif; letter-spacing:normal; orphans:2; text-indent:0px; text-transform:none; white-space:normal; widows:2; word-spacing:0px; -webkit-text-stroke-width:0px; text-decoration-style:initial; text-decoration-color:initial; margin:0pt 0px; text-align:justify"><div style="letter-spacing: 0px; top: 0px;;display:inline;">The following table show the participation for each of the stages and the distribution of stage 2 is detailed for the reasons that represent the significant increase credit risk.</div></div><div style="color: rgb(0, 0, 0); font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; text-align: justify; background: none;"><div style="text-decoration: none; background: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><table style="font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; width: 100%; border-collapse: collapse; border-spacing: 0px;"><tr><td rowspan="2" style="border-bottom: 1pt solid black; border-top: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: center; font-size: 10pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Portfolio</div></div></td><td rowspan="2" style="border: 1pt solid black; padding: 0px 3.5pt; text-align: center; font-size: 10pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Stage 1</div></div></td><td colspan="5" style="border-bottom: 1pt solid black; border-top: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; font-size: 10pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;Stage 2</div></div></td><td rowspan="2" style="border-bottom: 1pt solid black; border-top: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; font-size: 10pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Stage<br/>3</div></div></td></tr><tr><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; font-size: 10pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Threshold</div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; font-size: 10pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Watch List</div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; font-size: 10pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Restructured</div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; font-size: 10pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">More Than<br/>30 Days</div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; font-size: 10pt; line-height: 10pt;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></td></tr><tr><td style="width: 555.688px; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Commercial</div></td><td style="width: 178.688px; border-left: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">89.2%</div></td><td style="width: 178.688px; padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">29.5%</div></td><td style="width: 179.688px; padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">61.4%</div></td><td style="width: 179.688px; padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.6%</div></td><td style="width: 178.688px; padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.5%</div></td><td style="width: 178.688px; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.1%</div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; width: 177.688px; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.7%</div></td></tr><tr><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Consumer</div></td><td style="border-right: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">88.9%</div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">67.4%</div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.8%</div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9.7%</div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">22.1%</div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.9%</div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.3%</div></td></tr><tr><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Mortgage</div></td><td style="border-right: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">88.2%</div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">65.5%</div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.0%</div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">11.3%</div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">23.1%*</div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.2%</div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.7%</div></td></tr><tr><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total Portfolio</div></div></td><td style="border: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">89.0%</div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">48.1%</div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">30.7%</div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">7.1%</div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">14.1%</div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">4.2%</div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">6.8%</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="color: rgb(0, 0, 0); font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; text-align: justify; background: none;"><div style="text-decoration: none; background: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;">* The significant increase credit risk for Banistmo's mortgage portfolio is 60 days past due.<div style="font-family: &quot;times new roman&quot;, serif; 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font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: wingdings; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#61607;</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank additionally, aligns all the loans of the same modality of the client to stage 3 when one of its obligations is in default.</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="color: rgb(33, 33, 33); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Refutable presumption of more than 90 days of default</div></div><div style="background: none; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="background: #ffffff;font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank has reviewed for each portfolio the presumption loss in 90 days past due, and finds historical evidence of high probability of loss in the 90 days, except for Banistmo's mortgage portfolio, where the Bank has rebutted the presumption, given that there is historical evidence that the loss occurs at 180 days past due through the analysis of transition matrices, therefore the default for this portfolio is given at 180 days past due.</div></div><div style="background: none; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Measurement of expected credit losses by Collective methodology:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The quantification of the expected credit losses collectively is done according to: the classification of the stages, the homogeneous groups defined in each type of portfolio and the client&#8217;s risk level.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The segmentation of homogeneous groups is carried out by type of client; for individuals it is grouped by products and for companies by industry segments based on the sales level of the client.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Similarly, the risk level is assigned by type of client; for individuals the risk is measured using a behavioral scoring model for consumer products and a behavioral scoring for housing products. The function of these models is to rank the clients according to risk and thus have a better follow-up with them, the scoring is based on historical behavior and variables associated with each one of the products.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">For companies, the level of risk is measured based on an internal rating model, which uses qualitative and quantitative variables as financial indicators of the client and then rankes them on a scale of 10 levels. The rating is affected by qualification programs of the region, factors of the local market and the knowledge of the client in the market, in addition to their financial state.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">For further details please see Note 31 Risk Management, section: Description of Loans and Financial Leases.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">To estimate the expected credit losses (ECL) under the collective methodology the following formula is used:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">ECL = Probability of Default * Loss Given Default * Esposure At Default</div></div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The factors are estimated using statistical models developed from internal historical information of the entity and then adjusted with forward-looking information as described below:</div></div><div style="font-family: &quot;times new roman&quot;, serif; 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IFRS 9 proposes the specification of this parameter and its application according to the classification of Stages 1, 2 and 3.</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.5in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 54pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">o</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">PD 12 months: Is the estimated probability of occurrence of a default in the next 12 months of the instrument&#8217;s life as of the date of analysis. The Bank, according to the standard, estimated this probability for healthy portfolios that do not present a significant increase in risk or any evidence of impairment, that is, portfolios classified in Stage 1. To estimate the probability of default in the next 12 months, the Bank uses traditional techniques such as logistic regression, modeling the behavior of the portfolio by level of risk for each of the segments.</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 54pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">o</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Lifetime PD: Is the estimated probability of occurrence of a default over the remaining life of an instrument, being dependent on the conditions of the product and the level of risk. The Bank estimated this probability for the portfolio with a significant increase in credit risk, that is, classified in Stage 2. The Bank estimates this probability using survival models which employ a statistical analysis to quantify the survival rate of a portfolio for a given period.</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.5in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 54pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">o</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">PD Stage 3: The clients evaluated by the collective methodology in Stage 3 have an associated probability of default of 100%.</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 1in; margin-top: 0px; text-align: justify; text-indent: -0.25in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: symbol; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#61623;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Loss Given Default (LGD) or severity:Is the percentage of exposure that the entity ultimately expects to lose in the event of a default in a financial instrument. The general formulation for the calculation of the LGD is = 1- Recovery Percentage, where the Recovery Ppercentage refers to the sum of the flows received from the transaction discounted at the rate for the client on the date of analysis on the total of the exposure at the time of default, including contractual debt sales and other recovery strategy. For secured products, this is primarily based on collateral type and projected collateral values, historical discounts to market/book values due to forced sales, time to repossession and recovery costs observed.</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.5in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; 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As these are issues whose detailed study is beyond the scope of this team, the estimates made by external analysts are taken as reference.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Analytical Perspective: includes the compilation of the historical information for the most important economic and financial variables of the country. The information bases are compiled from official sources, which mostly correspond to official authorities, such as the Superintendency or Central Bank of each country. The Bank estimates forecasts based on time series models widely used in econometrics.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">As a result, projections are obtained for the economic variables of interest, which are formulated monthly in a time horizon that includes the current year and five subsequent years. After five years, given the technical difficulties and the high uncertainty, the projection of the economic variables for the total remaining useful life of each instrument corresponds to the value of the fifth year projection.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Given that the business cycle length has varied between 4 to 4.5 years on average in the period between 1906 and 2018, the Grupo Bancolombia&#8217;s Economic Research Division considers that it is appropriate to forecast the economic indicators for a 5 year horizon in order to capture the main dynamics of the economy. 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In otherc| words, we seek to formulate possible, not extreme, scenarios. The projections of the base scenario correspond to the average estimate of internal analysts, while for the pessimistic scenario the observation of the 20th percentile is taken and for the optimistic scenario the 80th percentile.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The base scenario comes directly from the results of the projection models developed for each indicator, this scenario has a weighting of 60%. On the other hand, both the optimistic and the pessimistic scenarios are determined based on the values of the base scenario adjusted according to the standard error of the projections (each scenario has a weighting of 20%).</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table sets forth the main macroeconomic variables that are used to incorporate the prospective information and its projections:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;">&#160;</div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="8" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Scenarios Macroeconomic Projections Colombia</div></div></div></td></tr><tr><td colspan="8" style="border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding-bottom: 0px; padding-right: 3.5pt; padding-top: 0px; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; margin-left: 0in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Base Scenario </div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">GDP</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">growth</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Inflation</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Monetary Policy</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;Rate</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Unemployment</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Exchange rate</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Exports</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Imports</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.8%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.1%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.8%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9.6%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,992</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">37,385</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">46,076</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.6%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.4%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.3%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9.3%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,060</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">43,035</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">50,140</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.2%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.4%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.8%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.8%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,130</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">47,290</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">54,960</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.4%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.2%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.3%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.7%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,260</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">46,072</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">59,352</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2021</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.1%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.1%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.6%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,320</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">44,548</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60,539</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2022</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.3%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.8%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.5%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,370</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">48,213</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">62,658</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2023</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.4%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.0%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.8%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.3%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,430</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">52,574</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">65,791</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="8" style="border-width: 1pt; border-style: solid; border-color: rgb(0, 0, 0); padding-bottom: 0px; padding-right: 3.5pt; padding-top: 0px; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; margin-left: 0in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Optimistic Scenario </div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">GDP </div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">growth</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Inflation</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Monetary Policy</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Rate</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Unemployment</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Exchange rate</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Exports</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Imports</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.8%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.1%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.8%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9.6%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,992</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">37,385</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">46,076</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.7%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.1%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9.3%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,010</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">44,483</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">51,927</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.9%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.1%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.3%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.7%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,000</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">49,381</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">57,541</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.7%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.7%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.5%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.4%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,070</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">48,275</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">64,841</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2021</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.3%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.6%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.3%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.2%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,090</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">46,630</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">63,825</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2022</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.3%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.6%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,110</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">50,338</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">66,443</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2023</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.6%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.5%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.0%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.7%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,130</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">54,700</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">69,576</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="8" style="border-width: 1pt; border-style: solid; border-color: rgb(0, 0, 0); padding-bottom: 0px; padding-right: 3.5pt; padding-top: 0px; vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; margin-left: 0in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Pessimistic Scenario </div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">GDP</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">growth</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Inflation</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Monetary Policy</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Rate</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Unemployment</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Exchange rate </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Exports </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Imports </div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.8%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.1%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.8%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9.6%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,992</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">37,385</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">46,076</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.4%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.7%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.5%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9.4%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,140</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">40,310</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">48,272</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.5%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.3%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9.1%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,360</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">41,973</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">52,285</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.6%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.7%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.8%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,600</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">40,307</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">56,570</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2021</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.1%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.6%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.5%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,740</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">39,946</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">57,905</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2022</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.1%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.6%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.3%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9.1%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,860</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">42,985</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">59,961</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2023</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.1%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.5%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.3%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9.0%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,990</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">47,347</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">63,094</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="7" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Scenarios Macroeconomic Projections Panama</div></div></div></td></tr><tr><td colspan="7" style="border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding-bottom: 0px; padding-right: 3.5pt; padding-top: 0px; vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; margin-left: 0in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Base Scenario </div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 16.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">GDP growth</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Inflation</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Unemployment</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Exports </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Imports </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Current Account Deficit</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.4%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.4%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">24,933</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">26,961</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-8.0%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.7%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6.5%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">27,973</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">28,370</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-5.8%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.1%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.4%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.2%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">29,997</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">29,651</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-4.1%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.9%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.5%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.5%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">30,947</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">30,897</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-4.0%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2021</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.6%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.6%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.9%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">31,647</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">32,271</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.0%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2022</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.5%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.7%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.2%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">32,247</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">33,417</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.6%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2023</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.6%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.8%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.5%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">32,537</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">34,664</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.5%</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="7" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Optimistic Scenario </div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 16.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">GDP growth</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Inflation</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Unemployment</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Exports</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Imports</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Current Account Deficit</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.4%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.4%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">24,933</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">26,961</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-8.0%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.1%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6.2%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">28,373</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">28,170</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-5.8%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.4%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.3%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.1%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">30,597</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">28,751</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.9%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.2%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.5%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.3%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">31,347</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">29,697</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.6%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2021</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.9%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.6%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.6%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">32,047</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">31,071</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-2.7%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2022</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.8%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.6%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.9%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">32,767</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">32,217</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-2.7%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2023</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.9%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.6%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.0%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">33,097</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">33,464</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-2.4%</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="7" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Pessimistic Scenario </div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 16.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">GDP growth</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Inflation</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Unemployment</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Exports </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Imports </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Current Account Deficit</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.4%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.4%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">24,933</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">26,961</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-8.0%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.6%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6.9%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">28,197</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">28,370</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-5.8%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.7%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.7%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.6%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">29,197</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">30,851</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-4.8%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.5%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.9%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.9%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">29,647</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">32,097</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-4.5%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2021</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.2%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.9%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.3%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">30,047</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">33,471</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-4.3%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2022</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.1%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.6%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">30,147</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">34,617</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-4.4%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2023</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.2%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.2%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.9%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">31,737</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">35,864</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-4.5%</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="7" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Scenarios Macroeconomic Projections El Salvador</div></div></div></td></tr><tr><td colspan="7" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Base Scenario </div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 16.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">GDP growth</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Inflation</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Exports </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Imports</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Current Account Deficit</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fiscal Budget Balance</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.3%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,760</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,593</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-2.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-2.3%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.7%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.9%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,939</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">11,883</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.3%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-2.3%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.5%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.8%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,355</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,714</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.4%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-2.4%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.2%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.9%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,884</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">13,370</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.5%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-2.2%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2021</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.9%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,264</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">13,911</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.6%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-2.2%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2022</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.1%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.9%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,746</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">14,416</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.5%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-2.1%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2023</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.2%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.0%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,255</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">14,964</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.4%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-2.1%</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="7" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Optimistic Scenario </div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 16.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">GDP growth</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Inflation</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Exports </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Imports</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Current Account Deficit</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fiscal Budget Balance</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.3%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,760</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,593</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-2.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-2.3%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.2%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.4%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,969</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">11,935</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.1%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-0.8%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.6%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.4%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,503</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,987</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-0.9%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.5%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.7%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,055</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">13,670</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.1%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-0.8%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2021</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.2%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.9%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,455</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">14,228</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.2%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-0.8%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2022</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.4%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.1%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,952</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">14,744</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.1%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-0.8%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2023</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.5%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.2%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,472</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">15,304</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.0%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-0.8%</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="7" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Pessimistic Scenario </div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 16.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">GDP growth</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Inflation</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Exports </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Imports</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Current Account Deficit</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fiscal Budget Balance</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.3%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,760</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,593</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-2.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-2.3%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.3%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.5%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,910</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">11,832</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.3%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.5%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.8%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.1%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,207</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,442</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.7%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.8%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.4%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.1%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,712</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">13,070</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.8%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.6%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2021</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.1%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,073</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">13,594</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.9%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.5%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2022</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.3%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.8%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,541</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">14,087</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.8%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.4%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2023</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.4%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.7%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,039</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">14,623</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.7%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.5%</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="7" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Scenarios Macroeconomic Projections Guatemala</div></div></div></td></tr><tr><td colspan="7" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Base Scenario </div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 16.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">GDP growth</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Inflation</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Exchange rate</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Exports</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Imports</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fiscal Budget Balance</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.8%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.7%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.34</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,983</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">18,389</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.7%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.2%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.77</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,730</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">19,171</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-1.7%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.3%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.90</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,369</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">18,937</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-1.6%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.2%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.7%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.00</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,354</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">18,816</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-1.4%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2021</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.4%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.09</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,769</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">19,399</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-1.3%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2022</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.2%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.3%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.19</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">11,199</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">20,563</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-1.2%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2023</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.3%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.2%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.28</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">11,569</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">21,242</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-1.2%</div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td colspan="7" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Optimistic Scenario </div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">GDP growth</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Inflation</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Exchange rate </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Exports </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Imports </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fiscal Budget Balance</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.8%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.7%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.34</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,983</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">18,389</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.7%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.2%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.7%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.50</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,798</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">19,259</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-1.2%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.4%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.5%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.52</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,656</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">19,290</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-0.9%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.4%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.8%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.50</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,642</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">19,169</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-0.8%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2021</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.4%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.2%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.51</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">11,056</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">19,752</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-0.7%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2022</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.4%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.4%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.51</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">11,719</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">20,443</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-0.7%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2023</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.4%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.3%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.53</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,235</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">21,343</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-0.7%</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="7" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Pessimistic Scenario </div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 16.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">GDP growth</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Inflation</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Exchange rate </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Exports </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Imports </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fiscal Budget Balance</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.8%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.7%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.34 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,983 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">18,389 </div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-3.7%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.7%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.8%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.03 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,662 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">19,083 </div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-2.2%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.1%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.8%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.28 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,082 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">18,584 </div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-1.9%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.3%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.49 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,067 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">18,463 </div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-1.8%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2021</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.7%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.67 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,481 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">19,046 </div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-1.7%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2022</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.86 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,901 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">19,999 </div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-1.8%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2023</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.0%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.9%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9.03 </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">11,119 </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">20,399 </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-1.8%</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Special methodologies applied in Stage 3</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Collateral Methodology</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">For defaulted loans (stage 3), when it is determined that the fundamental source of collection of the loan is a guarantee, the amount of the loss is estimated as the balance owed less the weighted net present value of the market value of the collateral, less the costs of obtaining and selling the collateral, and affected by several macroeconomic scenarios with an expected probability of occurrence that result in a weighted expected loss.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Individual Methodology:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank will individually evaluate defaulted loans (stage 3) with balances greater than COP 15,000 (USD 5 for foreign subsidiaries), analyzing the debt profile of each debtor, the guarantees granted and information on the credit behavior of the client and of the sector. Significant financial assets are considered in default when, based on current or past information and events, it is probable that the Bank will not be able to recover all the amounts described in the original contract, including the interest and commissions agreed to in the contract. When a significant financial asset has been identified as being in default, the amount of the loss is measured as the balance due minus the weighted net present value of the expected future cash flows under two minimum macroeconomic scenarios with an expected probability of occurrence (base and alternative).</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Clients classified as individual metodology will be evaluated at least twice a year and additionally each time a relevant event occurs that is reflected in significant changes in their level of risk and that leads to a change in the scenarios previously analyzed. The relevant events can be:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; 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font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Future value of the guarantee.</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Calculation of NPV Future cash flows are estimated based on two scenarios (base and alternative) that can be affected by the analysi of the guarantee and future value of the guarantee.</div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Application for the period ended on December 31, 2017 (IAS 39, 2011):</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank individually reviews impaired loans with balances greater than COP 5,000 (USD&#160;1.5&#160;for foreign subsidiaries), analyzing the debt profile of each debtor, the guarantees granted and information on the credit behavior in the sector. Significant financial assets are considered impaired when, based on current or past information and events, it is probable that the Bank will not be able to recover the amounts described in the original contract, including the interests and commissions agreed upon in the contract. When a significant financial asset has been identified as impaired, the amount of the loss is measured as the balance due minus the current net value of the estimated future cash flows. To estimate these flows, basic projected hypotheses are used based on qualitative analysis and backed up by information obtained from the Special Client Administration Committee as well as approvals made with Commerce Managers. When it is determined that a fundamental source of credit collection is a guarantee, the amount of loss is estimated as the balance due minus the fair value of the guarantee minus the estimated selling costs.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">For credits that are not considered individually significant and for the portfolio of individually significant credits that are not considered impaired, a collective evaluation is carried out. Portfolios of financial assets with similar characteristics are grouped, using statistical techniques based on the analysis of historical losses to determine an estimated percentage of losses that have been incurred by those assets on the balance date. The percentages of historical losses used in the process are updated to incorporate the most recent data of the current economic conditions, the performance trends by industry or region, or the concentration of obligations in each portfolio of financial assets by segment, and any other relevant information that may affect the provision of loss estimate for financial assets.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The financial assets are removed from the balance from the provision when they are considered non-recoverable. The recoveries of financial assets previously discounted are recorded as an increase in the provision.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Quantification of the losses incurred takes into account three fundamental factors: exposure at default, the probability of default and the loss caused by default:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 36pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: symbol; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#61623;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Exposure at default: It is understood as the exposed balance of assets to the current capital balance, interest and accounts receivable. In the case of products whose nature is revolving and that have an available quota that is susceptible to be used in its entirety according to loan contracts subscribed with clients, this parameter indicates over-use which can be incurred in the event of client default.</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 36pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: symbol; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#61623;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Probability of default (PD): This is the probability that the debtor fails to fulfill their obligations of capital and/or interest payment over a period of twelve months. This is linked to the rating/scoring of each debtor/operation.</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">A hybrid model is used to estimate the probabilities of defaulting based on a through-the-cycle defaulting probability model, and then these probabilities are changed using the following parameters:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#8211;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The LIP (Loss identification Period) parameter changes the probability of defaulting to losses incurred. LIP is the time between the moment of an event that causes a loss and the moment when that loss becomes significant on an individual level. The analysis of LIPs is made based on homogeneous risk portfolios.</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.5in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#8211;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Macroeconomic adjustment: this parameter converts the through-the-cycle (TTC) defaulting probability model into a point-in-time (PIT) model, using an adjustment that reflects the effect of the current conditions. Given that defaulting probability is estimated using a database that contains precedents of historical losses in a complete economic cycle, the macroeconomic adjustment allows suppression of effects from the conditions of the historical period that no longer exist.</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">In the specific case of default assets, the allocated probability of default is 100%. The classification of an asset as &#8220;default&#8221; is made because of a non-payment of 90 days or more (180 days for the Banistmo mortgage portfolio), as well as in cases that there is no non-payment, but where there are doubts about the solvency of the debtor.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 36pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(46, 116, 181); font-family: symbol; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#61623;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Loss given default (LGD): This is defined as the economic impairment in which the entity would incur in the event of any instance of default. This depends mainly upon the characteristics of the debtor and upon the valuation of guarantees or collateral associated with the operation.</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.5in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Once a debt or collection of debts is classed as impaired, the interest revenues are still accounted for using the applicable rate of interest for the discount for future cashflows in order to measure loss due to depreciation.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">7.4.5.2 Investment Impairment (applicable since January 1, 2018):</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Investments are classified in stages according to the risk level (rating) as follows:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Stage 1:&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: wingdings; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#61607;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Investments rated at investment grade.</div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; 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max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 36pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The current external rating is maintained or improved against the rating granted on the date of purchase</div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 36pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; 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font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Investments that are classified as default.</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Significant Increase in Risk</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Investments classified in stage 2 include those instruments that meet the corporate definition of a significant increase in risk. To establish whether a security has a significant increase in risk since the initial recognition, an assessment of the deterioration of the rating at the current date is made against the rating granted at the time of purchase. According to the original classification of the investment, there may be an increase with 1, 2 or 3 notches requared to determine a significant increase in risk, as shown in the following table:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 45%;;margin-left :auto;margin-right :auto;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 50.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">EXTERNAL RATING</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">ORIGIN</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 50.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">SIGNIFICANT INCREASE</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">IN RISK</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Ba1/BB+</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; 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font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3 Notches</div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Ba3/BB-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3 Notches</div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">B1/B+</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2 Notches</div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">B2/B</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2 Notches</div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">B3/B-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; 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background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: wingdings; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#61607;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; 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letter-spacing: 0px; top: 0px;;display:inline;">&#61607;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">All instruments classified in Stage 2 will be assigned a probability of default for the life of the instrument.</div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: wingdings; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#61607;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">All instruments classified in Stage 3 will be assigned a default probability of 100%.</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; 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It must be understood as a resource of atypical use to standardize the behavior of a portfolio, using a new contractual agreement between the parties. Such agreement aims to modify the originally established conditions in order to allow the proper attention to the loan in the light of the real or potential impairment in the debtor&#8217;s payment ability. The loan restructuring is implemented through amendments to the contractual terms, rates and payment terms. In any case, at the restructuring time, all the collateral must be preserved and if possible, the Bank&#8217;s position should be improved by obtaining new guarantees or guarantors that support the obligations.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">In the restructuring, real and personal property can be received as foreclosed assets to cancel partially the obligations. Likewise, the Bank can grant discounts on interest or other related receivables. If necessary, the discount can be applied to loan principal, either because the guarantees or payment sources do not fully cover the total loan or because the agreement does not permit full recovery of the total balance. The terms are reviewed in each negotiation to determine if the client should continue in the portfolio and if so, the terms to restore the business relationship after a certain time.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">A loan that is renegotiated is derecognized if the existing agreement is cancelled and a new agreement made on substantially different terms or if the terms of an existing agreement are modified such that the renegotiated loan is a substantially different instrument. Where such loans are derecognized, the renegotiated contract is a new loan and impairment is assessed in accordance with the Bank accounting policy. Where such loans are not derecognized, impairment continues to be assessed for significant increases in credit risk compared to the initial origination credit risk rating.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">If as a result of restructuring, the financial asset is derecognized, costs and&#160;fees are recognized&#160;in net income, as well the&#160;difference between the value in the balance&#160;sheet&#160;and&#160;the consideration received.&#160;In the case&#160;in which&#160;the modified financial asset&#160;is not derecognized,&#160;the&#160;costs and fees are&#160;deferred&#160;and will be amortized&#160;by the&#160;remaining life&#160;of the modified&#160;asset. The amount of the modified asset is recalculated and the effect of the modification is recognized in profit or loss.</div></div><div style="background: none; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="background: #ffffff;font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Before the commencement of the restructuring process, the Bank should perform an analysis of the debtor&#8217;s projected cash flow in order to evaluate the capacity to pay the proposed plan. 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font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="background: #ffffff;font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;">These are restructurings based on agreement with the client resulting from negotiations between the two parties, without any legal special scheme adopted by the debtor.</div><div style="background: none; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="background: #ffffff;font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; 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However, if there is no reasonable certainty that the Bank will obtain the property at the end of the lease term, the asset is depreciated throughout its life or the lease term, whichever is shorter. The lease payments are divided between interest and debt reduction. The finance charges are recorded in the consolidated statement of income.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The payments for operating leases are recognized on a straight line basis over the term of the lease as expenses in the statement of income during the lease term. 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Financial leases are recognized as the sum of the minimum payments to be received and any unguaranteed residual value, discounted at the lease interest rate. Otherwise, the lease is classified as an operating lease, which is classified in the statement of financial position as premises and equipment. The initial direct costs incurred in the negotiation of an operating lease are added to the carrying value of the leased assets and recorded as a cost during the lease term on the same basis as the lease income. The contingent rents of the leases are recorded as income in the period in which they are obtained.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Among the risks transferred are the possibilities of losses through underutilization, technological obsolescence, decrease in profitability or changes in the economic environment. 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After the initial recognition, the intangible assets are accounted for at cost less any accumulated amortization and any accumulated impairment loss. The costs of internally generated intangible assets, excluding the costs from development that meet the recognition criteria, are not capitalized and the expense is reflected in the statement of income as it is incurred.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The useful lives of intangible assets are determined as finite or indefinite. The intangible assets with finite useful lives are amortized using the straight-line method over their estimated useful lives. The amortization period and the amortization method for intangible assets with a finite useful life are reviewed at least at the close of each period. The expected changes in the useful life or in the pattern of consumption of the future economic benefits of the asset are accounted for when changing the period or amortization method, as appropriate, and they are treated as changes in the accounting estimates. The amortization expense of intangible assets with finite useful lives is recognized in the statement of income. The useful lives of the intangible assets with finite life ranges between 1 and 10 years.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank assesses annually its intangible assets with finite life in order to identify whether any indications of impairment exist, as well as possible reversal of previous impairment losses.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Intangible assets with indefinite useful lives are not subject to amortization, but are periodically tested in order to identify any impairment, either individually or at the cash-generating unit level. The assessment of the indefinite life is reviewed annually to determine if it continues being valid. In the event that the assessment were not valid, the change from indefinite useful life to finite useful life is recognized prospectively.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The gain or loss that arises when an intangible asset is derecognized are measured as the difference between the disposal value and the carrying value of the asset and is recognized in the statement of income.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank&#8217;s intangible assets comprise mainly intangibles of finite useful life: licenses, software and computer applications, client relationships and the legal stability agreement signed with the Ministry of Finance and Public Credit (See note 11 Income tax), customer relationships and patents. 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color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">In the statement of financial position, the related capitalized costs are recorded at cost less accumulated depreciation and accumulated impairment losses.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Costs are capitalized during the application development stage and amortized on a straight-line basis from the beginning of the production stage over the period of expected future economic benefits. 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(see &#8220;Impairment of non-financial assets and cash-generating units and goodwill&#8221;).</div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">11.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Inventories</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The inventories of returned property are those assets that come from an early termination of a lease (returned properties) or those upon which the lease has already concluded (premises and equipment), which are expected to be sold in the normal course of business. These are controlled by the Bank and are expected to generate future economic benefits.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The inventories of returned property are recognized as an asset from the date in which the Bank assumes the risks and benefits of the inventories, provided that the cost of the asset can be reliably measured, and it is probable that it will generate future economic benefits.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The inventories of returned property are valued using the specific identification method and their costs include the carrying value at the time the asset is returned.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The carrying value of returned property is measured at the lower of cost and net realisable value (NRV). The net realisable value is the estimated selling price in the ordinary course of business less its estimated costs to sell. The adjustment in the carrying value to reflect the NRV, is recognized in the statement of income of the period in which the goods are returned. 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Those inventories do not include selling costs.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank must review the NRV of its inventories, at least annually or whenever necessary by market conditions. 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However, these assets are evaluated quarterly if exist impairment indicators that imply review of the carrying value recorded in the accounts. 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If some indication of impairment does exist, the Bank estimates the recoverable amount of the assets and the loss by impairment. Regardless of whether impairment indicators exist, goodwill must be tested annually for impairment.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">If an asset does not generate cash flows that are independent from the rest of the assets or group of assets, the recoverable amount is determined by the cash-generating unit to which the asset belongs.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; 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text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Th</div><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">e amount of impairment losses recognized in net income during the period are included in the Statement of income as &#8220;Impairment, depreciation and amortization&#8221;</div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; 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In the case of arising events that are beyond the control of the Bank and that make remote the realization of these assets, they are identified as "non-tradable" and a completely impairment is carried out</div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">15.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Employee benefits</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">15.1</div></div><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Short term benefits</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank grants to its employee&#8217;s short-term benefits such as bonuses, salaries, accrued performance costs and social security that are expected to be wholly settled within 12 months. 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Any contributions unpaid at the statement of financial position date are included as a liability.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#8722;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Defined benefit plans</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">They are post-employment benefit plans in which the Bank has the legal or constructive obligation to take responsibility for the payments of benefits that have agreed. 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The corresponding expense of any provision is recorded in the statement of income, as a provision ,net of all expected reimbursement. 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top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#8722;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Provisions for loan commitments and financial guarantee contracts; and</div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#8722;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Provisions for legal proceedings, classified as probable to be decided against the Bank.</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none;">&#160;</div><div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Possible obligations that arise from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events, not wholly within the control of the Bank, or a present obligation that arise from past events but are not recognized because it is not probable, that an outflow of resources embodying economic benefits will be required to settle the obligations or the amount of the obligations cannot be measured with sufficient reliability, are not recognized in the financial statement but instead are disclosed as contingent liabilities, unless the possibility of an outflow of resources embodying economic benefits is remote, in which case no disclosure is required.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Possible assets that arise from past events whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events, not wholly within the control of the Bank, are not recognized in the financial statement; instead are disclosed as contingent assets where an inflow of economic benefits is probable. When the realization of income is virtually certain, then the related asset is not a contingent asset and its recognition is appropriate.</div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 20pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">17.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Customer loyalty program</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank maintains a credit card loyalty program to provide incentives to its customers. The program allows customers to purchase goods and services, based on the exchange of awards points, which are awarded based on purchases using the Bank's credit cards and the fulfillment of certain conditions established in such program. Point&#8217;s redemption for prizes is carried out by a third party. According to IFRS 15, the expenses of the Bank's commitments with its clients arising from this program are recognized as a lower value of the fees and commission income, considering the total number of points that can be redeemed over the accumulated prizes and taking into account the probability of redemptions.</div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">18.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Revenue recognition</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="background: none; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="background: #ffffff;font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Policy applicable since of January 1, 2018</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.01in; margin-top: 0px; text-align: justify; text-indent: 0.01in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="background: #ffffff;font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Bank recognizes revenue from ordinary activities, which represent the transfer of goods or services committed with customers in exchange for an amount that reflects the consideration to which the entity expects to be entitled in exchange for such assets or services. Unlike the scope of IAS 18, the recognition and measurement of interest income and dividend income from debt and equity instruments are no longer within the scope of IFRS 15. Instead, they are within the scope of IFRS 9</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank evaluates the contracts and commitments established with customers, identifying compliance with the five steps established in IFRS 15 as follows:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Identifying the contract</div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">: the parties' rights, payment conditions, evaluation of the commercial basis and characteristics of the compensations are identified, and the Bank evaluates if there are modifications or combinations that applied.</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.5in; margin-top: 0px; text-align: justify; text-indent: -0.25in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; color: rgb(46, 116, 181); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Identifying performance obligations: </div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank evaluates the commitments included in the entity's contracts to identify when the customer makes use of the service and whether the obligations are identifiable separately.</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Determining the transaction price:</div><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> The characteristics of the amounts for which the agreed services were exchanged are reviewed in the Bank's contracts, to estimate the effect of the variable consideration in kind, or others payable to the customer.</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.5in; margin-top: 0px; text-align: justify; text-indent: -0.25in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Allocating the transaction price to performance obligations:</div><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> In the evaluation of prices to the Bank's contracts, these are designated individually to the services provided by the Bank, even in the products where there are commitments packaged.</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.5in; margin-top: 0px; text-align: justify; text-indent: -0.25in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; 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Contractual costs constitute non-current assets to the extent that the Bank expects to receive the economic benefits of those assets in a period greater than twelve months. The contractual costs are amortized systematically and consistently with the transfer of the services to the customer once the corresponding revenue has been recognized. 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Contract liabilities constitute the Bank's obligation to transfer goods or services to a customer, for which the Bank has received a payment from the end customer or if the amount is past due. They also include deferred income related to goods or services that shall be delivered or provided in the future, which will be billed to the customer in advance, but which are not yet past due.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Revenue is measured based on the consideration specified in the contract with the customer, and excludes amounts received on behalf of third parties when the Bank is an agent. The Bank recognizes revenue when it transfers control over a good or service to a customer. Revenue is presented net of reimbursements and discounts and after eliminating inter-group sales. The Bank evaluates its revenue categories based on specific criteria in order to determine whether it acts as principal or agent. 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The Bank also discloses information about the relationship between the disclosure of disaggregated revenue and the information of the revenue disclosed for each operating segment.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="background: #ffffff;font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Policy applicable until December 31, 2018</div></div></div><div style="background: none; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Revenue under IAS 18 applicable to the accounting information presented up to the year 2017, was recognized as it was probable that the economic benefits flowed to the entity and the revenues could be measured reliably.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; text-indent: -0.25in; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 36pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">18.1.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Interest income and expenses</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">For all financial instruments measured at amortized cost, interest income and interest expenses are recognized using the effective interest rate. The effective interest rate is the rate that exactly discounts future estimated cash flows payments through the expected life of the financial instrument or, when appropriate, a shorter period, to the net carrying value of the financial liability or asset. The computation takes into account all the contractual conditions of the financial instrument (for example, prepayment options) and includes incremental fees or expenses that are directly attributed to the instrument and are an integral part of the Effective Interest Rate (EIR), but not future credit losses.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">For debt securities at fair value, gains and losses arising from changes in fair value are included in the statement of income as &#8216;Interest and valuation on financial instruments&#8217;.</div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 36pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">18.2.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fees and commission income</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank charges fees for the services it provides to its customers. 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Management bases its estimates and judgments on historical experience and on various other factors that are believed to be reasonable under current circumstances. 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letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; text-align: justify; background: none;">&#160;</div><div style="color: rgb(0, 0, 0); font: 10pt 'times new roman', times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0pt 0px; text-align: justify;">This process enables management to periodically determine whether assumptions and models used to measure credit risk impairment should be adjusted to achieve more precise estimations</div><div style="color: rgb(0, 0, 0); font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; 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The impairment test for goodwill involves estimates and significant judgments, including the identification of cash generating units and the allocation of goodwill based on the expectations of which operating segments the Bank will benefit from the acquisition. The fair value of the acquired companies is sensitive to changes in the valuation models&#8217; assumptions. Adverse changes in any of the factors underlying these assumptions could lead the Bank to record a goodwill impairment charge. Management believes that the assumptions and estimates used are reasonable and supportable in the existing market environment and commensurate with the risk profile of the assets valued. 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The projected unit credit method is used to determine the present value of the obligation for the defined benefits and its associated cost. Future measurements of obligations may differ to those presented in the financial statements, among others, due to changes in economic and demographic assumptions and significant events. For further information, see Note 18.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; text-indent: -0.25in; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">7.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Transaction price determination</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;">With respect to contracts with the Bank&#8217;s customers, for the determination of the transaction price, the Bank allocates to each one of the performance obligations under the contract the price which represents the value expected to be received to each such performance obligation based on its relative stand-alone selling price. Such price is determined based on the cost of each service, related tax and associated risks to the operation and inherent to the transaction, plus the margin expected to be received for the services, considering in each case the market price for the service, the conditions agreed with the customer and the customer&#8217;s segment. The bank has fixed and variable prices considering the characteristics of each service, future events, discounts, returns and other variables that may influence the selling price. 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font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Impairment:</div><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> IFRS 9 (2014) set significant changes in the assessment of the impairment of the value of financial instruments and therefore their associated risk, going from an incurred&#160;loss model to one of expected credit loss. The new regulation defined a model that identifies a Significant Increase in Credit Risk (SICR) in an instrument prior to the identification of objective evidence of impairment (EOD) and for which a loss over the life time of the asset should be measured. </div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-left: 0.25in;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">In this line, The Bank established the quantitative and qualitative criteria through which it is possible to identify significant increases in the credit risk of an instrument.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-left: 0.25in;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The impairment-related requirements apply to financial assets measured at amortized cost and fair value through other comprehensive income (FVOCI) whose business model is intended to collect of contractual flows and/or sales (as well as for lease account receivables, loan commitments and financial guarantees).</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-left: 0.25in;margin-top: 0;text-align: justify;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank, in accordance with IFRS 9, estimates the Expected Credit Losses (ECL) based on the present value of the difference between contractual cash flows and expected cash flows of the instrument, estimated through collective and individual methodologies or analyses. 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For this, new processes and procedures were created, impairment policies were updated, and a control environment aligned with the SOX requirements was designed.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-left: 0.25in;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Impairment measurements were made through collective and individual evaluation models, with sufficient sophistication required for each portfolio. Collective models include parameters of probability of default at 12 months, life time probability of default, loss given default and exposure at default with the inclusion of the prospective criteria. The individual analysis methodology is applied in significant exposures and includes the evaluation of weighted loss scenarios, considering the macroeconomic expectations and the particular conditions of each debtor. 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Entities have been provided with an accounting policy option between applying the hedge accounting requirements of IFRS 9 or continuing with the application of the existing hedge accounting requirements of IAS 39 for all hedge accounting, as the project on macro hedge accounting has not yet been completed. 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IFRS 15 establishes that an entity recognizes revenue from ordinary activities, so they can represent the transfer of goods or services committed with customers in exchange for an amount that reflects the consideration to which the entity expects to be entitled in exchange for such assets or services. IFRS 15 replaces IAS 11 - Construction contracts, IAS 18 - Income from ordinary activities, as well as related interpretations. This rule is effective for the period beginning on January 1, 2018, and its early adoption is permitted. 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This interpretation is mandatory for the annual periods beginning on or after January&#160;1,&#160;2019.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank shall reflect the effect of an uncertain tax position about the income tax, when it will be concludes that it is unlikely that the tax authority will accepts an uncertain tax treatment and, therefore, it will likely pay amounts relating to the uncertain tax treatment.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">In the determination of the current and deferred tax for periods subject to review by the tax authority, the applicable rules have been applied and interpretations have been made to take positions, on which different interpretations could be taken. As of result of the complexity of the tax system, the continuous modifications to fiscal rules, the accounting changes with implications in the tax bases and in general the legal instability of the country in some issues such as deductible expenses such as provisions, depreciation, amortization and expenses in general or in untaxed income that at any time could the tax authority have different interpretation from that of the Bank; However, the Bank and its advisors consider that their actions judgments and estimates made in each fiscal period correspond to those indicated by the tax regulations in force and, therefore, they have not considered it necessary to recognize any additional provision to those indicated in Note 20 to the financial statements.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Improvements to IAS 28 Long-term interests in associates and joint ventures:</div></div><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> The board clarifies that long-term interests in an associate or joint venture which, in essence, are part of a net investment in the associate or joint venture, are within IFRS 9, and thus, the value impairment requirements of IFRS 9 apply to these interests. An entity shall apply these amendments retroactively, in accordance with IAS 8 to the annual periods which are to be reported starting on or after January 1, 2019.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Management is currently evaluating the impact of the changes that the amendment of IAS 28 would have on the Bank and its financial statements and disclosures.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Amendments to IAS 19:</div></div><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> The amendments clarify that an entity first determines any past service cost, or a gain or loss on settlement, without considering the effect of the asset ceiling. This clarification provides that entities might have to recognize a past service cost, or a gain or loss on settlement, that reduces a surplus that was not recognized before. Changes in the effect of the asset ceiling are not netted with such amounts. This amount is recognized in profit or loss. An entity then determines the effect of the asset ceiling after the plan amendment, curtailment or settlement. Any change in that effect, excluding amounts included in the net interest, is recognized in other comprehensive income. The Bank expect no impacts due to this modification, since its application is prospective and to date these events have not been presented.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The amendments to this accounting standard will imply an adjustment to the deferred tax calculated as of December 2018, when the accounting basis of the liability (asset) is modified using updated actuarial assumptions to determine the cost of services for the current period and the net interest, for the rest of the annual period. The amendment are effective for annual periods beginning on or after 1 January 2019. .</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Conceptual Framework:</div></div><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> The IASB issued the Conceptual Framework in March 2018, it is effective for annual periods beginning on or after 1 January 2020. 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font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3 Notches</div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Ba3/BB-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3 Notches</div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">B1/B+</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2 Notches</div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; 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The term of the lease covers most of the economic life of the asset, i.e. when the minimum lease term represents 75% or more of the economic life of the leased asset. At the inception of the lease, the present value of the minimum lease payments amounts to at least 90% of the fair value of the leased asset. The leased assets are of such a specialized nature that only the lessee has the possibility of using them without making significant modifications. As of December 2018, the Bank established an asset plan to secure the benefits promised in the Senior Management Pension Plan Premium. The contributions made to the assets plan managed by the Fondo de Pensiones Protecci&#243;n S.A., will be invested 100% in the accumulation stage in the Balanced Growth portfolio, which will remain in the announced portfolio until 5 years before the pension age. (Currently, 57 years old for women and 62 years old for men). 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margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="4" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td></tr><tr><td colspan="4" style="border-bottom: solid #000000 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style="font-weight:bold;display:inline;">item</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 30.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Accumulated amount of fair value </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div 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3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Interest rate</div></div></td><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- Fixed rate</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;285,463</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 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0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair value hedges</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; 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text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">- </div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Fixed rate</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;87,841</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">563&#160;&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Financial assets investments</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="4" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 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0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair value hedges</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Interest rate</div></div></td><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; 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none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">- </div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; 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0px;;display:inline;">(593)&#160;&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Financial assets investments</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table contains information regarding the effectiveness of the hedging relationships designated by the Group, as well as the impacts on profit or loss and other comprehensive income:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 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style="font-weight:bold;display:inline;">&#160;In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 22.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 28.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: 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roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Hedge Ineffectiveness recognized in</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">P&amp;L</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 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0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Interest rate</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- Fixed rate</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">14,158</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Other operating income</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 22.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 28.0%;"><div 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10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; 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none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2016</div></div></div></td></tr><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 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3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 30.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Hedge Ineffectiveness recognized in </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">P&amp;L</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">P&amp;L line item that includes hedge </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">ineffectiveness</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Fair value hedges</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Interest rate</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- Fixed rate</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">14,634</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Other operating income</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 10 days 10 days minimum solvency ratio (Basic Solvency Risk Index, Tier 1) above 4.5%, and a total solvency risk index (Tier 2) greater than or equal to 9.0% 5800000000 8223103000000 1035061000000 9258164000000 1744736000000 877673000000 2622409000000 78688000000 40247000000 118935000000 2741344000000 91000000 1353000000 168375000000 10182000000 180001000000 2827817000000 2855000000 264292000000 67658000000 713974000000 285463000000 2647816000000 <table style="font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin-top: 0pt; margin-bottom: 0pt; width: 100%; border-collapse: collapse; border-spacing: 0px; table-layout: fixed;"><tr style="vertical-align:top; text-align:justify"><td style="width: 0px; padding: 0px;"></td><td style="width: 0.25in; text-align: left; padding-left: 0px; padding-top: 0px; padding-bottom: 0px;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">(1)</div></div></td><td style="text-align: justify; padding-left: 0px; padding-top: 0px; padding-bottom: 0px;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">For further information, see classification under IFRS 9, as described in Note 2.D Significant accounting policies.</div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px; background: none;"></div><div style="color: rgb(0, 0, 0); font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px 0px 0px 9pt; text-align: left; background: none;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div><table style="font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; width: 100%; border-collapse: collapse; border-spacing: 0px;"><tr><td colspan="9" style="border: 1pt solid black; padding-left: 6.25pt; text-align: center; line-height: 8pt; font-size: 8pt; padding-top: 0px; padding-bottom: 0px; white-space: nowrap;"><div style="font-weight:bold;display:inline;">Financial liabilities</div></td></tr><tr><td rowspan="3" style="border-bottom: 1pt solid black; border-right: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-weight:bold;display:inline;">Type of instrument</div></td><td colspan="4" style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></td><td colspan="4" style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></td></tr><tr><td colspan="3" style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-weight:bold;display:inline;">Fair value hierarchy</div></td><td rowspan="2" style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; font-size: 8pt; line-height: 8pt; white-space: nowrap;"><div style="font: 8pt &quot;times new roman&quot;, times, serif; margin: 0px; text-align: center;"><div style="font-weight:bold;display:inline;">Total fair&#160;value</div></div></td><td colspan="3" style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-weight:bold;display:inline;">Fair value hierarchy</div></td><td rowspan="2" style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-weight:bold;display:inline;">Total fair value</div></td></tr><tr><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-weight:bold;display:inline;">Level 1</div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-weight:bold;display:inline;">Level 2</div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-weight:bold;display:inline;">Level 3</div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-weight:bold;display:inline;">Level 1</div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-weight:bold;display:inline;">Level 2</div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt; white-space: nowrap;"><div style="font-weight:bold;display:inline;">Level 3</div></td></tr><tr><td colspan="9" style="border-bottom: 1pt solid black; border-right: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: center; line-height: 8pt; font-size: 8pt;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></td></tr><tr style="font-size: 8pt;"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Derivative financial instruments</div></div></div></td><td colspan="8" style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; background: none;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr style="font-size: 8pt;"><td style="border-top: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Forwards</div></div></div></td><td colspan="8" style="border-top: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; background: none;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr style="font-size: 8pt;"><td style="border-left: 1pt solid black; width: 895.688px; padding: 0px 3.5pt; text-align: left; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="font-size: 8pt;;font-style:italic;display:inline;;font-style:italic;display:inline;">Foreign exchange contracts</div></div></td><td style="width: 104.688px; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="width: 104.688px; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">(242,844)</td><td style="width: 103.688px; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">(56,171)</td><td style="width: 140.688px; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(299,015)</div></div></div></td><td style="width: 122.688px; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="width: 103.688px; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">(122,424)</td><td style="width: 84.6875px; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">(20,552)</td><td style="width: 140.688px; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(142,976)</div></div></div></td></tr><tr style="font-size: 8pt;"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="font-size: 8pt;;font-style:italic;display:inline;;font-style:italic;display:inline;">Equity contracts</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">(7,325)</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">(260)</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(7,585)</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">(3,955)</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">(515)</td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(4,470)</div></div></div></td></tr><tr style="font-size: 8pt;"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total forwards</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(250,169)</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(56,431)</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(306,600)</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(126,379)</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(21,067)</div></div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(147,446)</div></div></div></td></tr><tr style="font-size: 8pt;"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Swaps</div></div></div></td><td colspan="8" style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; background: none;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr style="font-size: 8pt;"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="font-size: 8pt;;font-style:italic;display:inline;;font-style:italic;display:inline;">Foreign exchange contracts</div></div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;">(654,093)</td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;">(46,810)</td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;">(700,903)</td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;">(459,789)</td><td style="padding: 0px 3.5pt; text-align: right; font-size: 8pt;">(46,034)</td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(505,823)</div></div></div></td></tr><tr style="font-size: 8pt;"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="font-size: 8pt;;font-style:italic;display:inline;;font-style:italic;display:inline;">Interest rate contracts</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">(3,887)</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">(248,436)</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">(5,655)</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(257,978)</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">(9,347)</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">(252,660)</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">(13,634)</td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(275,641)</div></div></div></td></tr><tr style="font-size: 8pt;"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total swaps</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(3,887)</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(902,529)</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(52,465)</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(958,881)</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(9,347)</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(712,449)</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(59,668)</div></div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(781,464)</div></div></div></td></tr><tr style="font-size: 8pt;"><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Options</div></div></div></td><td colspan="8" style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt; background: none;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr style="font-size: 8pt;"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="font-size: 8pt;;font-style:italic;display:inline;;font-style:italic;display:inline;">Foreign exchange contracts</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">(29,589)</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(29,589)</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">(16,943)</td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;">-</td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(16,943)</div></div></div></td></tr><tr style="font-size: 8pt;"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total options</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(29,589)</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(29,589)</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(16,943)</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(16,943)</div></div></div></td></tr><tr style="font-size: 8pt;"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total derivative financial instruments</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(3,887)</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(1,182,287)</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(108,896)</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(1,295,070)</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(9,347)</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(855,771)</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(80,735)</div></div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(945,853)</div></div></div></td></tr><tr style="font-size: 8pt;"><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(3,887)</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(1,182,287)</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(108,896)</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(1,295,070)</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(9,347)</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(855,771)</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(80,735)</div></div></div></td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 8pt;"><div style="font-size:8pt;;display:inline;"><div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(945,853)</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 8909861000000 8909861000000 10701855000000 10701855000000 3329738000000 3329738000000 0 0 3481928000000 3461616000000 4157568000000 4131688000000 100126000000 84807000000 23663000000 17408000000 6424000000 2964000000 0 226150000000 82384000000 85342000000 29922000000 11009000000 5059000000 5782000000 22024000000 205909000000 181951000000 1131623000000 21444000000 0 0 561285000000 561285000000 0 0 225548000000 225548000000 0 0 561285000000 0 0 225548000000 0 0 5556000000 5556000000 0 0 11500000000 11500000000 0 0 92052000000 92052000000 0 0 23854000000 23854000000 0 0 24076000000 24076000000 0 0 1402000000 1402000000 0 0 0 0 0 0 5417875000000 5417875000000 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style="border-bottom: 1pt solid black; border-top: 1pt solid black; border-left: 1pt solid black; text-align: center; line-height: 15.3333px; padding-left: 0px; padding-top: 0px; padding-bottom: 0px; white-space: nowrap;;width:;">&#160;</td><td rowspan="2" style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding-left: 0px; padding-top: 0px; padding-bottom: 0px; white-space: nowrap;;width:;"><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:center"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Balance as of</div></div></div><div style="font:10pt 'times new roman', times, serif; margin:0px; text-align:center"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">January 1, 2018</div></div></div></td><td rowspan="2" style="border-bottom: 1pt solid black; border-top: 1pt solid black; text-align: center; line-height: 10pt; 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borrowing</div></div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,236,128</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(922,840)</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 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10pt; letter-spacing: 0px; top: 0px;;display:inline;">13,822,152</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">513,244</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,297,690</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">783,349</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(78,471)</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif; width: 2%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">(2)</div></div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">16,337,964</div></td></tr><tr><td style="border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif; width: 44%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Debt instruments in issue&#160;<div style="vertical-align: super;font-size: smaller;display:inline;">(1)</div></div></div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">19,648,714</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,697,698)</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,255,806</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">961,903</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">118,508</div></td><td style="padding: 0px 3.5pt; text-align: right; line-height: 15.3333px; font-family: &quot;times new roman&quot;, times, serif; width: 2%;">&#160;</td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">20,287,233</div></td></tr><tr><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif; width: 44%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Preferred shares&#160;<div style="vertical-align: super;font-size: smaller;display:inline;">(3)</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">582,985</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(57,701)</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">58,713</div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 15.3333px; font-family: &quot;times new roman&quot;, times, serif; width: 2%;">&#160;</td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">583,997</div></td></tr><tr><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: left; line-height: 10pt; font-size: 10pt; font-family: &quot;times new roman&quot;, times, serif; width: 44%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total liabilities from financing activities</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">37,289,979</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,164,995)</div></div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,555,763</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,745,252</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">98,750</div></div></td><td style="border-bottom: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 15.3333px; font-family: &quot;times new roman&quot;, times, serif; width: 2%;">&#160;</td><td style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; line-height: 10pt; font-size: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">39,524,749</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px; background: none;"></div><div style="color: rgb(0, 0, 0); font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px 0px 0px 49.5pt; text-align: justify; text-indent: -9pt; background: none;"><div style="text-decoration: none; background: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">&#160;</div></div></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">(1)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">The cash flows disclosed in this table related with Borrowings from other financial institutions and Debt securities in issue include the interests paid during the year amounting to COP 788,879 and COP 961,333, respectively, which are classified as cash flows from operating activities in the consolidated statement of cash flow.</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">The amount of COP (78,471) is mainly comprised by the decrease of the liabilities related to assets held for sale.</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(3)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">The cash flow amounting to COP 57,701 corresponds to the fixed minimum dividend paid to the preferred shares' holders and is included in the line "dividends paid" of the consolidated statement of cash flow, which includes the divideds paid during the year to both preferred and common shares holders.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div><div><div style="color: rgb(0, 0, 0); font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; text-align: justify; background: none;"></div><table style="font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; width: 100%; border-collapse: collapse; border-spacing: 0px;;margin : 0px auto;;text-align:left;"><tr><td rowspan="2" style="border-bottom: 1pt solid black; border-top: 1pt solid black; border-left: 1pt solid black; text-align: center; padding-left: 0px; padding-top: 0px; padding-bottom: 0px; white-space: nowrap;;width:;">&#160;</td><td rowspan="2" style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding-left: 0px; padding-top: 0px; padding-bottom: 0px; white-space: nowrap;;width:;"><div style="font:10pt 'times new roman', times, serif; margin:0pt 0px; text-align:center"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Balance as of</div></div></div><div style="font:10pt 'times new roman', times, serif; margin:0pt 0px; text-align:center"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">January 1, 2017</div></div></div></td><td rowspan="2" style="border-bottom: 1pt solid black; border-top: 1pt solid black; text-align: center; padding-left: 0px; font-size: 10pt; line-height: 10pt; padding-top: 0px; padding-bottom: 0px; white-space: nowrap;;width:;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Cash flows</div></div></td><td colspan="3" style="border-bottom: 1pt solid black; vertical-align: bottom; border-top: 1pt solid black; text-align: center; padding-left: 0px; font-size: 10pt; line-height: 10pt; padding-top: 0px; padding-bottom: 0px; white-space: nowrap;;width:;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Non-cash changes</div></div></td><td style="border-bottom: 1pt solid black; vertical-align: bottom; border-top: 1pt solid black; text-align: center; padding-left: 0px; padding-top: 0px; padding-bottom: 0px; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif;;width:;">&#160;</td><td rowspan="2" style="border-bottom: 1pt solid black; border-top: 1pt solid black; border-right: 1pt solid black; padding-left: 0px; padding-top: 0px; padding-bottom: 0px; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif;;width:;"><div style="font:10pt 'times new roman', times, serif; margin:0pt 0px; text-align:center"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Balance as</div></div></div><div style="font:10pt 'times new roman', times, serif; margin:0pt 0px; text-align:center"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">of</div></div></div><div style="font:10pt 'times new roman', times, serif; margin:0pt 0px; text-align:center"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December</div></div></div><div style="font:10pt 'times new roman', times, serif; margin:0pt 0px; text-align:center"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">31, 2017</div></div></div></td></tr><tr><td style="border-bottom: 1pt solid black; padding-left: 0px; padding-top: 0px; padding-bottom: 0px; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif;;width:;"><div style="font:10pt 'times new roman', times, serif; margin:0pt 0px; text-align:center"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Foreign</div></div></div><div style="font:10pt 'times new roman', times, serif; margin:0pt 0px; text-align:center"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">currency</div></div></div><div style="font:10pt 'times new roman', times, serif; margin:0pt 0px; text-align:center"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">translation</div></div></div><div style="font:10pt 'times new roman', times, serif; margin:0pt 0px; text-align:center"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">adjustment</div></div></div></td><td style="border-bottom: 1pt solid black; padding-left: 0px; padding-top: 0px; padding-bottom: 0px; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif;;width:;"><div style="font:10pt 'times new roman', times, serif; margin:0pt 0px; text-align:center"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Interests</div></div></div><div style="font:10pt 'times new roman', times, serif; margin:0pt 0px; text-align:center"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">accrued</div></div></div></td><td style="border-bottom: 1pt solid black; padding-left: 0px; padding-top: 0px; padding-bottom: 0px; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif;;width:;"><div style="font:10pt 'times new roman', times, serif; margin:0pt 0px; text-align:center"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Other</div></div></div><div style="font:10pt 'times new roman', times, serif; margin:0pt 0px; text-align:center"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">movements</div></div></div></td><td style="border-bottom: 1pt solid black; text-align: center; padding-left: 0px; padding-top: 0px; padding-bottom: 0px; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif;;width:;">&#160;</td></tr><tr><td style="border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; text-align: center; font-family: &quot;times new roman&quot;, times, serif;;width:;">&#160;</td><td colspan="7" style="border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: center; font-size: 10pt; line-height: 10pt; font-family: &quot;times new roman&quot;, times, serif;;width:;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></td></tr><tr><td style="border-left: 1pt solid black; padding: 0px 3.5pt; width: 44%; font-size: 10pt; line-height: 10pt; font-family: &quot;times new roman&quot;, times, serif;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Liabilities from financing activities</div></div></td><td style="padding: 0px 3.5pt; width: 9%; font-family: &quot;times new roman&quot;, times, serif;">&#160;</td><td style="padding: 0px 3.5pt; width: 9%; font-family: &quot;times new roman&quot;, times, serif;">&#160;</td><td style="padding: 0px 3.5pt; width: 9%; font-family: &quot;times new roman&quot;, times, serif;">&#160;</td><td style="padding: 0px 3.5pt; width: 9%; font-family: &quot;times new roman&quot;, times, serif;">&#160;</td><td style="padding: 0px 3.5pt; width: 9%; font-family: &quot;times new roman&quot;, times, serif;">&#160;</td><td style="padding: 0px 3.5pt; width: 2%; font-family: &quot;times new roman&quot;, times, serif;">&#160;</td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; width: 9%; font-family: &quot;times new roman&quot;, times, serif;">&#160;</td></tr><tr><td style="border-left: 1pt solid black; padding: 0px 3.5pt; font-size: 10pt; line-height: 10pt; font-family: &quot;times new roman&quot;, times, serif; width: 44%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Repurchase agreements and other similar secured borrowing</div></div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,924,010</div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,313,442</div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,324)</div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 2%;">&#160;</td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,236,128</div></td></tr><tr><td style="border-left: 1pt solid black; padding: 0px 3.5pt; font-size: 10pt; line-height: 10pt; font-family: &quot;times new roman&quot;, times, serif; width: 44%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Borrowings from other financial institutions&#160;<div style="vertical-align: super;font-size: smaller;display:inline;">(1)</div></div></div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">18,905,843</div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(5,883,247)</div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(177,290)</div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,075,716</div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(98,870)</div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 2%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;<div style="vertical-align: super;font-size: smaller;display:inline;">(2)</div></div></td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">13,822,152</div></td></tr><tr><td style="border-left: 1pt solid black; padding: 0px 3.5pt; font-size: 10pt; line-height: 10pt; font-family: &quot;times new roman&quot;, times, serif; width: 44%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Debt securities in issue&#160;<div style="vertical-align: super;font-size: smaller;display:inline;">(1)</div></div></div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">18,704,809</div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(40,069)</div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(73,652)</div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,056,024</div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,602</div></td><td style="padding: 0px 3.5pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 2%;">&#160;</td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">19,648,714</div></td></tr><tr><td style="border-left: 1pt solid black; padding: 0px 3.5pt; font-size: 10pt; line-height: 10pt; font-family: &quot;times new roman&quot;, times, serif; width: 44%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Preferred shares&#160;<div style="vertical-align: super;font-size: smaller;display:inline;">(3)</div></div></div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">581,972</div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(57,701)</div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></td><td style="padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">58,714</div></td><td style="padding: 0px 3.5pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 2%;">&#160;</td><td style="border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">582,985</div></td></tr><tr><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; border-left: 1pt solid black; padding: 0px 3.5pt; font-size: 10pt; line-height: 10pt; font-family: &quot;times new roman&quot;, times, serif; width: 44%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total liabilities from financing activities</div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">40,116,634</div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(4,667,575)</div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(252,266)</div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,131,740</div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(38,554)</div></div></td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; padding: 0px 3.5pt; text-align: right; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 2%;">&#160;</td><td style="border-bottom: 1pt solid black; border-top: 1pt solid black; border-right: 1pt solid black; padding: 0px 3.5pt; text-align: right; font-size: 10pt; line-height: 10pt; white-space: nowrap; font-family: &quot;times new roman&quot;, times, serif; width: 9%;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">37,289,979</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px; background: none;"></div><div style="color: rgb(0, 0, 0); font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; text-align: justify; background: none;"></div><div style="color: rgb(0, 0, 0); font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px 0px 0px 9pt; text-align: justify; text-indent: -9pt; background: none;"><div style="text-decoration: none; background: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">&#160;</div></div></div><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 0.3pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 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with Borrowings from other financial institutions and Debt securities in issue include the interests paid during the year amounting to COP 1,031,078 and COP 1,084,096, respectively, which are classified as cash flows from operating activities in the consolidated statement of cash flow.</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 0.3pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: 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none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 0.3pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(3)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">The cash flow amounting to COP 57,701 corresponds to the fixed minimum dividend paid to the preferred shares' holders and is included in the line "dividends paid" of the consolidated statement of cash flow, which includes the divideds paid during the year to both preferred and common shares holders.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 0 <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table shows the breakdown of loans to financial institutions by stage:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; text-indent: 0.5in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2018</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 38.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 10.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Stage 1</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 17.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Stage 2</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Stage 3</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 20.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">TOTAL</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total loans to Financial institutions</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 110.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,140,354 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 110.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;13,812 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 110.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">341</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 110.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,154,507</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Allowance</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 110.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(15,048) </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 110.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;(1,123) </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 110.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(267)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 110.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(16,438) </div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total Net Loans with financial institutions</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 110.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">8,125,306</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 110.0%;text-align: right;"><div style="color: rgb(0, 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CASH AND CASH EQUIVALENTS</div></div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">For purposes of the consolidated statement of cash flow and the consolidated statement of financial position, the following assets are considered as cash and cash equivalents:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 63.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 18.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 19.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Cash and balances at central bank</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Cash </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,192,182</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,099,252</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Due from central banks </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,603,500</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,567,030</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Due from other private financial entities </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,713,481</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,541,644</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Checks on hold</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">216,323</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">141,370</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Remittances of domestic negotiated checks in transit</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">107,531</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">173,827</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total cash and due from banks</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">15,833,017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">15,523,123</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Money market transactions</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Interbank borrowings</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,965,973</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,761,460</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Reverse repurchase agreements and other similar secured loans</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">931,820</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">881,061</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total money market transactions</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,897,793</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,642,521</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total cash and cash equivalents</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">18,730,810</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">18,165,644</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.06in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1) </div></div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">According to External Resolution Number 005 of 2008 issued by the Colombian Central Bank, the Parent Company must maintain the equivalent of 4.50% of its customer&#8217;s deposits with a maturity term less than 18 months as a legal banking reserve, represented in deposits at the Central Bank or as cash in hand. In addition, according to Resolusion Number 177 of 2002 issued by the Guatemalian Monetary Board, Grupo Agromercantil Holding through its subsidiaria Banco Agromercantil de Guatemala must maintain the equivalent of 14.60% of its customer&#8217;s deposits daily balances as a legal banking reserve, represented in unrestricted deposits at the Bank of Guatemala. For its part, according to the norm of the banks Number 3-06 of 2000 issued by the Financial System Superintendency of El Salvador, Banco Agr&#237;cola must mantain an equivalent amount between 1.00% and 25.00% of its deposits and debt securities in issue average daily balances as a liquidity reserve, represented in unrestricted deposits or debt securities issued by El Salvador Central Bank. Finally, in accordance with the Agreement 004 of 2008 issued by the Superintendency of Banks of Panama, all Panamanian banks must maintain a minimum legal liquidity rate established at 30.00%.</div></div></div> <div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">As of December 31, 2018 and 2017, there is restricted cash amounting to COP 253,546 and COP 192,036, respectively, included in other assets on the statement of financial position, see Note 13. Other assets, which represents margin deposits pledged as collateral for derivative contracts traded through clearing houses.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">As of December 31, 2018 and 2017, cash and cash equivalents held by FiduPer&#250; S.A. Sociedad Fiduciaria COP 5,830 and COP 12,951, Arrendamiento Operativo CIB S.A.C COP 6,646 and COP 6,092, respectively and Capital Investment SAFI S.A. COP 29 for the year ended at December 31, 2017, were classified as assets held for sale. For further information, see Note 12. Assets held for sale and inventories.</div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 97000000 111000000 -95000000 113000000 -86000000 142647000000 -33221000000 142871000000 -33402000000 109469000000 0 0 0 0 -1000000 110000000 0 0 0 2000000 -102000000 0 0 0 0 7000000 120000000 0 0 0 -14000000 -112000000 84344000000 0 1850000000 -26913000000 12453000000 210681000000 -54000000 -365000000 13446000000 -2044000000 -46341000000 84344000000 0 1850000000 -26913000000 12459000000 210911000000 -54000000 -365000000 13446000000 -2056000000 -46555000000 84290000000 1485000000 -13467000000 10403000000 164356000000 9000000 12000000 24833000000 24854000000 24854000000 337362000000 5129000000 1304539000000 -285118000000 601275000000 -334054000000 782476000000 -497976000000 1410709000000 -371276000000 3502000000 297500000000 -126663000000 4742492000000 -1615087000000 20924000000 0 6079000000 0 9525000000 361732000000 6485000000 0 8448000000 0 -713000000 2453000000 21817000000 0 34850000000 -5916000000 58927000000 1344517000000 0 29199000000 -2913000000 0 -19587000000 -330991000000 28221000000 0 24861000000 0 24793000000 629428000000 0 36073000000 -18695000000 0 -7502000000 -358934000000 142451000000 0 50282000000 -4708000000 26874000000 896811000000 0 80980000000 -47345000000 4578000000 -40693000000 -567726000000 679356000000 0 249771000000 -170145000000 1701000000 1671850000000 -231000000 145529000000 -11673000000 61988000000 -652000000 -444027000000 3053000000 0 5288000000 0 0 1267000000 19180000000 0 7737000000 0 5469000000 314412000000 0 25970000000 -7188000000 0 -6700000000 -152145000000 921487000000 0 387316000000 -180769000000 126576000000 5222470000000 -231000000 317751000000 -87814000000 66566000000 -75134000000 -1853823000000 921256000000 299502000000 -114203000000 51442000000 317751000000 <div style="border-bottom: solid #ffffff 1.0pt;border-left: none;border-right: none;border-top: none;margin-left: 0;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 16pt; margin-left: 0.3in; text-align: justify; text-indent: -0.3in;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 16pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">NOTE 17. DEBT INSTRUMENTS IN ISSUE</div></div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Duly authorized by the authority in each country bonds have been issued as follows:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2018</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Issuer</div></div></div></td><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Currency</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Face value</div><div style="vertical-align: super;font-size: smaller;display:inline;">(2)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Balance</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Rate Range</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 41.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Bancolombia S.A.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 10.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Local</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 5.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">COP</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,533,392</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,607,153</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 18.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">IPC<div style="vertical-align: super;font-size: smaller;display:inline;">(1)</div>+2.60%-10.89%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Bancolombia S.A.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Foreign</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">USD</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,237,466</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,452,432</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.60%-6.22%%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Banco Agr&#237;cola S.A.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Foreign</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">USD</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">547,000</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,774,852</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.27%-7.17%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Bancolombia Panam&#225; S.A.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Foreign</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">USD</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">139,280</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">457,495</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.60%-3.50%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Grupo Agromercantil Holding S.A.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Foreign</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">USD</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">300,939</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">986,476</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.25%-7.25%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Banismo S.A. y filiales </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Foreign</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">USD</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">606,635</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,980,824</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.65%-5.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Bancolombia Puerto Rico Internacional Inc</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Foreign</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">USD</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,499</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">28,001</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.70%-3.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">20,287,233</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-align: justify; text-indent: -0.13in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Consumer price index.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Face value is in US dollar for foreign currency bonds.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2017</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Issuer</div></div></div></td><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Currency</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Face value</div><div style="vertical-align: super;font-size: smaller;display:inline;">(2)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Balance</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Rate Range</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 41.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Bancolombia S.A.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 10.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Local</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 5.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">COP</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,162,515</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,247,501</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 18.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.59%-IPC<div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)&#160;&#160;</div></div>+7%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Bancolombia S.A.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Foreign</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">USD</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,242,405</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9,532,927</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.90%-6.31%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Banco Agr&#237;cola S.A.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Foreign</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">USD</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">547,000</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,622,238</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.36%-7.99%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Bancolombia Panam&#225; S.A.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Foreign</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">USD</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">260,310</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">784,567</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.90%-2.90%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Grupo Agromercantil Holding S.A.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Foreign</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">USD</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">302,264</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">910,270</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.25%-7.25%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Banismo S.A. y filiales </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Foreign</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">USD</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">519,300</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,551,211</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.65%-3.65%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">19,648,714</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-align: justify; text-indent: -0.1in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Consumer price index.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Face value is US dollar for foreign currency bonds.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The breakdown of the Bank securities in issue by maturity is as follows:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2018</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 25.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Issuer</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Less than</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">a year</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1 to 3 years</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3 to 5 years</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">more than 5 years</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total amortized cost</div></div></div></td></tr><tr><td colspan="6" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Local currency</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Subordinated bonds </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,425,034</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,425,034</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Ordinary bonds</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">154,813</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,027,306</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,182,119</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Foreign currency</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Subordinated bonds </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,790,506</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,790,506</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Ordinary bonds</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">652,579</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">339,419</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">159,721</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,737,855</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,889,574</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">652,579</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">339,419</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">314,534</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">18,980,701</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 4.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">20,287,233</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.19in; margin-top: 0px; text-align: justify; text-indent: -0.11in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">The subordinated bonds, in the event of default of the Bank, will be subordinated to the claims of depositors and all other creditors of the issuer, other than creditors whose claims rank equally with, or are junior to, the claims of the holders of the subordinated liabilities.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2017</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 25.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Issuer</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Less than</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">a year</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1 to 3 years</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3 to 5 years</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">more than 5 years</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total amortized cost</div></div></div></td></tr><tr><td colspan="6" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Local currency</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Subordinated bonds </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">163,778</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,410,209</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,573,987</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Ordinary bonds</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">802</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,672,712</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,673,514</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Foreign currency</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Subordinated bonds </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,156,094</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,156,094</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Ordinary bonds</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">535,020</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">758,879</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">44,740</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,906,480</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,245,119</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">535,020</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">758,879</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">209,320</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">18,145,495</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 4.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">19,648,714</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-align: justify; text-indent: -0.11in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">The subordinated bonds, in the event of default of the Bank, will be subordinated to the claims of depositors and all other creditors of the issuer, other than creditors whose claims rank equally with, or are junior to, the claims of the holders of the subordinated liabilities.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following is a schedule of the debt instruments in issue by maturity:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 56.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Issuer</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 22.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 22.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Amount expected to be settled:</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">No more than twelve months after the reporting period</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,854,161</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; 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font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">On July 18, 2018 Bancolombia S.A. completed the offering of ordinary bonds in an aggregate principal amount of COP 300,000 million with a term of 3 and 5 years and a rate of IPC + 2.60% and ICP +2.95%, respectively. 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The bonds were sold at a price of 99.778% with an initial return of 3.73%.</div></div><div style="background: none; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="background: #ffffff;font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The carrying amount recognized was USD 519,842.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Subordinated Notes Offering</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">On October 18, 2017, the Bank priced the public offering of USD 750,000 in aggregate principal amount of its Subordinated Notes due October 18, 2027.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Notes have a 10-year maturity, an optional redemption right on the fifth year and a coupon of 4.875%, payable semi-annually on April 18 and October 18 of each year, beginning on April 18, 2018.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">In connection with the Notes Offering, the Bank acquired USD 360,912 of its Notes due 2020 and USD 321,152 of its Notes due 2022, issued on July 26, 2010 and September 4, 2012, respectively, through a private exchange followed by a Dealer Intermediated Tender Offer.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">During the transaction, the Bank maintained a third party financial entity as a principal, which was responsible for the execution of the transfer and the exchange. In this regard the Bank has recognized as non-extinguishment the modification of the debt instruments in issue corresponding to a portion of the Notes due 2020 and Notes due 2022. The fees associated with the modified debt instruments amounted to USD 4,303 and, along with the unamortized premium or discount amounted to USD 11,233, were amortized as an adjustment of interest expense over the remaining term of the replacement or modified debt instruments using the interest method.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">For information related with the disclosures of fair value of the debt securities in issued, see Note 29 Fair value of assets and liabilities.</div></div><table border="0" style="width:100%; 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font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2018</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; 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font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Rate Range</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 41.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Bancolombia S.A.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 10.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Local</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 5.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">COP</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,533,392</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,607,153</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 18.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">IPC<div style="vertical-align: super;font-size: smaller;display:inline;">(1)</div>+2.60%-10.89%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Bancolombia S.A.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Foreign</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">USD</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,237,466</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,452,432</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.60%-6.22%%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Banco Agr&#237;cola S.A.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Foreign</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">USD</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">547,000</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,774,852</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.27%-7.17%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Bancolombia Panam&#225; S.A.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Foreign</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">USD</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">139,280</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">457,495</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.60%-3.50%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Grupo Agromercantil Holding S.A.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Foreign</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">USD</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">300,939</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">986,476</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.25%-7.25%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Banismo S.A. y filiales </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Foreign</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">USD</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">606,635</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,980,824</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.65%-5.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Bancolombia Puerto Rico Internacional Inc</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Foreign</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">USD</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,499</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">28,001</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.70%-3.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">20,287,233</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-align: justify; text-indent: -0.13in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Consumer price index.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Face value is in US dollar for foreign currency bonds.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2017</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Issuer</div></div></div></td><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Currency</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Face value</div><div style="vertical-align: super;font-size: smaller;display:inline;">(2)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Balance</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Rate Range</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 41.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Bancolombia S.A.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 10.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Local</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 5.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">COP</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,162,515</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,247,501</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 18.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.59%-IPC<div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)&#160;&#160;</div></div>+7%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Bancolombia S.A.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Foreign</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">USD</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,242,405</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9,532,927</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.90%-6.31%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Banco Agr&#237;cola S.A.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Foreign</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">USD</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">547,000</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,622,238</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.36%-7.99%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Bancolombia Panam&#225; S.A.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Foreign</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">USD</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">260,310</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">784,567</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.90%-2.90%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Grupo Agromercantil Holding S.A.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Foreign</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">USD</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">302,264</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">910,270</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.25%-7.25%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Banismo S.A. y filiales </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Foreign</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">USD</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">519,300</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,551,211</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.65%-3.65%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">19,648,714</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-align: justify; text-indent: -0.1in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Consumer price index.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Face value is US dollar for foreign currency bonds.</div></div></div></td></tr></table><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The breakdown of the Bank securities in issue by maturity is as follows:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2018</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 25.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Issuer</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Less than</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">a year</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1 to 3 years</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3 to 5 years</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">more than 5 years</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total amortized cost</div></div></div></td></tr><tr><td colspan="6" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Local currency</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Subordinated bonds </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,425,034</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,425,034</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Ordinary bonds</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">154,813</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,027,306</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,182,119</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Foreign currency</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Subordinated bonds </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,790,506</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,790,506</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Ordinary bonds</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">652,579</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">339,419</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">159,721</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,737,855</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,889,574</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">652,579</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">339,419</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">314,534</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">18,980,701</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 4.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">20,287,233</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.19in; margin-top: 0px; text-align: justify; text-indent: -0.11in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">The subordinated bonds, in the event of default of the Bank, will be subordinated to the claims of depositors and all other creditors of the issuer, other than creditors whose claims rank equally with, or are junior to, the claims of the holders of the subordinated liabilities.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2017</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 25.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Issuer</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Less than</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">a year</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1 to 3 years</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3 to 5 years</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">more than 5 years</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total amortized cost</div></div></div></td></tr><tr><td colspan="6" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Local currency</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Subordinated bonds </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">163,778</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,410,209</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,573,987</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Ordinary bonds</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">802</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,672,712</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,673,514</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Foreign currency</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Subordinated bonds </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,156,094</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,156,094</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Ordinary bonds</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">535,020</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">758,879</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">44,740</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,906,480</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,245,119</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">535,020</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">758,879</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">209,320</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">18,145,495</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 4.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">19,648,714</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-align: justify; text-indent: -0.11in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">The subordinated bonds, in the event of default of the Bank, will be subordinated to the claims of depositors and all other creditors of the issuer, other than creditors whose claims rank equally with, or are junior to, the claims of the holders of the subordinated liabilities.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following is a schedule of the debt instruments in issue by maturity:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 56.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Issuer</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 22.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 22.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Amount expected to be settled:</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">No more than twelve months after the reporting period</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,854,161</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,352,801</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">More than twelve months after the reporting period</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">17,433,072</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">17,295,913</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">20,287,233</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">19,648,714</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 334499000000 4050000000 0 904000000 0 0 -283000000 32883000000 48849000000 0 76066000000 0 0 -537000000 1185296000000 130766000000 0 27041000000 0 5973000000 21491000000 -259400000000 0 29451000000 -3449000000 0 0 284000000 572699000000 40187000000 0 12647000000 -111000000 37000000 1184000000 -300731000000 0 39912000000 -9317000000 95000000 -30000000 -2853000000 717464000000 100939000000 0 29301000000 -6025000000 39000000 -562000000 -477339000000 0 73772000000 -46358000000 5740000000 -18000000 1019000000 1461628000000 650232000000 0 305457000000 -318880000000 32845000000 -43969000000 -387491000000 -2866000000 144159000000 -14022000000 113100000000 -15740000000 20378000000 60614000000 0 0 59614000000 0 0 -1000000000 0 -6227000000 0 356000000 -6480000000 0 0 103000000 0 1929000000 6472000000 0 4744000000 0 0 -155000000 3502000000 248358000000 61284000000 0 7812000000 0 0 -4330000000 -68485000000 0 28631000000 29723000000 0 0 176000000 4615370000000 1042779000000 0 523586000000 -325016000000 38894000000 -28161000000 -1499673000000 -2866000000 316281000000 -49903000000 118935000000 -15788000000 19107000000 3115697000000 1039913000000 473683000000 -206081000000 23106000000 -9054000000 316281000000 6895000000 0 172870000000 179765000000 37325000000 3753000000 626000000 7663000000 3725000000 10966000000 29662000000 28000000 -10340000000 23648000000 67515000000 250690000000 -10190000000 -9789000000 -24341000000 33838000000 38884000000 -1965000000 0 0 -24286000000 0 0 2444000000 0 0 0 0 0 1043593000000 412878000000 -672684000000 584650000000 -36762000000 -327272000000 -172870000000 6895000000 0 -345412000000 0 0 -12112000000 0 0 -12112000000 -11547000000 -1718000000 663000000 0 0 1918000000 -11547000000 613854000000 431198000000 -359242000000 470110000000 3463789000000 3224283000000 3336218000000 3085110000000 127571000000 139173000000 89619000000 0.4900 475428000000 15535000000 17903000000 4226000000 16838000000 3757000000 9517000000 228735000000 0 38420000000 0 0.035 493486000000 132292000000 164172000000 167914000000 149299000000 60282000000 49679000000 37767000000 -5985000000 38420000000 0 0 -42414000000 <div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Watch List&#160;December 31 2018</div></div></div></td></tr><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Million COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 40.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Risk Level</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Amount</div></div></div></td><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-left: none; border-right: none; border-top: none; padding-bottom: initial; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0px; vertical-align: middle; width: 20%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Allowance</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Level 1 &#8211; Low Risk</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9,179,165</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.04%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">95,896</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Level 2 &#8211; Medium Risk</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,549,977</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.96%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">228,461</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Level 3 &#8211; High Risk</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,626,478</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">38.92%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">633,101</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Level 4 &#8211;&#160;&#160;High Risk</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,096,563</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">64.68%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,649,837</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">17,452,183</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">20.67%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,607,295</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="color: rgb(31, 73, 125); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Watch List&#160;December 31 2017</div></div></div></td></tr><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Million COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 40.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Risk Level</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Amount</div></div></div></td><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-left: none; border-right: none; border-top: none; padding-bottom: initial; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0px; vertical-align: middle; width: 20%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Allowance</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Level 1 &#8211; Low Risk</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,938,711</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.32%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">114,361</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Level 2 &#8211; Medium Risk</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,641,169</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.98%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">81,796</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Level 3 - High Risk</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,806,554</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">33.21%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,264,077</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Level 4&#8212; High Risk</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,509,014</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">76.22%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,150,212</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">11,895,448</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">21.94%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,610,446</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The measurement categories and carrying amount for financial instruments as of December 31, 2018, under IFRS 9 (2013) and the new categories in IFRS 9 (2014) are shown below:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 32.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Note</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Original</div></div><br/><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">classification under</div></div><br/><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">IFRS 9 (2013)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">New</div></div><br/><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Classification</div></div><br/><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">under IFRS 9</div></div><br/><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;(2014)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Original</div></div><br/><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">carrying</div></div><br/><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">amount under</div></div><br/><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">IFRS 9 (2013)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">New carrying</div></div><br/><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">amount under</div></div><br/><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">IFRRS 9 (2014)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Impact to</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">equity</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Financial assets</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Cash and cash equivalents</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Amortized cost</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Amortized cost</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">18,165,644</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">18,165,644</div></div></td><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Debt securities (a)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.1</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">FVTPL</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">FVOCI</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,105,230</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,106,468</div></div></td><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,238</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Debt securities </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.1</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">FVTPL</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">FVTPL</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,596,625</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,596,947</div></div></td><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">322</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Debt securities (b)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.1</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Amortized cost</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">FVOCI</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">850,535</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">884,884</div></div></td><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">34,349</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Debt securities (c)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.1</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Amortized cost</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">FVTPL</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">176,229</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">180,976</div></div></td><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,747</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Debt securities </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.1</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Amortized cost</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Amortized cost</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,130,804</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,121,981</div></div></td><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(8,823)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Equity securities</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.2</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">FVTPL</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">FVTPL</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">988,455</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">988,455</div></div></td><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Equity securities</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.2</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">FVOCI</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">FVOCI</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">529,375</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">529,375</div></div></td><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Derivatives</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.3</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">FVTPL</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">FVTPL</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,134,372</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,134,372</div></div></td><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Loans and financial leases </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Amortized cost</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Amortized cost</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">152,244,991</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">151,209,930</div></div></td><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,035,061)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total financial Assets</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">187,922,260</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">186,919,032</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(1,003,228)</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 32.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Note</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Original</div></div><br/><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">classification under</div></div><br/><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">IFRS 9 (2013)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">New</div></div><br/><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Classification</div></div><br/><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">under IFRS 9</div></div><br/><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(2014)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Original</div></div><br/><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">carrying</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">amount under</div></div><br/><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">IFRS 9 (2013)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">New carrying</div></div><br/><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">amount under</div></div><br/><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">IFRRS 9 (2014)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Impact to</div></div><br/><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">equity</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">financial liabilities</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Customer deposits</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">14</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Amortized cost</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Amortized cost</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">131,959,215</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">131,959,215</div></div></td><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Interbank</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">15</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Amortized cost</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Amortized cost</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,084,591</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,084,591</div></div></td><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Repos</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">15</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Amortized cost</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Amortized cost</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,236,128</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,236,128</div></div></td><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Derivatives</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.2</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">FVTPL</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">FVTPL</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">945,853</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">945,853</div></div></td><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Financial liabilities</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">16</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Amortized cost</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Amortized cost</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">13,822,152</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">13,822,152</div></div></td><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Issued debt securities</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">17</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Amortized cost</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Amortized cost</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">19,648,714</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">19,704,624</div></div></td><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(55,910)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Other liabilities</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">20</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">N/A</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">N/A</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">151,789</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">139,999</div></div></td><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">11,790</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Total financial liabilities </div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">170,848,442</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">170,892,562</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(44,120)</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-left: 0.25in; font-size: 13.3333px;">The application of revised accounting policies responsive to IFRS 9 resulted in the following adjustments:</div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.75in; margin-top: 0px; text-align: justify; text-indent: -0.25in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">&#160;</div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 36pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">(a)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">LETES (El Salvador Public Treasury Bills) issued by the Government of El Salvador which amounted to COP 129,962, bonds issued by the Government of Guatemala to COP 206,031, bonds issued by The Republic of Panama to COP 923,787 and treasury bonds of the United States of America to COP (<div style="letter-spacing: 0px; top: 0px;;display:inline;">475,428</div>), among others, were reclassified from </div>fair value through profit or loss (FVTPL) to fair value through other comprehensive income (FVOCI). These investments are now held within a business model whose objective is achieved by both collecting contractual cash flows and selling them in the market.</div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.75in; margin-top: 0px; text-align: justify; text-indent: -0.25in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">&#160;</div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 36pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">(b)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Bonds issued by the Government of Guatemala which amounted to COP 558,516 and term deposit certificates in foreign currency to COP <div style="letter-spacing: 0px; top: 0px;;display:inline;">292,019</div> have been reclassified from the category Amortized&#160;</div>cost to, FVOCI. The business model on which such instruments are now held achieves its objective not only collecting the contractual cash flows, but both collecting contractual cash flows and selling them in the market.</div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.75in; margin-top: 0px; text-align: justify; text-indent: -0.25in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">&#160;</div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 36pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">(c)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Bonds issued by the Guatemalan Government which amounted to COP 166,608 and corporate bonds of other Guatemalan issuers to COP <div style="letter-spacing: 0px; top: 0px;;display:inline;">9,621</div> have been reclassified from&#160;</div>amortized cost to FVTPL. Those instruments are now managed for selling them in the market, instead of obtaining the contractual cash flows.</div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; text-indent: 0.25in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The reconciliation of the carrying amount and measurement categories between IFRS 9 (2013) and IFRS 9 (2014) as of January 1, 2017 for debt instruments is described below:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 40.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Closing balance as of</div></div><br/><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div><br/><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">under IFRS 9 (2013)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Reclassification</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Remeasurement</div><br/>&#8206;<div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Opening balance</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">as of January 1,</div></div><br/><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018 under IFRS 9</div></div><br/><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(2014)</div></div></div></td></tr><tr><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Debt instruments at fair value Through profit or loss</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Initial balance</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,701,855</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">322</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">10,702,177</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Reclassification to fair value through other comprehensive income (OCI)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,105,230)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2,105,230)</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Reclassification from Amortized cost</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">176,229</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,747</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">180,976</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Final balance</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">10,701,855</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(1,929,001)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5,069</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">8,777,923</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Debt instruments measured at amortized cost</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Initial balance</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,157,568</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(8,823)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">4,148,745</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Reclassification to fair through profit or loss</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(176,229)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(176,229)</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Reclassification to fair value through other comprehensive income (OCI)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(850,535)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(850,535)</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Final balance </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">4,157,568</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(1,026,764)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(8,823)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,121,981</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Debt instruments measured at fair value through other comprehensive income</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Initial balance</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">-</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Reclassification from fair value through profit or loss</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,105,230</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,238</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">2,106,468</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Reclassification from amortized cost</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">850,535</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">34,349</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">884,884</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Final balance</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,955,765</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">35,587</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,991,352</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total changes in balances, reclassifications and re-measurements of financial assets</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">14,859,423</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">31,833</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">14,891,256</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">&#160;</div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">(1)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">The effects presented contain changes due to the measurement of investment from Amortized cost to fair value and new loss allowance for credit risk of those instruments classified as amortized cost</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Retained earnings:</div><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> The following table analyses the impact of transition to IFRS 9 on Retained earnings:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 75%;margin-left: auto;margin-right: auto;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 80.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Impact of adopting</div></div><br/><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;IFRS 9 (2014)</div></div></div></td></tr><tr><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Retained earnings</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Closing balance as of 31 December 2017 under IFRS 9 (2013) </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,568,182</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Recognition of expected credit losses under IFRS 9 (2014) for debt instruments at FVOCI</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(4,837)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Recognition of expected credit losses under IFRS 9 (2014) for debt instruments at Amortized cost</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(8,736)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Reclassification of investments in Debt instruments</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">24,126</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Recognition of expected credit losses under IFRS 9 (2014) for loans and financial leases</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(948,785)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Recognition of expected credit losses under IFRS 9 (2014) for Financial guarantees and loan commitments </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">16,990</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; 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font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Diferred tax</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">245,512</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; 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font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Opening balance as of (01 January 2018) under IFRS 9 (2014)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,836,542</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Non-controling interest</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(18,141)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; 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font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">7.5. Financial liabilities</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">At initial recognition, the Bank measures its financial liabilities at fair value. The transaction costs that are directly attributable to the financial liability are deducted from its fair value if the instruments are subsequently recognized at amortized cost or will be recognized in the statement of income if the liabilities are measured at fair value.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Derivative liabilities are measured at fair value through profit and loss and the gains or losses of those liabilities are recognized in the statement of income for subsequent measurements. 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Interest expenses are recognized in the statement of income unless the financial liability is designated as at fair value through profit or loss, for which is required to present the effects of changes in the liability&#8217;s credit risk in other comprehensive income.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">7.5.1 Compound instruments</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Compound financial instruments that comprise both a liability and equity component must be separated and accounted for separately. Therefore, for initial measurement, the liability component is the fair value of a similar liability which doesn&#180;t have an equity component (determined by discounting future cash flows using the market rate at the date of the issuance). The difference between the fair value of the liability component and the fair value of the compound financial instrument considered as a whole is the residual value assigned to the equity component. Subsequent to initial recognition, the liability component of a compound financial instrument is measured at amortized cost using the effective interest method. The equity component of a compound financial instrument is not re-measured subsequent to initial recognition. The liability component corresponds to the preferred dividend related to 1% of the subscription price, which is the payment of the minimum dividend on the preferred shares for each period in accordance with the Bank&#8217;s bylaws.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">7.5.2 Financial guarantee contracts and loan commitments</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">In order to meet the needs of its customers, the Bank issues financial standby letters of credit, bank guarantees and loan commitments. Loan commitments are those agreements under which the bank has an irrevocable obligation to grant the loan. The financial guarantee contracts issued by the Bank are contracts that require the issuer to make specified payments to reimburse the holder for a loss it incurs because a specified debtor fails to make payment when due to accordance with the original or modified terms of a debt instrument.</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Both financial guarantee contracts and loan commitments are initially recognized as liabilities at fair value, which is normally the fee received, adjusted for the directly attributable transaction costs incurred. 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table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">7.6 Derecognition of financial assets and liabilities</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; 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letter-spacing: 0px; top: 0px;;display:inline;">The Bank assesses whether the instruments subject to exchange are substantially different from each other, considering qualitative aspects such as currencies, terms, rates, conditions of subordination, regulatory framework, among others; and quantitative, in which is evaluated whether the present value of discounted cash flows under the conditions of the new instruments (including any commission paid net of any commission received) and using the original effective interest rate to calculate the discount, is at least 10 percent different from the discounted present value of the cash flows that still remain of the original financial liability.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; 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In this case, incremental costs and commissions adjust the carrying amount of the liability and are amortized over the remaining life of the modified liability, in accordance with its subsequent measurement at Amortized Cost. 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In this case, the amortized cost of the modified liability is adjusted to the present value of the estimated contracts cash flows which are discounted at the original effective interest rate of the financial instrument and a gain or loss is recognized immediately in profit or loss. Incremental costs and commissions adjust the carrying amount of the liability and are amortized over the remaining life of the modified liability; its subsequent measurement continues at Amortized Cost. 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In general, this characteristic will be fulfilled when the following delinquency conditions are present:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;margin-right: auto;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 2.0pt;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Type</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 2.0pt;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 80.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Length of delinquency</div></div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 2.0pt;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Consumer</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 2.0pt;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">180 days, 450 days for vehicles in GAH, 720 days for loans with mortgage guarantee in Banco Agricola</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 2.0pt;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Commercial</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 2.0pt;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">360 days</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 2.0pt;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Small Business Loan</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 2.0pt;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">180 days, 720 days for loans with guarantee in Banistmo</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 2.0pt;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; 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GAH 1440 days.</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Among the reasons underlying a loan's non-recoverability are the estimated recovery time of the obligation and the probable recovery percentage given the existence or lack of collateral. When default conditions are present, it is initially necessary to evaluate whether the collateral that support the loan generate a reasonable expectation of recovery; if so, the necessary steps are taken to realize on the collateral prior to writing-off the loan in cases where the collateral net fair value indicates that there are no reasonable expectations of recovery, loans are written-off in the financial statements.</div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">7.7. Derivatives financial instruments</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">A financial derivative is an instrument whose value changes in response to changes in a variable such as an interest rate, exchange rate, the price of a financial instrument, a credit rating or a credit index. This instrument requires no initial payment, or a smaller investment than would be required for other financial instruments with a similar response to changes in market conditions, and it is generally settled at a future date.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank carries out derivative transactions to facilitate the business of clients related to the management of their market and credit risk; managing the exposure in its own position to changes in interest rates and risks in exchange rates; or to obtain benefits from changes in valuations experienced by these instruments in the market. Derivatives are recognized and measured at fair value through profit or loss, unless such derivatives are designated as hedging instruments in cash flow hedges or as a hedge of a net investment in a foreign operation. In those cases, the effective portion of changes in the fair value of the derivatives are recognized in other comprehensive income. 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Cash flow hedges are used mainly to reduce the variability in cash flows caused by interest rate changes. When the hedging relationship is considered to be highly effective, the changes in value of the hedging derivatives are accounted for according to their classification as fair value hedges, cash flow hedges and hedges of net investment in foreign operations, as set in the paragraph below.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank assesses at the inception of the hedge and on a monthly basis during the life of the instrument, whether the hedge used in the transaction is expected to be highly effective (prospective effectiveness), and considers the actual effectiveness of the hedge on an ongoing basis (retrospective effectiveness). The Bank discontinues the hedge accounting when the hedging instrument expires or is sold, terminated or exercised, the hedge no longer meets the criteria for hedge accounting or if hedge designation is revoked. When hedge accounting for a fair value hedge is terminated the previous adjustments related to the changes in fair value of the hedged item are subsequently recorded in the consolidated statement of income in the same manner as other components of the carrying amount of that asset.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Before the establishment of the hedge accounting, the Bank documents the relationship between hedged items and hedging instruments, as well as its risk management objectives and hedging strategies, which are approved by the Risk Management Committee as the body designated by the Board of Directors.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Hedge relationships are classified and accounted for in the following way:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#8211;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</div><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair value hedges: </div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">are designated to protect against the exposure to changes in the fair value of recognized assets or liabilities or unrecognized firm commitments.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Changes in the fair value of derivatives that are designated and qualify as hedging instruments in fair value hedges are recorded in the statement of income as interest and valuation on investments. 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The adjustment is based on a recalculated effective interest rate at the date amortization begins. If the hedged item is derecognized, the non-amortized fair value is recognized immediately in the statement of income. If the hedge instrument expires or it is sold, terminated or exercised, or when the hedge no longer meets the criteria for hedge accounting, the Bank discontinues prospectively the hedge accounting. For the items hedged at amortized cost, the difference between the carrying value of the item hedged at the termination of the hedge and the nominal value are amortized using the effective rate method during the time beyond the original terms of the hedge. If the hedged item is derecognized, the remaining value to amortize is recognized immediately in the statement of income.</div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">When an unrecognized firm commitment is designated as a hedged item, the subsequent cumulative change in the fair value of the firm commitment attributable to the hedged risk is recognized as an asset or liability with corresponding gain or loss recognized in net income.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#8211;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</div><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Cash flow hedges:</div></div><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> are used mainly to manage the exposition to variability related to the cash flow attributable to a specific risk associated with an asset or liability recognized on statement of financial position or to a highly probable forecast transaction.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The portion of the gain or loss on the hedging instrument that is determined to be an effective hedge is recognized in other comprehensive income. The ineffective portion of the gain or loss on the hedging instrument is recognized in the statement of income.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">If the hedging instrument expires or is sold, terminated or exercised, without replacement or rollover into another hedging instrument, or if its hedging designation is revoked, any accumulated gain or loss previously recognized in OCI remains in OCI, until the planned operation or the firm commitment affects </div> the operations.</div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Hedge accounting is discontinued when the Bank revokes the hedging relationship, when the hedging instrument expires or is sold, terminated, or exercised, or when no longer qualifies for hedge accounting. Any gain or loss recognized in other comprehensive income and accumulated in equity at that time remains in equity and is recognized in other comprehensive income when the forecast transaction is ultimately recognized in net income. When a forecast transaction is no longer expected to occur, the gain or loss accumulated in equity is recognized immediately in net income.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#8211;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</div><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Hedges of a net investment in a foreign operation:</div></div><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> In accordance with IAS 39 &#8216;Financial instruments&#8217; and IFRIC 16 &#8216;Hedges of a net investment in a foreign operation&#8217;, the Bank has decided to apply the hedge accounting of the foreign currency risk arising from its net investment in Banistmo, designating as a hedging instrument of certain debt securities issued by the Parent Company. Considering the hedge accounting relationship, in the case of the net investment, the gain or loss derived from the foreign exchange differences related to the debt securities that is determined to be an effective hedge is recognized in other comprehensive income, as is the currency translation adjustment of the Banistmo operation into the presentation currency as required by IAS 21 as detailed in F.2. &#8216;Functional and presentation currency&#8217;.</div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">8. 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Depreciation is calculated using the straight-line method over the estimated useful lives of the assets. The depreciable amount is the cost of an asset less its residual value. 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In any case, the reversal of the impairment loss of assets cannot increase its carrying value above the amount that it would have if impairment losses in previous periods had not been recognized.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">For the purposes of assessing impairment, assets are grouped at the smallest identifiable group that generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets (cash-generating units). The evaluation can be carried out at individual asset level when the fair value less the cost of sale can be reliably determined and the value in use is estimated to be close to its fair value less costs to sell and fair value less costs to sell can be determined</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Maintenance expenses of the premises and equipment are recognized as an expense in the period in which they are incurred and are registered in the consolidated statement of income as </div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">administrative and general expenses.</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Gains and losses in the sale of premises and equipment are registered in the consolidated statement of income as </div><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">other operating income </div></div><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">or </div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">other expenses.</div></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">9. Investment properties</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Land and buildings that the Bank holds to earn rentals or for capital appreciation or both rather than for their use in the supply of services or sale in the ordinary course of business are recognized as investment properties.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The investment properties are measured initially at cost, including the transaction costs. The carrying value includes the cost of replacement or substitution of a part of an investment property at the time the cost is incurred, if the cost meets the recognition criteria; and it excludes the daily maintenance costs of the investment property which are included in the statement of income as &#8220;Other expenses&#8221;.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">After the initial recognition, the investment properties are measured at fair value which reflects the market conditions at the statement of financial position date. The gains and losses that arise from changes in the fair values of investment properties are included in the statement of income as &#8216;Other operating income&#8217;.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The investment properties are derecognized, either at the moment of their disposal or when they are permanently withdrawn from use and no future economic benefits are expected. The difference between the net disposal proceeds of the investment properties and the carrying value is recognized in net income in the period the disposal occurs.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Transfers of an asset to or from the investment properties are only made when there is a change in its use. For a transfer from an investment property to premises and equipment, the cost taken into account for its subsequent accounting is the fair value at the time of the change in use. If a premise and equipment becomes an investment property, it will be accounted for at its fair value.</div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Loans are written off when the Bank concludes there is no realistic expectation of recovery of the loans and receivables balances from a client or third party. 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font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Consumer</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 2.0pt;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">180 days, 450 days for vehicles in GAH, 720 days for loans with mortgage guarantee in Banco Agricola</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 2.0pt;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Commercial</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 2.0pt;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">360 days</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 2.0pt;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Small Business Loan</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 2.0pt;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">180 days, 720 days for loans with guarantee in Banistmo</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 2.0pt;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Mortgage</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 2.0pt;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">For Banistmo and Banco Agr&#237;cola from 720 days. GAH 1440 days.</div></div></td></tr></table><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;">The estimated useful lives for each asset group are:</div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 90%;margin-left: auto;margin-right: auto;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: bottom;width: 48.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Asset group</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: bottom;width: 52.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Useful life range</div></div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Buildings</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10 to 75 years</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Furniture and fixtures</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5 to 20 years</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Computer equipment</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3 to 20 years</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Equipment and machinery</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3 to 40 years</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Vehicles</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3 to 6 years</div></div></td></tr></table> 0 0 2614000000 0 0 0 0 -2614000000 0 0 0 0 63500000000 38912000000 222277000000 -19877000000 0 0 8125306000000 12689000000 74000000 8138069000000 <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table presents financial information of the investments in associates and joint ventures by operating segment:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="7" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;For the year ended December 31, 2018</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(1)</div></div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 43.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 9.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Colombia</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 10.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking El</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Salvador</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 9.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Trust</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 10.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Investment</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">banking</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 9.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">All other</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">segments</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 10.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td></tr><tr><td colspan="7" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Investments in associates and joint ventures </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">313,081</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">13,544</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">230,211</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">451,113</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,141,630</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,149,579</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Equity method </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">32,859</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,887</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">20,235</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">27,909</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">104,924</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">187,814</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">As of December 31, 2018, Banking Panama, Banking Guatemala, Brokerage and off shore did not have investments in associates and joint ventures.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="7" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;For the year ended December 31, 2017</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(1)</div></div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 43.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 9.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Colombia</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 10.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking El </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Salvador</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Trust</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 10.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Investment </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">banking</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 9.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">All other </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">segments</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 11.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td></tr><tr><td colspan="7" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Investments in associates and joint ventures </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">305,187</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,532</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">226,761</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">248,156</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">774,423</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,565,059</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Equity method</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">45,976</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">316</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">34,921</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">21,724</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">150,665</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">253,602</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">As of December 31, 2017, Banking Panama, Banking Guatemala, Brokerage and off shore did not have investments in associates and joint ventures.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="7" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">For the year ended December 31, 2016</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(1)</div></div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 43.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 9.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Colombia</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 10.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking El </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Salvador</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Trust</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 10.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Investment </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">banking</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 9.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">All other </div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">segments</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 11.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td></tr><tr><td colspan="7" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Equity method</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">34,425</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">702</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">26,128</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(3,923)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,922</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60,254</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">As of December 31, 2016, Banking Panama, Banking Guatemala, Brokerage and off shore did not have investments in associates and joint ventures.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table presents financial information of the total assets and liabilities by operating segment:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="13" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">For the year ended December 31, 2018</div></div></div></td></tr><tr><td colspan="13" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Colombia</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Panama</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 7.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking El</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Salvador</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 7.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Guatemala</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 5.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Trust</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 7.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Investment</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">banking</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 7.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Brokerage</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 7.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Off shore</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 7.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">All other</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">segments</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total before</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">eliminations</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Adjustments</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">for</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">consolidation</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total after</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">eliminations</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;Total assets </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">149,185,338</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">31,116,800</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">14,704,427</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">13,556,250</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">580,205</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,779,618</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">301,851</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">17,963,675</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">9,638,514</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">238,826,678</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(18,713,060)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">220,113,618</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;Total liabilities</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(132,722,635)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(27,761,479)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(12,963,237)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(12,209,984)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(86,524)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(40,741)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(57,765)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(12,640,349)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,336,273)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(200,818,987)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">7,360,594</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(193,458,393)</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="13" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">For the year ended December 31, 2017</div></div></div></td></tr><tr><td colspan="13" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(47, 117, 181); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 6.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Colombia</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Panama</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 7.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking El</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Salvador</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Banking</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Guatemala</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 5.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Trust</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 7.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Investment</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">banking</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 7.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Brokerage</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Off shore</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 7.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">All other</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">segments</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total before</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">eliminations</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Adjustments</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">for</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">consolidation</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total after</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">eliminations</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;Total assets </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">142,207,844</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">28,119,504</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">12,978,363</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">12,191,869</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">493,078</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,423,883</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">283,171</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">16,503,973</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">8,767,762</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">222,969,447</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(19,061,236)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">203,908,211</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;Total liabilities</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(125,534,492)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(25,040,470)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(11,318,266)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(10,847,895)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(80,904)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(48,192)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(56,789)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(12,284,687)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,300,511)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(187,512,206)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">8,033,545</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(179,478,661)</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 1520314000000 20-F false 2018-12-31 2018 FY BANCOLOMBIA SA 0001071371 --12-31 Yes No Yes Large Accelerated Filer CIB 509704584 false false <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">In accordance with IAS 12 no deferred tax credit was recorded, because the administration can control the future time in which such differences are reversed and this is not expected to occur in the foreseeable future.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 36pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">11.3.3.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Temporary differences as of December 31, 2018</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="white-space: pre-line; color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net effect of deferred tax assets and liabilities by company disclosed in the Financial Position Statement:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;width: 44.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31,</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31,</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31,</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.14in; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31,</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td></tr><tr><td colspan="5" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 10.0pt;padding-right: 0;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of Colombian pesos</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Company</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Deferred Tax</div></div><br/><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Asset</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Deferred Tax</div></div><br/><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Liability</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Deferred Tax</div></div><br/><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Asset</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Deferred</div></div><br/><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Tax Liability</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Arrendadora Financiera S.A.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">94</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">299</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;">&#160;</div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Bagr&#237;cola Costa Rica S.A.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">74</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">56</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Grupo Agromercantil Holding</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(13,566)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(29,924)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Banca de Inversi&#243;n Bancolombia S.A.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(20,300)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(26,432)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Banco Agr&#237;cola S.A.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">67,527</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">46,328</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Bancolombia S.A.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,245,807)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,368,062)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Banistmo SA and Subsidiaries</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">198,958</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">96,533</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">BIBA Inmobiliaria S.A.S.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(19)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(5)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Trust Fund "Lote Abelardo Castro"</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(123)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(188) </div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Fiduciaria Bancolombia S.A.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(4,265)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,808</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Inversiones CFNS S.A.S.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,011)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(700)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Renting Colombia S.A.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(22,450)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(5,466)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Transportempo S.A.S</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">163</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">509</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Valores Banagr&#237;cola S.A.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">19</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Valores Bancolombia S.A.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,342</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,071</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Valores Simesa S.A.</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;">&#160;</div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(10,754)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(9,421)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net Deferred Tax by Company</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">271,177</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(1,318,295)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">148,614</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(1,440,198)</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net Deferred Tax</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(1,047,118)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(1,291,584)</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">This section shows the net deferred tax resulting from each company and differs from the information in section 11.3.4, because there the deferred tax is disclosed according to its nature.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 36pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">11.3.4.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Asset and liability deferred tax detail without netting by company</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">This section shows the deferred tax according to its nature and differs from the information in section 11.3.3, because there the deferred tax is shown net by company.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Assets deferred tax with effect on Income Statement, OCI and Equity</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 25.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Deferred tax summary in</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">balance sheet accounts</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 11.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31,</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 10.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">With effects</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">on Results</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">With effects on OCI</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">and Retained Profits</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Eliminations</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Reclassifications</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31,</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td></tr><tr><td colspan="7" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of Colombian pesos</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Assets deferred tax Results</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">559,220</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">127,463</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(5,752)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">23,870 </div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">704,801 </div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Assets deferred tax OCI and Equity</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">43,645</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">435,826</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,595) </div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">477,876 </div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net Deferred Tax</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">602,865</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">127,463</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">435,826</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(5,752)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">22,275</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,182,677</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 30.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 18.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 18.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Implementation</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 16.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Increase</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 18.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td></tr><tr><td colspan="5" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of Colombian pesos</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Asset Deferred Tax:</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Property and equipment</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">21,153</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,848</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">812</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">18,117</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Employee Benefits</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">161,524 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,021</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,824</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">172,327</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Deterioration assessment</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">204,910 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">207,296</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">59,306</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">56,920</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Tax credits settlement </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">68,463 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">209</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,935</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">74,189</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Financial Obligations</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">51,863 </div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,916</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">241,918</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">291,865</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Investments evaluation </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">81</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,495</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">80,277</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">73,863</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Other deductions</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">51,226 </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">38,257</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,551</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">17,520</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total Asset Deferred Tax</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">559,220</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">260,042</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">405,623</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">704,801</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 30.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 18.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 18.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Implementation</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 16.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Increase</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 18.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td></tr><tr><td colspan="5" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of Colombian pesos</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Asset Deferred Tax:</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;">&#160;</div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Net profit (loss) on foreign investment hedge</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,895</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">172,870</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">179,765</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Employee Benefits</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">36,750</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9,625</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,478</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">28,603</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">IFRS 9 implementation adjustment</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">-</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">17,614</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">287,122</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">269,508</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total Asset Deferred Tax</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">43,645</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">27,239</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">461,470</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">477,876</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">(1)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Value recorded against retained earnings, not other comprehensive income (ORI)</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">In accordance with the financial projections, it is expected in the future to generate sufficient liquid income to offset the items recorded as deductible deferred tax. These estimates start from the financial projections that were prepared taking into account the information of the Bancolombia Group's economic research, the expected economic environment for the next five years. The main indicators on which the models are based are GDP growth, loans growth and interest rates. In addition to these elements, the Bank's long-term strategy is taken into account.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Liability deferred tax with effect on Income Statement, OCI and Equity</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 28.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Deferred tax summary in</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">balance sheet accounts</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31,</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">With effects</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">on Results</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">With effects on OCI</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">and Retained Profits</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Eliminations</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Reclassifications</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31,</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td></tr><tr><td colspan="7" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of Colombian pesos</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Liability deferred tax Results</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,784,575)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(293,108)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(50,524)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,206 </div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,122,001)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Liability deferred tax OCI and Equity</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(109,874)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,930</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(663)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(187) </div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(107,794)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net Deferred Tax</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(1,894,449)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(293,108)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,930</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(51,187)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">6,019</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(2,229,795)</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 40.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Implementation</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Increase</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td></tr><tr><td colspan="5" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of Colombian pesos</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Liability Deferred Tax:</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Property and equipment</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(233,550)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">16,225</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">26,005</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(243,330)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Lease restatement</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(455,610)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">242,251</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(213,359)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Deterioration assessment</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(6,412)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,923</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">373,689</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(375,178)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Participatory titles evaluation</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(121,210)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">40,084</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">58,837</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(139,963)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Derivatives' evaluation</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(56,726)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">121,744</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(178,470)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Goodwill</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(758,888)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">18,818</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">118,779</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(858,849)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Properties received in payment</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(47,509)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,563</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">32,097</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(77,043)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Other deductions</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(104,670)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">76,659</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,798</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(35,809)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total Liability Deferred Tax:</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(1,784,575)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">401,523</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">738,949</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(2,122,001)</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 40.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Implementation</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Increase</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td></tr><tr><td colspan="5" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of Colombian pesos</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Liability Deferred Tax</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Employee Benefits</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(4,401)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">721</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">237</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(3,917)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Investments evaluation </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(105,473)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">14,247</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,057</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(95,283)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Investments in associates. Adjustment for equity method</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">663</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(663)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">IFRS 9 implementation adjustment</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)(2)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,931</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(7,931)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total Liability Deferred Tax:</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(109,874)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">14,968</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">12,888</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(107,794)</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Value recorded against retained earnings, not other comprehensive income (ORI)</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Effect on Grupo Agromercantil Holding due to an increase in the investments evaluation</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total deferred tax</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 28.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Deferred tax summary in</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">balance sheet accounts</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31,</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">With effects</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">on Results</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">With effects on</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">ORI and Retained</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Profits</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Eliminations</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Reclassifications</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31,</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td></tr><tr><td colspan="7" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of Colombian pesos</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Asset Deferred Tax:</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">602,865</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">127,463</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">435,826</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(5,752)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">22,275</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,182,677</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Liability Deferred Tax</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,894,449)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(293,108)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,930</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(51,187)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,019</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,229,795)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net Deferred Tax</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(1,291,584)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(165,645)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">438,756</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(56,939)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">28,294</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; 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IMPACTS ON APPLICATION OF NEW STANDARDS</div></div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 36pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">a)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Accounting Pronouncements Applicable in 2018</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 1in; margin-top: 0px; text-align: justify; text-indent: -0.25in; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-family: &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0pt 0px; text-align: justify; font-size: 10pt;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;">IFRS </div></div><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;">9</div></div><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="color: rgb(0, 117, 192); letter-spacing: 0px; top: 0px;;display:inline;"> financial instruments:</div>&#160;The Bank adopted IFRS </div><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9</div><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> as issued in </div><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">July 2014</div><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> from and as of from </div><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">January 1, 2018</div><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">. As permitted by the transitional provisions of IFRS </div><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9</div><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">, the Bank elected not to restate comparative figures. 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On the date of initial application of IFRS 9, the Bank evaluated the business model through which each group of investments in debt instruments is managed by the Bank, identifying whether the objective of the business model used to manage the portfolio is to hold assets (i) to collect contractual cash flows or (ii) to collect contractual cash flows and sell the instruments. The investments were reclassified, respectively, from the category previously used to either &#8220;amortized cost&#8221; or &#8220;at fair value through other comprehensive income&#8221; (FVOCI) if the instruments give rise, on specific dates, to cash flows that are solely payments of principal and interest of the outstanding principal. Investments that were not classified at amortized cost or FVOCI were subsequently reclassified as measured &#8220;at fair value recognized through profit and loss&#8221; (FVTPL).</td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px; background: none;"></div><div style="color: rgb(0, 0, 0); font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; text-align: justify; background: none;">&#160;</div><table style="font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin-top: 0pt; margin-bottom: 0pt; border-collapse: collapse; border-spacing: 0px; table-layout: fixed;;width:100%;"><tr style="vertical-align:top"><td style="width: 0pt; padding: 0px;"></td><td style="width: 14.7pt; padding-left: 0px; padding-top: 0px; padding-bottom: 0px; font-size: 10pt;"><div style="color: rgb(41, 128, 185); letter-spacing: 0px; top: 0px;;display:inline;">&#183;</div></td><td style="text-align: justify; padding-left: 0px; padding-top: 0px; padding-bottom: 0px;"><div style="color: rgb(41, 128, 185); letter-spacing: 0px; top: 0px;;display:inline;">Business model assessment:</div>&#160;The Bank makes an assessment of the objective of a business model in which an asset is held at a portfolio level because this best reflects the way the business is managed and information is provided to management. 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In particular, whether management&#8217;s strategy focuses on earning contractual interest revenue, maintaining a particular interest rate profile, matching the duration of the financial assets to the duration of the liabilities that are funding those assets or realizing cash flows through the sale of the assets.</td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px; 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font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Note</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Original</div></div><br/><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">classification under</div></div><br/><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">IFRS 9 (2013)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">New</div></div><br/><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Classification</div></div><br/><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">under IFRS 9</div></div><br/><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;(2014)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Original</div></div><br/><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">carrying</div></div><br/><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">amount under</div></div><br/><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">IFRS 9 (2013)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">New carrying</div></div><br/><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">amount under</div></div><br/><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">IFRRS 9 (2014)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Impact to</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">equity</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Financial assets</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Cash and cash equivalents</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Amortized cost</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Amortized cost</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">18,165,644</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">18,165,644</div></div></td><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Debt securities (a)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.1</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">FVTPL</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">FVOCI</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,105,230</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,106,468</div></div></td><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,238</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Debt securities </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.1</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">FVTPL</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">FVTPL</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,596,625</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,596,947</div></div></td><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">322</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Debt securities (b)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.1</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Amortized cost</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">FVOCI</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">850,535</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">884,884</div></div></td><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">34,349</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Debt securities (c)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.1</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Amortized cost</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">FVTPL</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">176,229</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">180,976</div></div></td><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,747</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Debt securities </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.1</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Amortized cost</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Amortized cost</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,130,804</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,121,981</div></div></td><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(8,823)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Equity securities</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.2</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">FVTPL</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">FVTPL</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">988,455</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">988,455</div></div></td><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Equity securities</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.2</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">FVOCI</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">FVOCI</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">529,375</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">529,375</div></div></td><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Derivatives</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.3</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">FVTPL</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">FVTPL</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,134,372</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,134,372</div></div></td><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Loans and financial leases </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Amortized cost</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Amortized cost</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">152,244,991</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">151,209,930</div></div></td><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(1,035,061)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total financial Assets</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">187,922,260</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">186,919,032</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(1,003,228)</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 32.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Note</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Original</div></div><br/><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">classification under</div></div><br/><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">IFRS 9 (2013)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">New</div></div><br/><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Classification</div></div><br/><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">under IFRS 9</div></div><br/><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(2014)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Original</div></div><br/><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">carrying</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">amount under</div></div><br/><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">IFRS 9 (2013)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">New carrying</div></div><br/><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">amount under</div></div><br/><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">IFRRS 9 (2014)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Impact to</div></div><br/><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">equity</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">financial liabilities</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Customer deposits</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">14</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Amortized cost</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Amortized cost</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">131,959,215</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">131,959,215</div></div></td><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Interbank</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">15</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Amortized cost</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Amortized cost</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,084,591</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,084,591</div></div></td><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Repos</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">15</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Amortized cost</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Amortized cost</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,236,128</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,236,128</div></div></td><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Derivatives</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.2</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">FVTPL</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">FVTPL</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">945,853</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">945,853</div></div></td><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Financial liabilities</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">16</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Amortized cost</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Amortized cost</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">13,822,152</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">13,822,152</div></div></td><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Issued debt securities</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">17</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Amortized cost</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Amortized cost</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">19,648,714</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">19,704,624</div></div></td><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(55,910)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Other liabilities</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">20</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">N/A</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">N/A</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">151,789</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">139,999</div></div></td><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">11,790</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Total financial liabilities </div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">170,848,442</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">170,892,562</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(44,120)</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-left: 0.25in; font-size: 13.3333px;">The application of revised accounting policies responsive to IFRS 9 resulted in the following adjustments:</div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.75in; margin-top: 0px; text-align: justify; text-indent: -0.25in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">&#160;</div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 36pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">(a)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">LETES (El Salvador Public Treasury Bills) issued by the Government of El Salvador which amounted to COP 129,962, bonds issued by the Government of Guatemala to COP 206,031, bonds issued by The Republic of Panama to COP 923,787 and treasury bonds of the United States of America to COP (<div style="letter-spacing: 0px; top: 0px;;display:inline;">475,428</div>), among others, were reclassified from </div>fair value through profit or loss (FVTPL) to fair value through other comprehensive income (FVOCI). These investments are now held within a business model whose objective is achieved by both collecting contractual cash flows and selling them in the market.</div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.75in; margin-top: 0px; text-align: justify; text-indent: -0.25in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">&#160;</div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 36pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">(b)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Bonds issued by the Government of Guatemala which amounted to COP 558,516 and term deposit certificates in foreign currency to COP <div style="letter-spacing: 0px; top: 0px;;display:inline;">292,019</div> have been reclassified from the category Amortized&#160;</div>cost to, FVOCI. 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Those instruments are now managed for selling them in the market, instead of obtaining the contractual cash flows.</div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; text-indent: 0.25in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The reconciliation of the carrying amount and measurement categories between IFRS 9 (2013) and IFRS 9 (2014) as of January 1, 2017 for debt instruments is described below:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 40.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Closing balance as of</div></div><br/><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div><br/><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">under IFRS 9 (2013)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Reclassification</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Remeasurement</div><br/>&#8206;<div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; 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font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(2014)</div></div></div></td></tr><tr><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Debt instruments at fair value Through profit or loss</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Initial balance</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,701,855</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">322</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">10,702,177</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Reclassification to fair value through other comprehensive income (OCI)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,105,230)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2,105,230)</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Reclassification from Amortized cost</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">176,229</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,747</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">180,976</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Final balance</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">10,701,855</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(1,929,001)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5,069</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">8,777,923</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Debt instruments measured at amortized cost</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Initial balance</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,157,568</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(8,823)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">4,148,745</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Reclassification to fair through profit or loss</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(176,229)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(176,229)</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Reclassification to fair value through other comprehensive income (OCI)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(850,535)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(850,535)</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Final balance </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">4,157,568</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(1,026,764)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(8,823)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,121,981</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Debt instruments measured at fair value through other comprehensive income</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Initial balance</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">-</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Reclassification from fair value through profit or loss</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,105,230</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,238</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">2,106,468</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Reclassification from amortized cost</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">850,535</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">34,349</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">884,884</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Final balance</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,955,765</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">35,587</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,991,352</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total changes in balances, reclassifications and re-measurements of financial assets</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">14,859,423</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">31,833</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">14,891,256</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">&#160;</div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">(1)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">The effects presented contain changes due to the measurement of investment from Amortized cost to fair value and new loss allowance for credit risk of those instruments classified as amortized cost</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: sub;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Impairment: </div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The impact of the allowance for credit losses at the end of 2017, under the incurred loss model of IAS 39 and the new allowance under the expected credit losses model determined in accordance with IFRS 9 to January 1, 2018, is presented below:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 55.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div><br/><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">under IAS 39</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Remeasurement</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">January 1, 2018</div></div><br/><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">under IFRS 9</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Financial Instruments</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr style="font-size: 10pt;"><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Impairment of loan portfolio at amortized cost and financial leasing operations</div></div></div></td><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,223,103</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; 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letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Impairment of debt instruments at amortized cost</div></div></div></td><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,201</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,823</div></div></td><td style="border-bottom: none; border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 3.5pt; vertical-align: middle; font-size: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; text-align: right; font-size: 10pt;"><div style="font-size:10pt;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">10,024</div></div></div></div></td></tr><tr style="font-size: 10pt;"><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Impairment of debt instruments at fair value through other comprehensive income</div></div></div></td><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,705</div></div></td><td style="border-bottom: none; border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 3.5pt; vertical-align: middle; font-size: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; text-align: right; font-size: 10pt;"><div style="font-size:10pt;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">5,705</div></div></div></div></td></tr><tr style="font-size: 10pt;"><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Other liabilities (loan commitments and guarantees) </div></div></div></td><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">151,789</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(11,790)</div></div></td><td style="border-bottom: none; border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 3.5pt; vertical-align: middle; font-size: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; text-align: right; font-size: 10pt;"><div style="font-size:10pt;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">139,999</div></div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total allowance for credit losses</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">8,376,093</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; 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font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Retained earnings:</div><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> The following table analyses the impact of transition to IFRS 9 on Retained earnings:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 75%;margin-left: auto;margin-right: auto;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 80.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Impact of adopting</div></div><br/><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;IFRS 9 (2014)</div></div></div></td></tr><tr><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Retained earnings</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Closing balance as of 31 December 2017 under IFRS 9 (2013) </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,568,182</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Recognition of expected credit losses under IFRS 9 (2014) for debt instruments at FVOCI</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(4,837)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Recognition of expected credit losses under IFRS 9 (2014) for debt instruments at Amortized cost</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(8,736)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Reclassification of investments in Debt instruments</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">24,126</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Recognition of expected credit losses under IFRS 9 (2014) for loans and financial leases</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(948,785)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Recognition of expected credit losses under IFRS 9 (2014) for Financial guarantees and loan commitments </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">16,990</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Recognition of Debt modifications that do not result in derecognition</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(55,910)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Diferred tax</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">245,512</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total impact to retained earnings</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(731,640)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Opening balance as of (01 January 2018) under IFRS 9 (2014)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,836,542</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Non-controling interest</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(18,141)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Effect of adoption of IFRS 9 (2014) in retained earnings</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(749,781)</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><table style="border-spacing: 0px; border-collapse: collapse; margin-bottom: 0px; margin-top: 0px; width: 100%; table-layout: fixed;"><tr style="vertical-align: top;"><td style="padding: 0px; width: 0in;"></td><td style="text-align: justify; width: 0.25in; padding-left: 0px; padding-right: 0px; font-size: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; text-align: justify; line-height: normal;"><div style="color: rgb(41, 128, 185); letter-spacing: 0px; top: 0px;;display:inline;">&#183;</div></div></td><td style="text-align: justify; padding-left: 0px; padding-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; text-align: justify; line-height: normal; font-size: 10pt;"><div style="color: rgb(41, 128, 185); letter-spacing: 0px; top: 0px;;display:inline;">Modification of financial instruments that do not result in derecognition:</div>&#160;As part of the Amendment to IFRS 9: Prepayment Features with Negative Compensation, IASB issued a clarification to the accounting for the modification of financial liabilities that do not result in derecognition. Pursuant to the clarification, IFRS 9 requirements for adjusting the amortized cost of a liability in that situation is consistent with those applied to the modification of a financial asset that does not result in derecognition. As a result, the bank adjusted the amortized cost of the outstanding bonds that were subject to the intermediated exchange of debt during 2018 at the present value of the estimated contractual cash flows, discounting at the original effective interest rate of the bonds. The resulting increase in liability of COP<div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> 55,910 </div>was recognized as of January 1, 2018 as part of the transition to IFRS 9.</div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="color: rgb(0, 0, 0); font: 10pt 'times new roman', times, serif; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0pt 0px 0pt 0.25in;">For further information please see note 2.D.7.4 to the Consolidated Financial Statements.</div><div style="color: rgb(0, 0, 0); font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px 0px 0px 0.25in; background: none;"><div style="background: none; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; text-decoration: none; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">IFRS 15, Revenue from Contracts with Customers:</div></div><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> On January 1, 2018, the Bank adopted IFRS 15 Revenue from contracts with customers. The transition method used by the Bank in the implementation of IFRS 15 was the modified retrospective approach, due to it opting to retroactively apply this Standard only to current contracts which were not completed by the initial application date, adopting the standard as of January 1, 2018.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">In the process of implementing IFRS 15 in the Bank, the contracts agreed with customers were reviewed, in order to establish the impacts on the separation of the components included in them. 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font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Recently Issued Accounting Pronouncement Applicable in 2019</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; 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In addition, the nature of the expenses corresponding to operating lease contracts as lessee will change with IFRS 16, from lease expenses to charges for depreciation of rights to use the asset and financial expenses in lease liabilities. The transition model chosen by The Bank is the modified retrospective, where the right-of-use assets will be measured as if IFRS 16 had always been applied, using the incremental rate of indebtedness known at the transition date.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="background: #ffffff;font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The preliminary impact of the adoption of this new standard could generate the recognition of assets for right of use between COP 1,980,830 and 2,174,830 and lease liabilities between COP 2,393,442 and 2,587,442, which according to the defined option of valuation of the right-of-use could generate a decrease in retained earnings as of January 1, 2019 between COP 309,815 and 503,815. On the other hand, a net impact on the deferred tax of approximately COP 120,000 is estimated. Once the analyzes are finalized, the final figures of the impacts on the adoption of this new standard will be defined and recognized. There will be no early adoption of this standard</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">As of January 1, 2019, the recognition of some lease agreements will influence the deferred tax, both in the initial recognition of the right-of-use asset and the lease liability; it will also have an implication in subsequent periods, because the tax regulation for the management of the lease differs from this accounting recognition.</div></div><div style="font-family: &quot;times new roman&quot;, serif; 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font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">a)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Do not carry out an assessment of the impairment of the value of the assets for the right-to-use lease contracts, because prior to the transition to IFRS 16, said contracts were evaluated and none was determined to be onerous;</div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">b)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">For contracts whose maturity is within 12 months following the date of initial application, they will be recognized as short-term leases.</div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">c)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The initial direct costs of measuring the asset by right to use will be excluded on the date of initial application; and</div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">d)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, times, serif; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: 0px; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; top: 0px;;display:inline;">The Bank will use hindsight, such as in determining the lease term if the contract contains options to extend or terminate the leases</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div> <table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Impairment: </div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The impact of the allowance for credit losses at the end of 2017, under the incurred loss model of IAS 39 and the new allowance under the expected credit losses model determined in accordance with IFRS 9 to January 1, 2018, is presented below:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 55.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div><br/><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">under IAS 39</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Remeasurement</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">January 1, 2018</div></div><br/><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">under IFRS 9</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Financial Instruments</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr style="font-size: 10pt;"><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Impairment of loan portfolio at amortized cost and financial leasing operations</div></div></div></td><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,223,103</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; 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letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Impairment of debt instruments at amortized cost</div></div></div></td><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,201</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,823</div></div></td><td style="border-bottom: none; border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 3.5pt; vertical-align: middle; font-size: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; text-align: right; font-size: 10pt;"><div style="font-size:10pt;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">10,024</div></div></div></div></td></tr><tr style="font-size: 10pt;"><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Impairment of debt instruments at fair value through other comprehensive income</div></div></div></td><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,705</div></div></td><td style="border-bottom: none; border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 3.5pt; vertical-align: middle; font-size: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; text-align: right; font-size: 10pt;"><div style="font-size:10pt;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">5,705</div></div></div></div></td></tr><tr style="font-size: 10pt;"><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Other liabilities (loan commitments and guarantees) </div></div></div></td><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">151,789</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(11,790)</div></div></td><td style="border-bottom: none; border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 3.5pt; vertical-align: middle; font-size: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; text-align: right; font-size: 10pt;"><div style="font-size:10pt;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">139,999</div></div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total allowance for credit losses</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">8,376,093</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,037,799</div></div></div></td><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: 1pt solid rgb(0, 0, 0); padding: 0px 3.5pt; vertical-align: middle; text-align: right; text-indent: 0px;"><div style="color: rgb(0, 112, 192); font-family: 'times new roman', times, serif; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: nowrap; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;;font-weight:bold;display:inline;">9,413,892</div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Obligations granted by domestic banks</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of December 31, 2018</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td rowspan="2" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 57.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Financial entity</div></div></div></td><td rowspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 10.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Rate</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Maximum</div></div></div></td><td rowspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Rate Minimum</div></div></div></td><td rowspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 21.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;width: 0.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr style="font-size: 10pt;"><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Financiera de desarrollo territorial (Findeter)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10.19%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.24%</div></div></td><td style="border-bottom: none; border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 3.5pt; vertical-align: bottom; text-align: right; font-size: 10pt;"><div style="font-size:10pt;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif;;display:inline;">&#160;2,591,423</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr style="font-size: 10pt;"><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Banco de comercio exterior de Colombia (Bancoldex)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">15.46%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.17%</div></div></td><td style="border-bottom: none; border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 3.5pt; vertical-align: bottom; text-align: right; font-size: 10pt;"><div style="font-size:10pt;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif;;display:inline;">&#160;1,205,958</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr style="font-size: 10pt;"><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Fondo para el financiamiento del sector agropecuario (Finagro)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">14.54%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.85%</div></div></td><td style="border-bottom: none; border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 3.5pt; vertical-align: bottom; text-align: right; font-size: 10pt;"><div style="font-size:10pt;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif;;display:inline;">&#160;634,048</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr style="font-size: 10pt;"><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Other private financial entities</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.92%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.82%</div></div></td><td style="border-bottom: none; border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 3.5pt; vertical-align: bottom; font-size: 10pt;"><div style="font-family: &quot;times new roman&quot;, serif; text-align: right; font-size: 10pt;"><div style="font-size:10pt;;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">689,227</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5,120,656</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); 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font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Financiera de desarrollo territorial (Findeter)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">11.30%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; 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letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Other private financial entities</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); 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letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5,863,702</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 1425585000000 59895000000 -1886000000 1483594000000 231824000000 17455000000 0 249279000000 -1886000000 1355717000000 49721000000 20147000000 225972000000 5852000000 0 20147000000 209002000000 <div style="font-family: &quot;times new roman&quot;, serif; font-size: 16pt; margin-left: 0.3in; text-align: justify; text-indent: -0.3in;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 16pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">NOTE 31. RISK MANAGEMENT</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="color:#000000; font:10pt 'times new roman', times, serif; letter-spacing:normal; orphans:2; text-indent:0px; text-transform:none; white-space:normal; widows:2; word-spacing:0px; -webkit-text-stroke-width:0px; text-decoration-style:initial; text-decoration-color:initial; margin:0px; text-align:justify">The Bank&#8217;s comprehensive risk management is developed in compliance with current regulations and internal standards as defined by the Board of Directors, in relation to market, credit/ counterparty, liquidity and operational risk. This management is strengthened with the three lines of defense model, with a cohesive and coordinated approach, in which its independence is guaranteed. Within the Corporate Governance Framework, the roles of the responsible areas in each line are defined, according to the level of responsibility in Grupo Bancolombia, in order to guarantee effective and efficient coordination among them for risk management (in its different stages) and internal control.</div><div style="color: rgb(0, 0, 0); font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; text-align: justify; background: none;">&#160;</div><div style="color:#000000; font:10pt 'times new roman', times, serif; letter-spacing:normal; orphans:2; text-indent:0px; text-transform:none; white-space:normal; widows:2; word-spacing:0px; -webkit-text-stroke-width:0px; text-decoration-style:initial; text-decoration-color:initial; margin:0px; text-align:justify"><div style="font-weight:bold;display:inline;">First line of defense:</div>&#160;is the owner of risks and its management, focused on self-control. 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For the development of its supervisory functions has the support of the Risk Committee in charge of the approval, monitoring and control of policies, methodologies, tools, guidelines and strategies for the identification, measurement, control and mitigation of risks. According to the corporate guidelines, the Risk Committee has the participation of members from the Board of Directors.</div><div style="color: rgb(0, 0, 0); font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; text-align: justify; background: none;">&#160;</div><div style="color:#000000; font:10pt 'times new roman', times, serif; letter-spacing:normal; orphans:2; text-indent:0px; text-transform:none; white-space:normal; widows:2; word-spacing:0px; -webkit-text-stroke-width:0px; text-decoration-style:initial; text-decoration-color:initial; margin:0px; text-align:justify">The main function of the Corporate Risk Vicepresidency is to design and propose risk management strategies to the Board of Directors and Senior Management, lead its execution and define the risk appetite, in such a way as to ensure alignment with the corporate strategy of the Group. In addition, it defines the risk guidelines in policies, methodologies and tools for the Group.</div><div style="color: rgb(0, 0, 0); font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; text-align: justify; background: none;">&#160;</div><div style="color:#000000; font:10pt 'times new roman', times, serif; letter-spacing:normal; orphans:2; text-indent:0px; text-transform:none; white-space:normal; widows:2; word-spacing:0px; -webkit-text-stroke-width:0px; text-decoration-style:initial; text-decoration-color:initial; margin:0px; text-align:justify">The Risk Corporate Vicepresidency professionals manage the different risks inherent to the activities undertaken in the fulfillment of their responsibilities.</div><div style="clear: both; max-height: 0px;"></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Third line of defense:</div></div><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> Review the first two lines of defense, through a risk-based approach, guaranteeing governance effectiveness, risk management and internal control. It provides the Governance structures and Senior management with an adequate, independent and objective assurance of compliance within the organization.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Specifically, the Internal Audit periodically evaluates the execution of the processes and the application of the methodologies for measurement and control of risks that support the operations carried out by the entity, in accordance with current regulations and internal regulations defined by the Board of Directors and Senior Management.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">31.1 Credit risk</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Credit risk is the risk of an economic loss to the Bank due to a non-fulfillment of financial obligations by a customer or counterparty and arises principally from the decline on borrower&#180;s creditworthiness or changes in the business climate. Credit risk is the single largest risk for the Bank's business; the Bank manages its exposure to credit risk.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The information below contains the maximum exposure to credit risk:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 90%;margin-left: auto;margin-right: auto;"><tr><td colspan="5" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;;width:;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Maximum exposure to credit risk - Financial instruments subject to impairment</div></div></div></td></tr><tr><td colspan="5" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;;width:;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); border-right: none; border-top: none; padding: 0px 3.5pt; vertical-align: middle; width: 28%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: 115%; text-align: center; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-left: none; border-right: none; border-top: none; padding: 0px 3.5pt; vertical-align: middle; width: 18%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Stage 1</div></div></div></td><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-left: none; border-right: none; border-top: none; padding: 0px 3.5pt; vertical-align: middle; width: 18%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Stage 2</div></div></div></td><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-left: none; border-right: none; border-top: none; padding: 0px 3.5pt; vertical-align: middle; width: 18%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Stage 3</div></div></div></td><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 3.5pt; vertical-align: middle; width: 18%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td></tr><tr><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); border-right: none; border-top: none; padding: 0px 3.5pt; vertical-align: middle; width: 28%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Loans and Advances</div></div></div></td><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-left: none; border-right: none; border-top: none; padding: 0px 3.5pt; vertical-align: middle; width: 18%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">153,894,099</div></div></div></td><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-left: none; border-right: none; border-top: none; padding: 0px 3.5pt; vertical-align: middle; width: 18%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">7,712,055</div></div></div></td><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-left: none; border-right: none; border-top: none; padding: 0px 3.5pt; vertical-align: middle; width: 18%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">12,212,962</div></div></div></td><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 3.5pt; vertical-align: middle; width: 18%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;&#160;&#160;&#160;&#160;173,819,116 </div></div></div></td></tr><tr><td style="border-bottom: none; border-left: 1pt solid rgb(0, 0, 0); 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border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 18%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">20,280,416</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 18%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,513,063</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 18%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,077,206</div></div></td><td style="border-bottom: none; border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 3.5pt; vertical-align: middle; width: 18%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;22,870,685 </div></div></td></tr><tr><td style="border-bottom: none; border-left: 1pt solid rgb(0, 0, 0); border-right: none; border-top: none; padding: 0px 3.5pt; vertical-align: middle; width: 28%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="white-space: pre-line; color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;&#160;&#160;Small Business Loans</div></div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 18%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">958,491</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 18%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">80,805</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 18%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">116,902</div></div></td><td style="border-bottom: none; border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 3.5pt; vertical-align: middle; width: 18%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;1,156,198 </div></div></td></tr><tr><td style="border-bottom: none; border-left: 1pt solid rgb(0, 0, 0); border-right: none; border-top: none; padding: 0px 3.5pt; vertical-align: middle; width: 28%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="white-space: pre-line; color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;&#160;&#160;Financial Leases</div></div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 18%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">20,355,961</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 18%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,145,165</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 18%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,697,078</div></div></td><td style="border-bottom: none; border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 3.5pt; vertical-align: middle; width: 18%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;23,198,204 </div></div></td></tr><tr><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); border-right: none; border-top: 1pt solid rgb(0, 0, 0); padding: 0px 3.5pt; vertical-align: middle; width: 28%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Off-Balance Sheet Exposures</div></div></div></td><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-left: none; border-right: none; border-top: 1pt solid rgb(0, 0, 0); padding: 0px 3.5pt; vertical-align: middle; width: 18%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">38,831,993</div></div></div></td><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-left: none; border-right: none; border-top: 1pt solid rgb(0, 0, 0); padding: 0px 3.5pt; vertical-align: middle; width: 18%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">349,228</div></div></div></td><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-left: none; border-right: none; border-top: 1pt solid rgb(0, 0, 0); padding: 0px 3.5pt; vertical-align: middle; width: 18%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">354,525</div></div></div></td><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: 1pt solid rgb(0, 0, 0); padding: 0px 3.5pt; vertical-align: middle; width: 18%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;&#160;&#160;&#160;39,535,746 </div></div></div></td></tr><tr><td style="border-bottom: none; border-left: 1pt solid rgb(0, 0, 0); border-right: none; border-top: none; padding: 0px 3.5pt; vertical-align: middle; width: 28%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="white-space: pre-line; color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;&#160;&#160;&#160;Financial Guarantees</div></div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 18%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">5,641,482</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 18%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">18,340</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 3.5pt; vertical-align: middle; width: 18%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,839</div></div></td><td style="border-bottom: none; border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 3.5pt; vertical-align: middle; width: 18%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;5,661,661 </div></div></td></tr><tr><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); border-right: none; border-top: none; padding: 0px 3.5pt; vertical-align: middle; width: 28%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="white-space: pre-line; color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;&#160;&#160;Loan Commitments</div></div></div></td><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-left: none; border-right: none; border-top: none; padding: 0px 3.5pt; vertical-align: middle; width: 18%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">33,190,511</div></div></td><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-left: none; border-right: none; border-top: none; padding: 0px 3.5pt; vertical-align: middle; width: 18%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">330,888</div></div></td><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-left: none; border-right: none; border-top: none; padding: 0px 3.5pt; vertical-align: middle; width: 18%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">352,686</div></div></td><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 3.5pt; vertical-align: middle; width: 18%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;33,874,085 </div></div></td></tr><tr><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); border-right: none; border-top: none; padding: 0px 3.5pt; vertical-align: middle; width: 28%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Loss Allowance</div></div></div></td><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-left: none; border-right: none; border-top: none; padding: 0px 3.5pt; vertical-align: middle; width: 18%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(1,872,529) </div></div></div></td><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-left: none; border-right: none; border-top: none; padding: 0px 3.5pt; vertical-align: middle; width: 18%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(1,246,444) </div></div></div></td><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-left: none; border-right: none; border-top: none; padding: 0px 3.5pt; vertical-align: middle; width: 18%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(7,244,517) </div></div></div></td><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 3.5pt; vertical-align: middle; width: 18%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(10,363,490) </div></div></div></td></tr><tr><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); border-right: none; border-top: none; padding: 0px 3.5pt; vertical-align: middle; width: 28%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-left: none; border-right: none; border-top: none; padding: 0px 3.5pt; vertical-align: middle; width: 18%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">190,853,563</div></div></div></td><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-left: none; border-right: none; border-top: none; padding: 0px 3.5pt; vertical-align: middle; width: 18%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">6,814,839</div></div></div></td><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-left: none; border-right: none; border-top: none; padding: 0px 3.5pt; vertical-align: middle; width: 18%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5,322,970</div></div></div></td><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 3.5pt; vertical-align: middle; width: 18%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;&#160;&#160;&#160;202,991,372 </div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="7" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Maximum Exposure to Credit Risk - Other Financial Instruments</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Maximum Exposure</div></div></div></td><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Collateral *</div></div></div></td><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net Exposure</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 18.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td></tr><tr><td colspan="7" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Maximum Exposure to Credit Risk</div></div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Debt instruments</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">15,745,530</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">14,859,423</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,352,276)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,741,345)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">13,393,254</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">&#160;12,118,078 </div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Derivatives **</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">894,001</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">457,940</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">(97)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">(125,902)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">893,905</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">332,038</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Equity</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,639,949</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,520,313</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">- </div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,639,949</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,520,313</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">18,279,480</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">16,837,676</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(2,352,373)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(2,867,247)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">15,927,108</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">13,970,429</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">See Notes on this table:</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-left: 0.13in; text-align: justify; text-indent: -0.13in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">* Collateral Held (-) and Collateral Pledged (+)</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-left: 0.13in; text-align: justify; text-indent: -0.13in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">** </div>Exposure in Derivatives with base in MTM (only positive values), netting by counterparty is applied</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-left: 0.25in; text-align: justify; text-indent: -0.13in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">* Debt instruments Book value 100%</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-left: 0.25in; text-align: justify; text-indent: -0.13in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">* Equity Instruments:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-left: 0.25in; text-align: justify; text-indent: -0.13in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-&#160;Shares:100%</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-left: 0.13in;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-&#160;Investment&#160;funds:&#160;Book&#160;value&#160;100%</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 43.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Maximum exposure</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 19.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Collateral</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 18.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net exposure</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: center; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Loans and Advances</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">160,468,094</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(71,122,738)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">89,345,356</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="white-space: pre-line; color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;&#160;&#160;Commercial</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">88,997,241</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(42,593,800)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">46,403,441</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="white-space: pre-line; color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;&#160;&#160;Consumer </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">27,646,114</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(5,915,201)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">21,730,913</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="white-space: pre-line; color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;&#160;&#160;Mortgage</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">20,512,208</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(18,991,957)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,520,251</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="white-space: pre-line; color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;&#160;&#160;Small Business Loans</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,063,580</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(652,227)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">411,353</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="white-space: pre-line; color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;&#160;&#160;Financial Leases</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">22,248,951</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,969,553)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">19,279,398</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Off-Balance Sheet Exposures</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">22,360,075</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">22,360,075</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="white-space: pre-line; color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;&#160;&#160;&#160;Financial Guarantees</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,701,643</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,701,643</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="white-space: pre-line; color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;&#160;&#160;Loan Commitments</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">15,658,432</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">-</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">15,658,432</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="white-space: pre-line; color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Other Financial Instruments </div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">16,837,677</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(2,867,247)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">13,970,430</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Debt Securities</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">14,859,423</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,741,345)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,118,078</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Derivatives</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">457,940</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(125,902)</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">332,038</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Equity Securities</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2)</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,520,314</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,520,314</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">199,665,846</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(73,989,985)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">125,675,861</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-left: 0.1in; text-align: justify; text-indent: -0.1in;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1) </div></div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Collateral Held (-) and Collateral Pledged (+). </div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(38, 38, 38); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(2) </div></div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Includes investments classified as &#8220;assets held for sale&#8221;. See Note 12 Assets held for sale and inventories, net.</div></div></div> <div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Maximum exposure to credit risk of the loans and advances refers to the carrying amount at the end of the period. It does not take into account any collateral received or any other credit risk mitigates.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Maximum exposure to credit risk of financial guarantees corresponds to the total amount guaranteed at the end of the period. This amount represents the worst case scenario and does not reflect the expected results.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Maximum exposure to derivatives refers to the fair value at the end of the period, without considering any guarantee received or any other credit risk mitigates.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Maximum exposure to credit risk of debt instruments and equity securities refers to the carrying amount at the end of the period without considering any guarantee received.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">a.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Credit Risk Management - Loans and Advances</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Risk management during the credit life cycle is developed through the fulfillment of the policies, procedures and methodologies stipulated in the Credit Risk Administration System, in accordance with the strategy approved by the Board of Directors for monitoring and controlling credit risk.</div></div><div style="font-family: &quot;times new roman&quot;, serif; 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In addition, the credit risk department has developed methodologies and manuals that specify the policies and procedures for different products and segments managed by the Bank.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">To maintain credit quality and manage the risk arising from its lending activities, the Bank has established general loan policies, including the following:</div></div><div style="font-family: &quot;times new roman&quot;, serif; 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max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; 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font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> These policies aim to acquire ample and sufficient knowledge of the characteristics of potential borrowers and to select them properly. The riskiness of the borrowers is determined using credit rating models. These models use information such as the credit history of the borrower, the type of business the borrower engages in, the borrower&#8217;s ability to repay the loan, and information received from the credit risk bureaus. The credit risk rating system is also used in determining the allowance for loans and advances and lease losses. </div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-left: 0.25in;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Loan applications, depending on their amount and risk level, are presented for approval at the level of management authority required.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; 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In addition, this policy is meant to provide the guidelines to perform client&#8217;s status analysis and take the necessary actions in order to mitigate credit risk the Bank is exposed to. For further information please see Note 2. </div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: symbol; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#61623;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Monitoring policies:</div></div><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> Contains various monitoring procedures, portfolio reports and policies for the purpose of overseeing, in an adequate and timely manner, the evolution of credit risk. These procedures include a continuous process of classification and reassessment of credit operations and they maintain consistency with the policies implemented for granting loans. </div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: symbol; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#61623;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Portfolio recovery policies:</div></div><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> Through the definition of these policies, the Bank aims to establish those mechanisms that allow it to anticipate the action to be taken in the event of possible delays and minimize the impact resulting from non-fulfillment of payment or delays by the borrower. Additionally, the aspects established in this policy delimit what the Bank has defined as collection management and that make it possible to obtain information to improve the origination policies and the allowances for loans and advances and lease losses models. </div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Management of credit risk is carried out in all of the credit life cycle. 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Additionally, on a periodically defined basis, the entire credit portfolio will be rated taking into account the established internal models for the purpose of evaluating the credit risk of each borrower and establishing the required allowance for loans and advances and lease losses.</div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;">In addition to the evaluation and qualification of the portfolio, the monthly allowance for loans and advances and lease losses serves to measure the present condition of the portfolio and the methodologies used for its calculation serve as a tool to evaluate risk, be it in a collective or individual manner. Collective evaluation of the portfolio applies the following parameters for measuring risk: probability of default (PD), loss given default (LGD) and exposure at default (EAD). 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max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; text-indent: -0.25in; background: none;"><div style="white-space: pre-line; 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font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">b.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Credit Quality Analysis - Loans and Financial Leases</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; 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font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The rating for corporate loans is assigned principally based on the analysis of the interrelation of both qualitative and quantitative elements that can affect the fulfillment of the financial commitments acquired by a borrower. They take information on the financial statements, profit and loss statement, historical payment behavior both with the Bank and with other entities, and qualitative information on variables that are not explicit in the financial statements. The rating model is applied at the origination of the loan and is updated by a central qualification office to undertake a periodical evaluation of the loan portfolio, during the months of May and November each year.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;">In the case of a retail customer, granting and behavior scoring models are used in order to identify the level of risk associated with the borrower. 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The following variables are part of this classification:</div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 16.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Segment</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 84.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Incomes/Sales</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Corporate</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Companies with annual sales &gt;= COP 80,000 M. Banistmo places borrowers with annual sales &gt;= USD 10 M. Banco Agr&#237;cola and BAM place borrowers with annual sales &gt;= USD 25 M.</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Business</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Companies with annual sales &gt; = COP 20,000 M and &lt; COP 80,000 M except for Banco Agr&#237;cola and BAM, which place borrowers with annual sales &gt;= USD 5 M and &lt; USD 25 M.</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Business Construction</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Constructors who dedicate themselves professionally to the construction of buildings to be sold or rented as their main activity, with annual sales &gt;= COP 20,000 M and &lt;= COP 45,000 M. They must have more than 3 projects executed as previous experience.</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Corporate Construction</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Constructors who dedicate themselves to the construction of buildings to be sold or rented as their main activity, with annual sales &gt; COP 45,000 M. They must have more than 3 projects executed as previous experience.</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">SME</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Construction</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Constructors who dedicate themselves professionally to the construction of buildings to be sold or rented as their main activity with annual sales &gt;= COP 380 M and &lt;= COP 20,000 M. They must have more than 3 projects executed as previous experience.</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Institutional Financing</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Financial sector institutions.</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Government</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Municipalities, districts, departments with their respective decentralized organizations and entities at the national level with incomes &gt;= COP 20,000 M.</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">SME</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Annual sales &lt; COP 20,000 M, with a classification between small, medium, large and plus except for Banistmo which includes borrowers &lt; USD 10 M in annual sales, for Banco Agr&#237;cola and BAM &lt; USD 5 M.</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div> <div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: symbol; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#61623;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Consumer:</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Loans and advances, regardless of amount, granted to individuals for the purchase of consumer goods or to pay for non-commercial or business services.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; text-indent: 1.13in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">These loans are classified as follows:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Classification </div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 16.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Vehicles</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 84.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Credits granted for the acquisition of vehicles. The vehicle financed is used as collateral for the loan.</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Credit cards</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Revolving credit limits for the acquisition of consumer goods, utilized by means of a plastic card.</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Payroll loans</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">It is a credit line attached to an authorized individual payroll amount.</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Other loans</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Loans granted for the acquisition of consumer goods other than vehicles and Payroll loans Credit cards are not included in this segment.</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;">The counterparties in this portfolio are mainly individuals, segmented in homogenous groups, which are formed according to their size, which is calculated by their monthly income.</div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: symbol; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#61623;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Mortgage:</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; 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padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: symbol; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#61623;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Small Business Loans:</div></div></div></td></tr></table><div style="clear: both; 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top: 0px;;display:inline;">These are issued for the purpose of encouraging the activities of small business and are subject to the following requirements: their indebtedness with all entities can not exceed 120 minimum wages (excluding mortgage obligations for housing financing); (ii) The staff must not exceed 10 employees; (iii) The client's total assets, excluding mortgage assets, are less than 500 minimum wages.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;">The borrowers in this portfolio are mainly individuals, segmented in homogenous groups, which are formed according to their commercial size, which is calculated by their monthly income.</div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; 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font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">As of December 31, 2018, Bank&#8217;s total loan portfolio valued in Colombian pesos registered an increase of 8.32%, driven by a generalized growth in all the companies of the Group. 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Generally, clients with good credit behavior could be included in the watch list in case of detecting any event that can lead to future financial difficulties to repay their loans; for instance, internal factors such as the economic activity, financial weakness, impacts of macroeconomic conditions, changes in corporate governance and other situations that could affect clients&#8217; business. 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font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Watch List&#160;December 31 2018</div></div></div></td></tr><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Million COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 40.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Risk Level</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Amount</div></div></div></td><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-left: none; border-right: none; border-top: none; padding-bottom: initial; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0px; vertical-align: middle; width: 20%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Allowance</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Level 1 &#8211; Low Risk</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9,179,165</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.04%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">95,896</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Level 2 &#8211; Medium Risk</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,549,977</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.96%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">228,461</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Level 3 &#8211; High Risk</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,626,478</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">38.92%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">633,101</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Level 4 &#8211;&#160;&#160;High Risk</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,096,563</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">64.68%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,649,837</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">17,452,183</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">20.67%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,607,295</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="color: rgb(31, 73, 125); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Watch List&#160;December 31 2017</div></div></div></td></tr><tr><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Million COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 40.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Risk Level</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Amount</div></div></div></td><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-left: none; border-right: none; border-top: none; padding-bottom: initial; padding-left: 3.5pt; padding-right: 3.5pt; padding-top: 0px; vertical-align: middle; width: 20%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Allowance</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Level 1 &#8211; Low Risk</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,938,711</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.32%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">114,361</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Level 2 &#8211; Medium Risk</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,641,169</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.98%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">81,796</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Level 3 - High Risk</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,806,554</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">33.21%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,264,077</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Level 4&#8212; High Risk</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,509,014</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">76.22%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,150,212</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 112, 192); 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max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Loans and Financial Leases Collateral</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank obtains collateral for loans and leases in order to mitigate credit risk by foreclosing the collateral when the borrower cannot fully repaid the loan or lease. 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font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: symbol; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#61623;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">It is a payment source that sufficiently attends to the credit as per the requirement of the Bank.</div></div></td></tr></table><div style="clear: both; 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font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: symbol; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#61623;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">When the borrower is a government entity, the collateral has a pledge certificate issued by the appropriate authority. </div></div></td></tr></table><div style="clear: both; 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letter-spacing: 0px; top: 0px;;display:inline;">The Bank has defined the criteria for the collateral enforceability, which are established according to the classification of loan portfolio. In addition, the Bank&#160;has set guidelines to value collaterals and the frequency of such valuations, as well as those guidelines related to the legalization, registry and maintenance of the collateral. Likewise, the Bank has defined the criteria for insurability, custody and the necessary procedures for their cancellation.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;">The update of the fair value of mortgages and vehicles collaterals for the loan portfolio is made according with collateral the policy. The methodology used to estimate the fair value of the properties is applied by external and independent entities. Updating the fair value of the vehicles is done through guides and valid values commonly used as reference to set the value of a vehicle. The fair value of real state and vehicles are classified in levels 2 and 3 depending on the observability and significance of the inputs used in the valuation techniques&#160;according to the hierarchy established by IFRS 13.</div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">During the reporting period, the Group&#8217;s collateral policies have not changed significantly in relation to the way collateral is held and its overall quality.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table shows loans and financial leases, classified in commercial, consumer, mortgage, financial leases and small business loans, and disaggregated by type of collateral:&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="7" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td></tr><tr><td colspan="7" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Amount Covered by Collateral</div></div></div></td></tr><tr><td colspan="7" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In Millions of COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 28.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Nature of the Collateral</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Commercial</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Consumer</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Mortgage</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;margin-bottom: 0;margin-top: 0;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Financial</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Leasing</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Small Business</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Real Estate and Residential</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">21,209,517</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,744,581</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">20,720,459</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">84</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">282,822</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">43,957,463</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Goods Given in Real Estate Leasing</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">243</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">12,752,932</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">12,753,175</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Goods Given in Leasing Other Than Real Estate</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">5,900,913</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">5,900,913</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Stand by Letters of Credit</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">667,976</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">229</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">668,205</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Security Deposits</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">470,400</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">369,689</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">76,136</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">916,225</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Guarantee Fund</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2,595,913</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">138</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">118,747</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">288,890</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">3,003,688</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Sovereign of the Nation</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Collection Rights</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">3,992,592</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">49,910</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,452</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">4,043,954</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Other Collateral (Pledges)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">4,118,947</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">4,713,359</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">48,098</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">20</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">14,158</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">8,894,582</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Without Guarantee (Uncovered Balance)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">61,545,303</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">25,115,475</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2,101,885</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">4,425,508</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">492,740</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">93,680,911</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total loans and financial leases</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">94,600,648</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">31,993,381</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">22,870,685</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">23,198,204</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,156,198</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">173,819,116</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="7" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td colspan="7" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Amount Covered by Collateral</div></div></div></td></tr><tr><td colspan="7" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In Millions of&#160;&#160;COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 28.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Nature of the Collateral</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Commercial</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Consumer</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Mortgage</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;margin-bottom: 0;margin-top: 0;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Financial</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Leasing</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Small Business</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: center;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Real Estate and Residential</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">19,529,154</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,572,455</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">18,959,433</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">273,248</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">40,334,290</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Goods Given in Real Estate Leasing</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">7,725,197</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2,392,075</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">10,117,272</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Goods Given in Leasing Other Than Real Estate</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">5,124,246</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">112,724</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">577,447</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">5,814,417</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Stand by Letters of Credit</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">455,793</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">455,793</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Security Deposits</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">779,008</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">300,730</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">56,588</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,136,326</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Guarantee Fund</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2,583,354</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">147</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">301,045</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">2,884,546</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Sovereign of the Nation</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">12,710</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">12,710</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Collection Rights</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">3,220,882</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">41,597</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,119</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">3,263,598</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Other Collateral (Pledges)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">3,163,456</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">3,887,548</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">32,524</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">31</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">20,227</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">7,103,786</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Without Guarantee (Uncovered Balance)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">46,403,441</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">21,730,913</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">1,520,251</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">19,279,398</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">411,353</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">89,345,356</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: justify;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total loans and financial leases</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">88,997,241</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">27,646,114</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">20,512,208</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">22,248,951</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,063,580</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 8pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">160,468,094</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank closely monitors collateral held for financial assets that are considered in Stage 3, as it becomes more likely that the Bank will take possession of collateral to mitigate potential credit losses.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Financial assets that are considered Stage 3 and related collateral held in order to mitigate potential losses are shown below:</div></div><div style="font-family: &quot;times new roman&quot;, serif;font-size: 10pt;margin-bottom: 0px;margin-top: 0px;text-align: justify;background: none;"><div style="white-space: pre-line; color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 90%;margin-left: auto;margin-right: auto;"><tr><td colspan="5" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td></tr><tr><td colspan="5" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In Millions of COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 40.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Classification</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Amount</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Allowance</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: center;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair Value of Collateral</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;text-indent: 0.13in;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Commercial</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">775,689</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">239,720</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">535,968</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,528,495</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="white-space: pre-line; color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;&#160;&#160;Consumer </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="white-space: pre-line; color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;&#160;&#160;Mortgage</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">139,084</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">21,883</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">117,201</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">173,482</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="white-space: pre-line; color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;&#160;&#160;Small Business Loans</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: 115%; text-align: right; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: justify;"><div style="white-space: pre-line; color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;&#160;&#160;Financial Leases</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">666,495</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">201,981</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">464,514</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">974,274</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total credit assets</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: 'times new roman', 'serif';font-size: 10pt;line-height: 115.0%;text-align: right;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; 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The carrying amount of such financial assets is COP 281,722 as at 31 December 2018.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Foreclosed assets and other credit mitigants</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Assets received in lieu of payment (foreclosed assets) are recognized on the statement of financial position when current possession of the asset takes place.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Foreclosed assets represented by immovable or movable property are received based on a commercial valuation. 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font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">c.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Risk Concentration &#8211; Loans and Advances</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; 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top: 0px;;display:inline;">&#61623;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Loans concentration by category</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.5in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The composition of the credit portfolio in commercial, consumer, mortgage, financial leases and small business loans categories are as follows:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 56.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Composition</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 22.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 22.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Commercial</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">94,600,648</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">88,997,241</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Corporate</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">55,562,618</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">58,661,267</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">SME</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">16,524,571</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">17,184,059</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Others</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">22,513,459</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">13,151,915</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Consumer</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">31,993,381</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">27,646,114</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Credit card</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,026,689</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,255,277</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Vehicle</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,253,060</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,915,705</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Payroll loans</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,451,381</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,970,783</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Others</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">14,262,251</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">11,504,349</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Mortgage</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">22,870,685</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">20,512,208</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">VIS</div><div style="vertical-align: super;font-size: smaller;display:inline;">1</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,778,067</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,491,926</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Non- VIS</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">17,092,618</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">15,020,282</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Financial Leases</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">23,198,204</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">22,248,951</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Small Business Loan</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,156,198</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,063,580</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Loans and advances to customers and financial institutions</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">173,819,116</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">160,468,094</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Allowance for loans and advances and lease losses</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(10,235,831)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(8,223,103)</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total net loan and financial leases</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">163,583,285</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">152,244,991</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 1pt; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 1pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><div style="margin-bottom: 0px; margin-top: 0px;">&#160;</div><div style="margin-top: 3pt; margin-bottom: 3pt; margin-left: 0in;"><div style="border-top: 1pt solid rgb(0, 0, 0); width: 25%; font-size: 2pt;">&#160;</div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">1</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">VIS: Social Interest Homes, corresponds to mortgage loans granted by the financial institutions of amounts less than 135 minimum wages.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: symbol; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#61623;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Concentration of loan by maturity</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.5in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table shows the ranges of maturity for the credit loans and financial leases, according for the remaining term for the completion of the contract:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="6" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 35.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Maturity</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Less Than 1 Year</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Between 1 and 3</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;Years</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Between 3 and 5</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Years</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Greater Than 5</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Years</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td></tr><tr><td colspan="6" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Commercial</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">31,052,548</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">18,846,830</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">16,216,100</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">28,485,170</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">94,600,648</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Corporate</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">16,569,691</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,491,758</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">11,335,723</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">19,165,446</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">55,562,618</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">SME</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,253,678</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,482,139</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,774,471</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,014,283</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">16,524,571</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Others</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9,229,179</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,872,933</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,105,906</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,305,441</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">22,513,459</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Consumer</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">749,322</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">4,562,956</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">12,069,707</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">14,611,396</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">31,993,381</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Credit card</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100,367</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">244,218</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,073,539</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,608,565</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,026,689</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Vehicle</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60,754</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">610,398</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,538,979</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,042,929</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,253,060</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Payroll loans</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">62,657</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">624,660</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,397,974</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,366,090</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,451,381</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Others</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">525,544</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,083,680</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,059,215</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,593,812</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">14,262,251</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Mortgage</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">58,613</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">175,572</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">479,086</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">22,157,414</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">22,870,685</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">VIS</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">11,056</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">51,768</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">117,404</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,597,839</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,778,067</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Non-VIS</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">47,557</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">123,804</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">361,682</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">16,559,575</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">17,092,618</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Financial Leases</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,393,428</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,560,578</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">4,260,513</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">13,983,685</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">23,198,204</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Small business loans</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">256,093</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">477,456</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">220,105</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">202,544</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,156,198</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total gross loans and financial leases</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">34,510,004</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">26,623,392</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">33,245,511</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">79,440,209</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">173,819,116</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="6" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 35.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Maturity</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Less Than 1 Year</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Between 1 and 3</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Years</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Between 3 and 5</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Years</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Greater Than 5</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Years</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td></tr><tr><td colspan="6" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Commercial</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">26,641,770</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">19,583,956</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">13,561,261</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">29,210,254</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">88,997,241</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Corporate</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">17,054,923</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">11,588,101</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,533,725</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">21,484,518</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">58,661,267</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">SME</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,568,251</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,684,612</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,973,761</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,957,435</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">17,184,059</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Others</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,018,596</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,311,243</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,053,775</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,768,301</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">13,151,915</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Consumer</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,393,022</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">4,826,773</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">12,035,699</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">9,390,620</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">27,646,114</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Credit card</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">761,294</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,104,571</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,384,220</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,005,192</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,255,277</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Vehicle</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">67,118</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">718,610</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,499,980</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">629,997</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,915,705</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Payroll loans</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">52,087</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">692,079</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,325,911</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,900,706</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,970,783</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Others</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">512,523</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,311,513</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,825,588</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,854,725</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">11,504,349</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Mortgage</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">50,102</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">148,851</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">389,456</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">19,923,799</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">20,512,208</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">VIS</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,238</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">40,182</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">93,917</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,345,589</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,491,926</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Non-VIS</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">37,864</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">108,669</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">295,539</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">14,578,210</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">15,020,282</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Financial Leases</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,101,344</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,698,394</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,546,370</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">12,902,843</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">22,248,951</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Small business loans</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">232,596</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">479,646</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">182,893</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">168,445</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,063,580</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total gross loans and financial leases</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">31,418,834</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">27,737,620</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">29,715,679</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">71,595,961</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">160,468,094</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: symbol; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#61623;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Concentration by past due days </div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;">The following table shows the loans and financial leases according to past due days. A loans or financial leases is considered past due if it is more than one month overdue (i.e. 31 days):</div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="7" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td></tr><tr><td colspan="7" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Past-due</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 28.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Period</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">0 - 30 Days</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">31 - 90 Days</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">91 - 120 Days</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">121 - 360 Days</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">More Than 360</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Days</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td colspan="6" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Commercial</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">90,804,138</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">452,890</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">152,877</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,387,364</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,803,379</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">94,600,648</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Consumer</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">30,311,854</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">701,314</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">238,540</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">638,868</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">102,805</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">31,993,381</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Mortgage</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">21,121,205</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">612,480</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">148,786</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">388,653</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">599,561</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">22,870,685</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Financial Leases</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">22,433,190</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">209,840</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">54,029</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">245,974</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">255,171</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">23,198,204</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Small Business Loan</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,008,378</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">48,849</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">16,202</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60,103</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">22,666</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,156,198</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">165,678,765</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,025,373</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">610,434</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,720,962</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,783,582</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">173,819,116</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="7" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td colspan="7" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Past-due</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 28.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Period</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">0 - 30 Days</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">31 - 90 Days</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">91 - 120 Days</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">121 - 360 Days</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">More Than 360</div></div><br/><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Days</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td colspan="6" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Commercial</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">85,747,936</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">570,412</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">130,613</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,573,899</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">974,381</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">88,997,241</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Consumer</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">25,942,380</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">764,098</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">236,509</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">584,789</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">118,338</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">27,646,114</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Mortgage</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">18,751,121</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">752,336</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">140,188</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">396,227</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">472,336</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">20,512,208</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Financial Leases</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">21,480,161</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">215,685</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">61,700</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">238,030</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">253,375</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">22,248,951</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Small Business Loan</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">916,298</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">39,178</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,753</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">70,977</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">24,374</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,063,580</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">152,837,896</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,341,709</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">581,763</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,863,922</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,842,804</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">160,468,094</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: symbol; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#61623;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Concentration of loans by economic sector</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.19in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;">The following table contains the detail of the credit portfolio of loans and financial leases by main economic activity of the borrower:</div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="5" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td></tr><tr><td colspan="2" rowspan="2" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Economic sector</div></div></div></td><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Loans and advances</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Local</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Foreign </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td colspan="2" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Agriculture</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,804,075</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,548,078</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,352,153</div></div></td></tr><tr><td colspan="2" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Petroleum and Mining Products</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,082,816</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">181,789</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,264,605</div></div></td></tr><tr><td colspan="2" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Food, Beverages and Tobacco</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,865,111</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">320,596</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,185,707</div></div></td></tr><tr><td colspan="2" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Chemical Production</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,566,746</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,561</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,579,307</div></div></td></tr><tr><td colspan="2" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Government</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,457,944</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">79,133</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,537,077</div></div></td></tr><tr><td colspan="2" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Construction</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">14,508,354</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,513,212</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">20,021,566</div></div></td></tr><tr><td colspan="2" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Commerce and Tourism</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">16,928,137</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,641,117</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">24,569,254</div></div></td></tr><tr><td colspan="2" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Transport and Communications</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,331,727</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">865,257</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9,196,984</div></div></td></tr><tr><td colspan="2" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Public Services</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,007,483</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">966,764</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,974,247</div></div></td></tr><tr><td colspan="2" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Consumer Services</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">35,886,645</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">20,813,390</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">56,700,035</div></div></td></tr><tr><td colspan="2" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Commercial Services</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">17,041,170</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,540,572</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">22,581,742</div></div></td></tr><tr><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Other Industries and Manufactured Products</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,978,092</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,878,347</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">11,856,439</div></div></td></tr><tr><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">123,458,300</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">50,360,816</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">173,819,116</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;width: 54.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;width: 1.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div>&#160;</div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;/* margin-left: auto; */margin-right: auto;"><tr><td colspan="5" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td colspan="2" rowspan="2" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Economic sector</div></div></div></td><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Loans and advances</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Local</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Foreign </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;;width:;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td colspan="2" style="border-bottom: none; border-left: 1pt solid rgb(0, 0, 0); border-right: none; border-top: none; padding: 0px 5.4pt; vertical-align: middle; width: 55%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Agriculture</div></div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 5.4pt; vertical-align: middle; width: 15%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,533,671</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 5.4pt; vertical-align: middle; width: 15%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,171,525</div></div></td><td style="border-bottom: none; border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 5.4pt; vertical-align: middle; width: 15%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,705,196</div></div></td></tr><tr><td colspan="2" style="border-bottom: none; border-left: 1pt solid rgb(0, 0, 0); border-right: none; border-top: none; padding: 0px 5.4pt; vertical-align: middle; width: 55%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Petroleum and Mining Products</div></div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 5.4pt; vertical-align: middle; width: 15%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">909,127</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 5.4pt; vertical-align: middle; width: 15%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">65,991</div></div></td><td style="border-bottom: none; border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 5.4pt; vertical-align: middle; width: 15%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">975,118</div></div></td></tr><tr><td colspan="2" style="border-bottom: none; border-left: 1pt solid rgb(0, 0, 0); border-right: none; border-top: none; padding: 0px 5.4pt; vertical-align: middle; width: 55%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Food, Beverages and Tobacco</div></div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 5.4pt; vertical-align: middle; width: 15%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,640,910</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 5.4pt; vertical-align: middle; width: 15%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">808,493</div></div></td><td style="border-bottom: none; border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 5.4pt; vertical-align: middle; width: 15%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,449,403</div></div></td></tr><tr><td colspan="2" style="border-bottom: none; border-left: 1pt solid rgb(0, 0, 0); border-right: none; border-top: none; padding: 0px 5.4pt; vertical-align: middle; width: 55%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Chemical Production</div></div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 5.4pt; vertical-align: middle; width: 15%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,341,248</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 5.4pt; vertical-align: middle; width: 15%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">172,763</div></div></td><td style="border-bottom: none; border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 5.4pt; vertical-align: middle; width: 15%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,514,011</div></div></td></tr><tr><td colspan="2" style="border-bottom: none; border-left: 1pt solid rgb(0, 0, 0); border-right: none; border-top: none; padding: 0px 5.4pt; vertical-align: middle; width: 55%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Government</div></div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 5.4pt; vertical-align: middle; width: 15%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,780,686</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 5.4pt; vertical-align: middle; width: 15%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">151,879</div></div></td><td style="border-bottom: none; border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 5.4pt; vertical-align: middle; width: 15%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,932,565</div></div></td></tr><tr><td colspan="2" style="border-bottom: none; border-left: 1pt solid rgb(0, 0, 0); border-right: none; border-top: none; padding: 0px 5.4pt; vertical-align: middle; width: 55%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Construction</div></div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 5.4pt; vertical-align: middle; width: 15%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">15,464,605</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 5.4pt; vertical-align: middle; width: 15%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,164,321</div></div></td><td style="border-bottom: none; border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 5.4pt; vertical-align: middle; width: 15%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">20,628,926</div></div></td></tr><tr><td colspan="2" style="border-bottom: none; border-left: 1pt solid rgb(0, 0, 0); border-right: none; border-top: none; padding: 0px 5.4pt; vertical-align: middle; width: 55%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Commerce and Tourism</div></div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 5.4pt; vertical-align: middle; width: 15%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">17,115,018</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 5.4pt; vertical-align: middle; width: 15%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,520,546</div></div></td><td style="border-bottom: none; border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 5.4pt; vertical-align: middle; width: 15%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">23,635,564</div></div></td></tr><tr><td colspan="2" style="border-bottom: none; border-left: 1pt solid rgb(0, 0, 0); border-right: none; border-top: none; padding: 0px 5.4pt; vertical-align: middle; width: 55%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Transport and Communications</div></div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 5.4pt; vertical-align: middle; width: 15%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,307,712</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 5.4pt; vertical-align: middle; width: 15%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">602,962</div></div></td><td style="border-bottom: none; border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 5.4pt; vertical-align: middle; width: 15%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,910,674</div></div></td></tr><tr><td colspan="2" style="border-bottom: none; border-left: 1pt solid rgb(0, 0, 0); border-right: none; border-top: none; padding: 0px 5.4pt; vertical-align: middle; width: 55%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Public Services</div></div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 5.4pt; vertical-align: middle; width: 15%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,180,634</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 5.4pt; vertical-align: middle; width: 15%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,472,215</div></div></td><td style="border-bottom: none; border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 5.4pt; vertical-align: middle; width: 15%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,652,849</div></div></td></tr><tr><td colspan="2" style="border-bottom: none; border-left: 1pt solid rgb(0, 0, 0); border-right: none; border-top: none; padding: 0px 5.4pt; vertical-align: middle; width: 55%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Consumer Services</div></div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 5.4pt; vertical-align: middle; width: 15%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">31,367,376</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 5.4pt; vertical-align: middle; width: 15%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">16,719,168</div></div></td><td style="border-bottom: none; border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 5.4pt; vertical-align: middle; width: 15%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">48,086,544</div></div></td></tr><tr><td colspan="2" style="border-bottom: none; border-left: 1pt solid rgb(0, 0, 0); border-right: none; border-top: none; padding: 0px 5.4pt; vertical-align: middle; width: 55%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Commercial Services</div></div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 5.4pt; vertical-align: middle; width: 15%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">16,248,665</div></div></td><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px 5.4pt; vertical-align: middle; width: 15%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,993,836</div></div></td><td style="border-bottom: none; border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 5.4pt; vertical-align: middle; width: 15%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">20,242,501</div></div></td></tr><tr><td colspan="2" style="border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); border-right: none; border-top: none; padding: 0px 5.4pt; vertical-align: middle; width: 55%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Other Industries and Manufactured Products</div></div></div></td><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-left: none; border-right: none; border-top: none; padding: 0px 5.4pt; vertical-align: middle; width: 15%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,367,961</div></div></td><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-left: none; border-right: none; border-top: none; padding: 0px 5.4pt; vertical-align: middle; width: 15%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,366,782</div></div></td><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 5.4pt; vertical-align: middle; width: 15%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,734,743</div></div></td></tr><tr><td colspan="2" style="border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); border-right: none; border-top: none; padding: 0px 5.4pt; vertical-align: middle; width: 55%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-left: none; border-right: none; border-top: none; padding: 0px 5.4pt; vertical-align: middle; width: 15%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">117,257,613</div></div></div></td><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-left: none; border-right: none; border-top: none; padding: 0px 5.4pt; vertical-align: middle; width: 15%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">43,210,481</div></div></div></td><td style="border-bottom: 1pt solid rgb(0, 0, 0); border-left: none; border-right: 1pt solid rgb(0, 0, 0); border-top: none; padding: 0px 5.4pt; vertical-align: middle; width: 15%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">160,468,094</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div> <div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: symbol; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#61623;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Credit concentration by country</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; text-indent: -0.25in; background: none;"><div style="white-space: pre-line; color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;">The following table shows the concentration of the loans and financial leases by country. Loans are presented based on the country in which they were originated:</div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="5" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 40.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Country</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Loans and advances</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">% Participation</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Allowance for loans and</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">advances and lease losses</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">% Participation</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Colombia&#160;</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">119,674,770</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">68.85%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,402,751</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">82.09%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Panama</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">32,299,274</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">18.58%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">910,268</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8.89%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">El Salvador</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,590,571</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6.09%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">465,122</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.54%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Puerto Rico</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">889,528</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.51%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">29,041</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.29%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Guatemala </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,352,272</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.96%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">427,747</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.18%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Other countries</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,701</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.01%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">902</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.01%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">173,819,116</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">100.0%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">10,235,831</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">100.0%</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="5" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 40.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Country</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Loans and advances</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">% Participation</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Allowance for loans and</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">advances and lease losses</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">% Participation</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Colombia</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">112,862,226</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">70.30%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,164,085</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">87.10%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Panama</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">28,722,853</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">17.90%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">507,181</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6.20%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">El Salvador</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9,120,415</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.70%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">358,258</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.40%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Puerto Rico</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">847,767</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.50%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">14,941</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.20%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Guatemala </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,902,627</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.50%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">177,895</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.10%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Other countries</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,206</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.10%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">743</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">160,468,094</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">100.00%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">8,223,103</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">100.00%</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; text-indent: -0.25in; background: none;"><div style="white-space: pre-line; color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: symbol; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#61623;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Credit concentration by economic group</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; text-indent: -0.25in; background: none;"><div style="white-space: pre-line; color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">As of December 31, 2018 and 2017, concentration of the 20 largest economic groups amounted to COP 20,372 billion and COP 19,223 billion, respectively. This exposure corresponds to all credit active operations of these groups.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">d.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Credit quality &#8211; Loans and Advances</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table shows information about credit quality of the borrower:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 85%;margin-left: auto;margin-right: auto;"><tr><td colspan="6" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31 2018</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 35.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Risk Category</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Stage 1</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Stage 2</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Stage 3</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Simplified methodology</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td colspan="5" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">A- Normal Risk </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">135,000,193</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,058,010</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">105,793</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">137,163,996</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">B- Acceptable Risk </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">16,752,640</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,472,886</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">19,225,526</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">C- Appreciable Risk </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,141,266</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,059,084</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,200,350</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">D- Significant Risk</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,032</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,032</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">E- Unrecoverable Risk</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,250</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,212,962</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,225,212</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">153,894,099</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">7,606,262</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">12,212,962</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">105,793</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">173,819,116</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="6" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31 2017</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 25.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Risk Category</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Current loans</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">without</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">impairment</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Past due loans</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">without</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">impairment</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Current loans that</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">are impaired</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Past due and</div></div><br/><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">impaired loans</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td colspan="5" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">A- Normal Risk </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">139,543,463</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">224,259</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">783,333</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,108</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">140,558,163</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">B- Acceptable Risk </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,986,958</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,265,787</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,848,716</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">88,508</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9,189,969</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">C- Appreciable Risk </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9,770</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">715</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,932,948</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">901,271</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,844,704</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">D- Significant Risk</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,167,928</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,289,030</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,456,958</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">E- Unrecoverable Risk</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">52</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">564,728</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,853,520</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,418,300</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">145,540,243</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,490,761</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">7,297,653</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">6,139,437</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">160,468,094</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">*</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Information on this table about NIC39..</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">In order to determine the expected credit loss, the Bank considers the economic conditions and performance of the borrower&#8217;s industry, the analysis of payments behavior&#160;and&#160;events that could negatively affect the borrower&#8217;s ability to pay, among others factors.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The expected credit loss is determined either by a collective or individual evaluation according to the amount and characteristics of the loan. For further details please see Note 2 Significant Accounting Policies, section 7.4.5 Impairment of financial assets at amortized cost or at fair value through other comprehensive income &#8220;FVOCI&#8221;.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Impairment loan portfolio analyzed by individual evaluation at COP 5.8 billion, which represented 3.32% of the total portfolio of the Bank.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The table below shows Stage 3 loans and advances according to their type of evaluation:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 80%;margin-left: auto;margin-right: auto;"><tr><td colspan="5" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31 2018</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Impairment</div></div></div></td><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Individual Evaluation</div></div></div></td><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Collective Evaluation</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 40.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Carrying Amount</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">ECL</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Carrying Amount</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">ECL</div></div></div></td></tr><tr><td colspan="5" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Commercial</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,970,415</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,583,874</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,782,603</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,904,866</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Consumer</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,568,758</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,383,265</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Mortgage</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,077,206</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">586,026</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Financial Leases</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">795,862</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">339,418</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">901,216</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">367,072</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Small Business Loan</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">116,902</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">79,981</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5,766,277</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,923,292</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">6,446,685</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">4,321,210</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.75in; margin-top: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">&#160;</div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">See provisions for loan losses&#160;for financial leases of the period in Note 6.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="5" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Impairment</div></div></div></td><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Individual Evaluation</div></div></div></td><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Collective Evaluation</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 40.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Carrying Amount</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Allowance</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Carrying Amount</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Allowance</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td colspan="4" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Commercial</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,544,324</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,059,356</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,546,504</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,782,385</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Consumer</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,839</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,839</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,337,640</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,403,499</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Mortgage</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,115,785</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">489,414</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Financial Leases</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">641,228</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">298,947</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,105,208</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">202,940</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Small Business Loan</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">135,562</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">99,798</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5,196,391</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2,369,142</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">8,240,699</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3,978,036</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">&#160;</div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">See provisions for loan losses&#160;for financial leases of the period in Note 6.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Sensitivity Analysis</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Among the relevant assumptions that affect the allocation of the expected loss (ECL) in the loan portfolio and financial leasing, are the following variables that have the greatest impact on each of the countries:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Colombia and Guatemala:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.5in; margin-top: 0px; text-align: justify; text-indent: -0.25in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; 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font-size: 10pt; text-align: center; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">[+1%]</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; 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margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Without changes</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; 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margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">[-1%]</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; 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margin-top: 0pt; margin-bottom: 0pt; color: rgb(0, 112, 192); border-collapse: collapse; border-spacing: 0px; table-layout: fixed;;width:100%;"><tr style="vertical-align:top"><td style="width: 0px; padding: 0px;"></td><td style="width: 0.25in; padding-left: 0px; padding-top: 0px; padding-bottom: 0px;"><div style="font-weight:bold;display:inline;">f.</div></td><td style="text-align: justify; padding-left: 0px; padding-top: 0px; padding-bottom: 0px;"><div style="font-weight:bold;display:inline;">Credit Quality Analysis - Other Financial Instruments:</div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px; background: none;"></div><div style="color: rgb(0, 0, 0); font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; text-align: justify; background: none;">&#160;</div><div style="color:#000000; font:10pt 'times new roman', times, serif; letter-spacing:normal; orphans:2; text-indent:0px; text-transform:none; white-space:normal; widows:2; word-spacing:0px; -webkit-text-stroke-width:0px; text-decoration-style:initial; text-decoration-color:initial; margin:0pt 0px; text-align:justify">In order to evaluate the credit quality of a counterparty or issuer (to determine a risk level or profile), the Bank relies on two rating systems: an external one and an internal one, both of which allow the Bank to identify a degree of risk differentiated by segment and country and to apply the policies that have been established for issuers or counterparties with different levels of risk, in order to limit the impact on liquidity and/or the income statement of the Bank.</div></div><div style="font-family: &quot;times new roman&quot;, serif; 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text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Derivatives</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(1)</div></div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td></tr><tr><td colspan="7" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Maximum Exposure to Credit Risk</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 28.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Low Risk</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,994,432</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,475,888</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">349,425</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">780,870</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">867,639</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">349,375</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Medium Risk</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,639,484</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,842,454</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,749</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">135</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">181</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">High Risk</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">412,834</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">336,054</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6496</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,939</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">429</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,679</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Without Rating</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">698,781</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">205,027</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,282,278</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">728,504</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">25,798</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">106,705</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">15,745,531</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">14,859,423</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,639,948</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,520,313</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">894,001</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">457,940</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-align: justify; text-indent: -0.13in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">&#160;</div></div></div><table style="border: none;border-collapse: collapse;margin-bottom: 0.001pt;width: 100%;table-layout: fixed;/* margin-left: auto; */margin-right: auto;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">(1)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">For derivatives transactions counterparty risk is disclosed as long as the valuation is positive. Therefore, the value described here differs from the book value.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">In accordance with the criteria and considerations specified in the internal rating allocation and external credit rating systems methodologies, the following schemes of relation can be established, according to credit quality given to each one of the qualification scales:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Low Risk</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">:</div></div><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> All investment grade positions (from AAA to BBB-), as well as those issuers that according to the information available (financial statements, relevant information, external ratings, CDS, among others.) reflect adequate credit quality.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Medium Risk</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">:</div></div><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> All speculative grade positions (from BB+ to BB-), as well as those issuers that according to the available information (Financial statements, relevant information, external qualifications, CDS, among others) reflect weaknesses that could affect their financial situation in the medium term.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">High Risk:</div></div><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> All positions of speculative grade (from B+ to D), as well as those issuers that according to the information available (Financial statements, relevant information, external qualifications, CDS, among others) reflect a high probability of default of financial obligations or that already have failed to fulfill them.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: symbol; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#61623;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, times, serif; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;;font-weight:bold;display:inline;">Financial credit quality of other financial instruments that are not past due or impaired in value</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Debt instruments</div></div><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">: </div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100% of the debt instruments are not in default.</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="white-space: pre-line; color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Equity: </div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The positions do not represent significant risks.</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="white-space: pre-line; color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Derivatives: </div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">99.80% of the credit exposure does not present incidences of material default. The remaining percentage corresponds to default events at the end of the period.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><table style="border: none;border-collapse: collapse;margin-bottom: 0.001pt;width: 100%;table-layout: fixed;/* margin-left: auto; */margin-right: auto;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: symbol; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#61623;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Maximum exposure level to the credit risk given for:</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Maximum Exposure</div></div></div></td><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Collateral *</div></div></div></td><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net Exposure</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 28.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td></tr><tr><td colspan="7" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Maximum Exposure to Credit Risk</div></div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Debt instruments</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">15,745,530</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">14,859,423</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,352,276)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,741,345)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">13,393,254</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,118,078</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Derivatives **</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">894,001</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">457,940</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(97)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(125,902)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">893,905</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">332,038</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Equity</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,639,949</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,520,313</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,639,949</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,520,313</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">18,279,480</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">16,837,676</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(2,352,373)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(2,867,247)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">15,927,108</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">13,970,429</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">See Notes on this table:</div></div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 0.3pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">*</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Collateral Held (-) and Collateral Pledged (+)</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 0.3pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">**</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Exposure in Derivatives with base in MTM (only positive values), netting by counterparty is applied</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 1pt; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 7.2pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">*</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Debt instruments Book value 100%</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 1pt; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 7.2pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">*</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Equity Instruments:</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 1pt; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Shares:100%</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 1pt; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Investment funds: Book value 100%</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div> <div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: symbol; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#61623;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Analysis of the maturity of other financial instruments past due but not impaired</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.5in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#8722;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Debt instruments:</div></div><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> Portfolio does not present past due nor impaired assets.</div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#8722;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Equity</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">:</div></div><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> Portfolio does not present impaired assets</div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#8722;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Derivatives:</div></div><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> The past due assets are not material.</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: symbol; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#61623;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">The information corresponding to the individual evaluation of impairment at the end of the period for other financial instruments, is detailed as follows:</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; text-indent: -0.25in; background: none;"><div style="white-space: pre-line; color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Debt instruments</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Exposure</div></div></div></td><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Impairment</div></div></div></td><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Final Exposure</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 28.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td></tr><tr><td colspan="7" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Maximum Exposure to Credit Risk</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Fair Value</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,251,872</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,701,855</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,053</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,248,819</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,701,855</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Amortized Cost</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,493,657</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,158,766</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">11,730</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,198</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,481,928</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,157,568</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">15,745,529</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">14,860,621</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">14,783</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,198</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">15,730,747</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">14,859,423</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Equity</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Exposure</div></div></div></td><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Impairment</div></div></div></td><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Final Exposure</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 28.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 12.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td></tr><tr><td colspan="7" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Maximum Exposure to Credit Risk</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Fair Value through profit or loss</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,101,461</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">990,788</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,101,461</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">990,788</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Fair Value through OCI</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">538,487</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">529,525</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">538,487</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">529,525</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,639,948</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,520,313</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">-</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,639,948</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; 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font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Collateral- other financial instruments:</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Level of collateral:</div></div><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> Respect to the type of asset or operation, a collateral level is determined according to the policies defined for each product and the market where the operation is carried out.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assets held as collateral in organized markets:</div></div><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> The only assets that can be received as collateral are those defined by the central counterparties, the stock market where the operation is negotiated, those assets that are settled separately in different contracts or documents, which can be managed by each organization and must comply with the investment policies defined by the Bank, taking into account the credit limit for each type of asset or operation received or delivered, which collateral received are the best credit quality and liquidity.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; 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font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Collateral*</div></div></div></td><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Main type of collateral</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 40.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 10.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 10.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td></tr><tr><td colspan="5" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Maximum Exposure to Credit Risk</div></div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Debt instruments</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,352,276)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(2,741,345)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Government bonds (TES) and term deposits</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Government Bonds (TES)</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Derivatives </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(97)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(125,902)</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Cash</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Cash</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Equity</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(2,352,373)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(2,867,247)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-align: justify; text-indent: -0.13in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-left: 0.13in; text-align: justify; text-indent: -0.13in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">See Notes on this table:</div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0%;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 7.2pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">*</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Collateral Held (-) and Collateral Pledged (+)</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-align: justify; text-indent: -0.13in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">g.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Credit risk concentration - other financial instruments:</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">According to the regulations, the Bank must control on a daily basis the risk of positions of the Bank&#8217;s companies with the same issuer or counterparty stands, below the legal limits.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">By the same way, the positions of the Bank are verified respect of the authorized risk levels in each country in order to guarantee the alerts and positions limits, that are considered outside of the Bank risk appetite.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Risk exposure by economic sector and risk region</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Debt instruments</div></div></div></td><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; 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font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td></tr><tr><td colspan="2" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Maximum Exposure to Credit Risk</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Sector Concentration</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 0;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Corporate</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,179,751</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,020,087</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,064,268</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,340,844</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">276,721</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">95,138</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 0;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Financial</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">805,863</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,054,303</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">543,256</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">91,904</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">520,026</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">317,232</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 0;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Government</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">11,757,757</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10,785,033</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 0;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Funds and&#160;ETF</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2159</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">32,425</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">87,565</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">97,254</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">45,570</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">15,745,530</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">14,859,423</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,639,949</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,520,313</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">894,001</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">457,940</div></div></div></td></tr><tr><td colspan="7" style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Concentration by Region</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 0;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">North America</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,569,943</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">710,592</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,472</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,658</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">279,132</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">130,303</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 0;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Latam</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">14,175,587</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,643,832</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,613,783</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,494,750</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">475,243</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">294,237</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 0;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Europe</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">119,126</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">33,400</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 18.0pt;padding-right: 0;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Others (Includes Funds and ETF)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,504,999</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">24,694</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">16,905</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">20,501</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">15,745,530</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">14,859,423</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,639,949</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,520,313</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">894,002</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">457,940</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 1pt; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 1pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;">&#160;</div><div style="margin-top: 3pt; margin-bottom: 3pt; margin-left: 0in;"><div style="border-top: 1pt solid rgb(0, 0, 0); width: 25%; font-size: 2pt;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">1</div> </div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">GMRA: It is a model legal agreement designed for parties transacting repos and is published by the&#160;International Capital Market Association (ICMA), which is the body representing the&#160;bond and repo markets in Europe.</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;">2 </div><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">For derivatives transactions counterparty risk is disclosed as long as the valuation is positive. Therefore, the value described here differs from the book value.</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Risk exposure by credit rating</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: right; background: none;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 60%;margin-left: auto;margin-right: auto;"><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td colspan="2" style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Other financial instruments</div></div></div></td></tr><tr><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 70.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td></tr><tr><td colspan="3" style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Maximum Exposure to Credit Risk</div></div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Sovereign Risk</div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,879,344</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,939,944</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">AAA</div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,304,103</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,901,870</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">AA+</div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">398,479</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">190,464</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">AA</div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">22,615</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">91,636</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">AA-</div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">180,757</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60,422</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">A+</div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">23,800</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">96,822</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">A</div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">328,597</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">86,607</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">A-</div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">163,235</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">580,138</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">BBB+</div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">73,101</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">236,613</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">BBB</div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,133,247</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,129,321</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">BBB-</div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">704,216</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">292,296</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Otros</div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,061,126</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,191,307</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Not rated</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,006,858</div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,040,235</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">18,279,478</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">16,837,675</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">At the end of the year, the&#160;Bank&#8217;s positions are not in excess of the concentration limit, according to the applicable laws.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">31.2</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Market risk</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Market risk refers to the risk of losses in the Bank&#8217;s treasury book due to changes in equity prices, interest rates, foreign-exchange rates and other indicators whose values are set in a public market. It also refers to the probability of unexpected changes in net interest income and equity economic value as a result of a change in market interest rates.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Market risk stems from the following activities at the Bank:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">a)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Trading:</div></div><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> includes purchase - sale and positioning mainly in fixed income securities, equities, currencies and derivatives, as well as the financial services provided to customers, such as brokerage. Trading instruments are recorded in the treasury book and are managed by the Treasury Division which is also responsible for the aggregated management of exchange rate exposures arising from the banking book and treasury book.</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">b)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Balance sheet management: </div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">refers to the assets and liabilities management, due to mismatches in maturities and repricing of them. The Assets Liability Management Division is responsible for the balance sheet management, preserving the stability of the financial margin and the equity economic value, maintaining adequate levels of liquidity and solvency. Non-trading instruments are recorded in the Bank&#8217;s banking book (the &#8220;Banking Book&#8221;), which includes primarily loans, time deposits, checking accounts and savings accounts.</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">In the Bank, the market risks are identified, measured, monitored, controlled and reported in order to support the decision-taking process for their mitigation, and to create greater shareholder value added.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The guidelines, policies and methodologies for market risks management are approved by the Board of Directors, thus guaranteeing the congruence and consistency in the risk appetite among subsidiaries. Each country has a local Market and Liquidity Risk Management Office that applies at an individual level the principles of the Bank&#180;s Market Risks Management Strategy. The Board of Directors and senior management have formalized the policies, procedures, strategies and rules of action for market risk administration in its &#8220;Market Risk Manual&#8221;. This manual defines the roles and responsibilities within each subdivision of the Bank and their interaction to ensure adequate market risk administration.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank&#180;s Market and Liquidity Risks Management Office, responsible for monitoring and permanently controlling compliance with the limits established, is set up with clear independence from the trading and businesses units, ensuring enforcement authority. This independent control function is complemented by regular reviews conducted by the Internal Audit.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank&#8217;s Market and Liquidity Risks Management Office is responsible for: (a) identifying, measuring, monitoring, and controlling the market risk inherent in the Bank&#8217;s businesses: (b) the Bank&#8217;s exposure under stress scenarios and confirming compliance with the Bank&#8217;s risk management policies: (c) designing the methodologies for valuation of the market value of certain securities and financial instruments: (d) reporting to senior management and the Board of Directors any violation of the Bank&#8217;s risk management policies: (e) reporting to the senior management on a daily basis the levels of market risk associated with the trading instruments recorded in its treasury book, and (f) proposing policies to the Board of Directors and to senior management that ensure the maintenance of predetermined risk levels. The Bank has also implemented an approval process for new products across each of its subdivisions. This process is designed to ensure that each subdivision is prepared to incorporate the new product into its procedures, that every risk is considered before the product is incorporated and that approval is obtained from the Board of Directors before the new product can be sold.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Market risks arising from trading instruments are measured at the Bank using two different Value at Risk (VaR) methodologies: the standard methodology required by the SFC, and the internal methodology of historical simulation. The standard methodology is established by &#8220;Chapter XXI of the Basic Accounting Circular&#8221;, based on the model recommended by the Amendment to the Capital Accord to Incorporate Market Risks of Basel Committee of 2005. The internal methodology of historical simulation uses a confidence level of 99%, a holding period of 10 days, and a time frame of one year or at least 250 days from the reference date of the VaR calculation is used, obtained from the reference date of calculating the VaR. The standard methodology is used to report the market risk exposure to the Financial Superintendency and is also used to measure the capital requirements for the Bank, therefore the analysis below is based on information obtain from this model.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank&#8217;s VaR limits structure for trading activities, is sufficiently granular to conduct an effective control of the various types of market risk factors on which an exposure is held. It ensures that the market risk is not concentrated in certain asset classes and maximizes the portfolio diversification effect. These limits are defined by companies, products or by risk takers. The majority of the limits are based on the maximum VaR values to which a certain portfolio can be exposed, nevertheless, loss triggers, stop loss and sensitivity warning levels are also set, especially in the derivatives portfolios. The limits are approved by the Board of Directors, and set based on factors such as tolerance for losses, capital resources and market&#180;s complexity and volatility. They are monitored daily, and their excesses or violations are reported to the Board of Directors and the Risk Committee.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Additional measurements like stress tests are done, to identify extreme unusual situations that could cause severe losses. Stress simulations include historical events and hypothetical scenarios. Back testing or model validation technics through comparison of predicted and actual loss level are applied on a regular basis to analyse and contrast the accuracy of the VaR calculation methodology in order to confirm its reliability, and make adjustments to the models if necessary.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Within the control and monitoring processes of market risks, reports are elaborated on a daily and monthly basis. They include an analysis of the most relevant risk measures and allow for monitoring the exposure levels to market risks and to the legal and internal limits established for each one of the levels of the Bank. These reports are taken as an input for the decision-taking process in the different Committees and management of the Bank.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Market Risk Management</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following section describes the market risks to which the Bank is exposed and the tools and methodologies used to measure these risks as of December 31, 2018. The Bank faces market risk as a consequence of its lending, trading and investments businesses.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;">The Bank uses VaR calculation to limit its exposure to the market risk of its Treasury Book. The&#160;Board of Directors is responsible for establishing the maximum VaR&#160;based on its assessment of the appropriate level of risk for Bancolombia.&#160;The Risks Committee is responsible for establishing the maximum VaR by&#160;type of investment (e.g., fixed income in public debt) and by type of risk (e.g., currency risk). These limits are supervised on a daily basis by the Market Risk Management Office.</div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">For managing the interest rate risk from banking activities, the Bank analyses the interest rate mismatches between its interest earning assets and its interest bearing liabilities. In addition, the foreign currency exchange rate exposures arising from the banking book are provided to the Treasury Division where these positions are aggregated and managed.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><table style="border: none;border-collapse: collapse;margin-bottom: 0.001pt;width: 100%;table-layout: fixed;/* margin-left: auto; */margin-right: auto;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 21.3pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">a.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Measurement of market risk of trading instruments</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.5in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank currently measures the treasury book exposure to market risk (including OTC derivatives positions) as well as the currency risk exposure of the banking book, which is provided to the Treasury Division, using a VaR methodology established in accordance with &#8220;Chapter XXI of the Basic Accounting Circular&#8221;, issued by the SFC.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The VaR methodology established by &#8220;Chapter XXI of the Basic Accounting Circular&#8221; is based on the model recommended by the Amendment to the Capital Accord to Incorporate Market Risks of Basel Committee of 2005, which focuses on the treasury book and excludes investments classified as amortized cost which are not being given as collateral and any other investment that comprises the banking book, such as non-trading positions. In addition, the methodology aggregates all risks by the use of correlations, through an allocation system based on defined zones and bands, affected by given sensitivity factors.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The total market risk for the Bank is calculated by the arithmetical aggregation of the VaR calculated for each subsidiary. The aggregated VaR is reflected in the Bank&#8217;s Capital Adequacy (Solvency) ratio, in accordance with Decree 1771 of 2012.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">For purposes of VaR calculations, a risk exposure category is any market variable that is able to influence potential changes in the portfolio value. Taking into account a given risk exposure, the VaR model assesses the maximum loss not exceeded, over a given period of time. The fluctuations in the portfolio&#8217;s VaR depend on volatility, modified duration and positions changes relating to the different instruments that are subject to market risk.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The relevant risk exposure categories for which VaR is computed by the Bank according to &#8220;Chapter XXI, Appendix 1 of the Basic Accounting Circular&#8221; are: (i) interest rate risks relating to local currency, foreign currency and UVR; (ii) currency risk; (iii) stock price risk; and (iv) fund risk.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><table style="border: none;border-collapse: collapse;margin-bottom: 0.001pt;width: 100%;table-layout: fixed;margin-right: auto;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: symbol; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#61623;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Interest Rate Risk (Treasury Book)</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.74in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The interest rate risk is the probability of decrease in the market value of the position due to fluctuations in market interest rates. The Bank calculates the interest rate risk for positions in local currency, foreign currency and UVR separately; in accordance with Chapter XXI of the Basic Accounting Circular issued by the SFC.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">In the first instance, the interest rate risk exposure is determined by the sensitivity calculation for the net position of each instrument. This sensitivity is calculated as the net value market product, its corresponding modified duration and the estimated variation of interest rates. The possible variations in the interest rates are established by the SFC according to the historical behavior of these variables in the markets, and they are a function of the duration and currency, as seen in the following table.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;/* margin-left: auto; */margin-right: auto;"><tr><td rowspan="2" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; text-indent: 0.44in; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Zone</div></div></div></td><td rowspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Band</div></div></div></td><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Modified Duration</div></div></div></td><td colspan="3" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Changes in Interest Rates (bps)</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Lower Limit</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Upper Limit</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Legal Currency</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">UVR</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Foreign Currency</div></div></div></td></tr><tr><td rowspan="4" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 22.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Zone 1</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.08</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">274</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">274</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100</div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.08</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.25</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">268</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">274</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100</div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.25</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.5</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">259</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">274</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0.5</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">233</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">274</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">100</div></div></td></tr><tr><td rowspan="3" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Zone 2</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.9</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">222</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">250</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">90</div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1.9</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.8</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">222</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">250</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">80</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2.8</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.6</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">211</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">220</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">75</div></div></td></tr><tr><td rowspan="8" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Zone 3</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.6</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.3</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">211</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">220</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">75</div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.3</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.7</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">172</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">200</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">70</div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5.7</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.3</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">162</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">170</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">65</div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">11</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7.3</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9.3</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">162</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">170</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60</div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9.3</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10.6</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">162</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">170</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60</div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">13</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10.6</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">162</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">170</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60</div></div></td></tr><tr><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">14</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">20</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">162</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">170</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">15</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">20</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">162</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">170</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">60</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div> <div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Once the sensitivity factor is calculated for each position, the modified duration is then used to classify each position within its corresponding band. A net sensitivity is then calculated for each band, by determining the difference between the sum of all long-positions and the sum of all short-positions. Then a net position is calculated for each zone (which consists of a series of bands) determined by the SFC. The final step is to make adjustments within each band, across bands and within each zone, which results in a final number that is the interest rate risk VaR by currency. Each adjustment is performed following the guidelines established by the SFC.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank&#8217;s exposure to interest risk primarily arises from investments in Colombian government&#8217;s treasury bonds (TES).</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><table style="border: none;border-collapse: collapse;margin-bottom: 0.001pt;width: 100%;table-layout: fixed;margin-right: auto;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: symbol; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#61623;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Currency (Treasury and Banking Book), Equity (Treasury Book) and Fund (Treasury Book) Risk</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The VaR model uses a sensitivity factor to calculate the probability of loss due to fluctuations in the price of stocks, funds and currencies in which the Bank maintains a position. As previously indicated, the methodology used in these financial statements to measure such risk consists of computing VaR, which is derived by multiplying the position by the maximum probable variation in the price of such positions (&#8220;&#8710;p&#8221;). The (&#8220;&#8710;p&#8221;) is determined by the SFC, as shown in the following table:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 45%;margin-left: auto;margin-right: auto;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 50.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Currency</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 50.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Sensitivity Factor</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 0;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">United States Dollar</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,49%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 0;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Euro</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">11.00%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 0;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Other currencies</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">13.02%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 0;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Equity and Fund Risk</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">14.70%</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The SFC according to historical market performance establishes the interest rate&#8217;s fluctuations and the sensitivity factors for currency, equity and fund risk used in the model.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><table style="border: none;border-collapse: collapse;margin-bottom: 0.001pt;width: 100%;table-layout: fixed;margin-right: auto;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: symbol; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#61623;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total Market Risk VaR</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The total market risk VaR is calculated as the algebraic sum of the interest rate risk, the currency risk, the stock price risk and the fund risk, which are calculated as the algebraic sum of the Parent Company and each of its subsidiaries&#8217; exposure to these risks.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The total market risk VaR, had a 33.00% surge going from COP 1,086,904 in December 31<div style="vertical-align: super;font-size: smaller;display:inline;">st</div>, 2017 to COP 1,447,384 as of December 31<div style="vertical-align: super;font-size: smaller;display:inline;">st</div>, 2018, due mainly to increase in the exposure to currency risk, as a consequence of an increase of the 131.82% in the net position in US. dollars in Bancolombia.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table presents the total change on market risk and every risk factor.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td colspan="5" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="text-decoration:underline;display:inline;"><div style="font-weight:bold;display:inline;">December 2018</div></div></div></div></td></tr><tr><td colspan="5" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="text-decoration:underline;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 40.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="text-decoration:underline;display:inline;"><div style="font-weight:bold;display:inline;">Factor</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="text-decoration:underline;display:inline;"><div style="font-weight:bold;display:inline;">December 31</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="text-decoration:underline;display:inline;"><div style="font-weight:bold;display:inline;">Average</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="text-decoration:underline;display:inline;"><div style="font-weight:bold;display:inline;">Maximum</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="text-decoration:underline;display:inline;"><div style="font-weight:bold;display:inline;">Minimum</div></div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Interest Rate</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">249,070</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">241,602</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">317,524</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">204,478</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Exchange Rate</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">909,648</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">712,435</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">909,648</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">563,322</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Share Price</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">91,847</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">103,127</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">112,372</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">91,847</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Collective Portfolios</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">196,819</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">192,920</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">198,227</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">187,842</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total Value at Risk</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,447,384</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,250,084</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,447,384</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,108,052</div></div></div></td></tr><tr><td colspan="5" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="text-decoration:underline;display:inline;"><div style="font-weight:bold;display:inline;">December 2017</div></div></div></div></td></tr><tr><td colspan="5" style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="text-decoration:underline;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="text-decoration:underline;display:inline;"><div style="font-weight:bold;display:inline;">Factor</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="text-decoration:underline;display:inline;"><div style="font-weight:bold;display:inline;">December 31</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="text-decoration:underline;display:inline;"><div style="font-weight:bold;display:inline;">Average</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="text-decoration:underline;display:inline;"><div style="font-weight:bold;display:inline;">Maximum</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="text-decoration:underline;display:inline;"><div style="font-weight:bold;display:inline;">Minimum</div></div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Interest Rate</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">283,548</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">289,811</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">303,876</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">269,572</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Exchange Rate</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">559,362</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">488,395</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">883,924</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">330,108</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Share Price</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">70,758</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">76,632</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">84,059</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">70,758</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Collective Portfolios</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">173,236</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">156,335</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">174,373</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">34,558</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total Value at Risk</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,086,904</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,011,173</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1,406,514</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">877,348</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><table style="border: none;border-collapse: collapse;margin-bottom: 0.001pt;width: 100%;table-layout: fixed;margin-right: auto;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: symbol; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#61623;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assumptions and Limitations of VaR Models</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Although VaR models represent a recognized tool for risk management, they have inherent limitations, including reliance on historical data that may not be indicative of future market conditions or trading patterns. Accordingly, VaR models should not be viewed as predictive of future results. The Bank may incur losses that could be materially in excess of the amounts indicated by the models on a particular trading day or over a period of time, and there have been instances when results have fallen outside the values generated by the Bank&#8217;s VaR models. A VaR model does not calculate the greatest possible loss. The results of these models and analysis thereof are subject to the reasonable judgment of the Bank&#8217;s risk management personnel.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">b. Non-trading instruments market risk measurement</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The banking book&#8217;s relevant risk exposure is interest rate risk, which is the probability of unexpected changes in net interest income as a result of a change in market interest rates. Changes in interest rates affect the Bank&#8217;s earnings because of timing differences on the reprising of the assets and liabilities. The Bank manages the interest rate risk arising from banking activities in non-trading instruments by analyzing the interest rate mismatches between its interest earning assets and its interest bearing liabilities. The foreign currency exchange rate exposures arising from the banking book are provided to the Treasury Division where these positions are aggregated and managed.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><table style="border: none;border-collapse: collapse;margin-bottom: 0.001pt;width: 100%;table-layout: fixed;margin-right: auto;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: symbol; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#61623;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Interest Risk Exposure (Banking Book)</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.74in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank has performed a sensitivity analysis of market risk sensitive instruments estimating the impact on the net interest income of each position in the Banking Book, using a repricing model and assuming positive parallel shifts of 50 basis points (bps).</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The table 1 provides information about Bancolombia&#8217;s interest rate sensitivity for the&#160;statement of financial position items comprising the Banking Book.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Table 1. Sensitivity to Interest Rate Risk of the Banking Book</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="background: #ffffff;font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The chart below provides information about Bancolombia&#8217;s interest rate risk sensitivity in local currency (COP) at December 31, 2018 and 2017:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 60.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td colspan="3" style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Assets sensitivity 50 bps</div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">361,427</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">346,000</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Liabilities sensitivity 50 bps</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">185,477</div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">180,714</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net interest income sensitivity50 bps</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">175,950</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">165,286</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="background: #ffffff;font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The chart below provides information about Bancolombia&#8217;s interest rate risk sensitivity in foreign currency (US dollars) at December 31, 2018 and 2017:</div></div><div style="background: none; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 60.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td colspan="3" style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of USD</div></div></div></td></tr><tr><td style="background: #ffffff;border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Assets sensitivity 50 bps</div></div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">39</div></div></td><td style="background: #ffffff;border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">38</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Liabilities sensitivity 50 bps</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">36</div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">30</div></div></td></tr><tr><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net interest income sensitivity50 bps</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">8</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">A positive net sensitivity denotes a higher sensitivity of assets than of liabilities and implies that a rise in interest rates will positively affect the Bank&#180;s net interest income. A negative sensitivity denotes a higher sensitivity of liabilities than of assets and implies that a rise in interest rates will negatively affect the Bank&#180;s net interest income. In the event of a decrease in interest rates, the impacts on net interest income would be opposite to those described above.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total Exposure:</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">As of December 31, 2018, the net interest income sensitivity in local currency for the Banking Book instruments, entered into for other than trading purposes with positive parallel shifts of 50 basis points was COP 175,950. The change in the net interest income sensitivity between 2018 and 2017 is due to the increase in the sensitivity of loans due their growth.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">On the other hand, the net interest income sensitivity in foreign currency, assuming the same parallel shift of 50 basis points, was USD 3 at December 31, 2018, compared with USD 8 at December 31, 2017. The decrease in net interest income sensitivity due to interest rate risk between 2018 and 2017 occurred due to the reduction in repricing term of Demand Deposits.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Assumptions and limitations:</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net interest income sensitivity analysis is based on the repricing model and considers the following key assumptions: (a) does not consider prepayments, new operations, defaults, etc., (b); the fixed rate instruments sensitivity, includes the amounts with maturity lower than one year and assumes these will be disbursed at market interest rates and (c) changes in interest rate occur immediately and parallel in the yield curves from assets and liabilities for different maturities.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><table style="border: none;border-collapse: collapse;margin-bottom: 0.001pt;width: 100%;table-layout: fixed;margin-right: auto;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: symbol; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#61623;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Structural equity risk exposure (Banking Book)</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; background: none;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;">Bancolombia&#8217;s investment banking affiliate, in its role of financial corporation, holds, directly and through its affiliated companies, structural equity investments. These positions are maintained mostly in the energy and financial sectors. The market value of those investments increased by<div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> 11.23% during the year, from COP146,667 million as of December 31 <div style="vertical-align: super;font-size: smaller;display:inline;">st</div>, 2017 to COP163,136 million as of December 31 <div style="vertical-align: super;font-size: smaller;display:inline;">st</div>, 2018, because of the increase in the market value of the investments in the energy sector.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The structural equity positions are exposed to equity price risk. 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Share Price Sensitivity</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 56.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 2.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 2.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; 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max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">A negative impact of 14.70%, applied to the market value, produces a decrease of COP 23,981 on the structural equity investments market value, which would decrease from COP 163,136 to COP 139,155.</div></div><div style="font-family: &quot;times new roman&quot;, serif; 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font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Liquidity risk</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Liquidity risk is defined as the inability of a financial firm to meet its debt obligations without incurring unacceptably large losses. Thus, funding liquidity risk is the risk that a firm will not be able to meet its current and future cash flow and collateral needs, both expected and unexpected, without materially affecting its daily operations or overall financial condition. The Bank is sensitive to funding liquidity risk since debt maturity transformation is one of its key business areas.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">At the Bank, liquidity prevails over any objective of growth or revenue. Managing liquidity has always been a fundamental pillar of its business strategy, together with capital, in supporting its statement of financial position.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank&#8217;s liquidity management model promotes the autonomy of subsidiaries, which must be self-sufficient in their structural funding. Each subsidiary is responsible for meeting the liquidity needs of its current and future activity, within a framework of management coordination at the Bank level. The metrics used to control liquidity risk are developed based on common and homogeneous concepts, but analysis and adaptation are made by each subsidiary.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">In line with best governance practices, the Bank has established a clear division of function between executing liquidity management, responsibility of the Asset and Liability Division, and their monitoring and control, responsibility of the Market and Liquidity Risks Management Office.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The different authorities of senior management define the policies and guidelines for managing liquidity risk. These authorities are the Board of Directors, the Risk Committee, and senior management of the Parent Company, which set the risk appetite and define the financial strategy. The ALCO committees (asset and liability committee) define the objective positioning of liquidity and the strategies that ensure the funding needs derived from businesses. The ALM division (Asset and liability management) and the Market and Liquidity Risks Management Office support the mentioned committees, which elaborate analysis and management proposals, and control compliance with the limits established.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Liquidity Risks Management Office is responsible for proposing the minimum amount of the liquidity reserve, the policies of the liquidity portfolio, defining premises and metrics in order to model the behaviour of the cash flows, proposing and monitoring liquidity limits in line with the Bank's risk appetite, simulating stress scenarios, evaluating and reporting the risks inherent to new products and operations; and submitting the reports required by the internal authorities for decision-making, as well as by regulators. All of the above activities are verified and evaluated by the Internal Audit.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The measures to control liquidity risk include maintaining a portfolio of highly liquid assets, and the definition of triggers and liquidity limits, which enable evaluating the level of exposure of each one of the entities in a proactive way.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The methodologies used to control liquidity risk include the liquidity gaps and stress scenarios. The liquidity gaps measure the mismatches of assets, liabilities and off-balance sheet position&#180;s cash flows, separately for local currency and foreign currency. Regulatory metrics are also applied, in which the contractual maturities are used; and internal models in which the cash flows are adjusted by different ratios, to reflect a more accurate behaviour.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Each subsidiary creates their liquidity gap according to the characteristics of their business and they tackle them through the different financing resources they have available. The recurrence of the businesses that are going to be financed, the stability of the financing sources, and the ability of the assets to become liquid are the fundamental factors that are taken into account in the definition of this metric. In practice, and given the different behaviours of a same item in the Bank&#8217;s subsidiaries, there are common standards and methodologies to homogenize the construction of liquidity risk profiles for each unit so they can be presented in a comparable way to the Bank's Senior Management.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Periodically, a validation of the policies, limits, processes, methodologies and tools to evaluate liquidity risk exposure is performed, in order to establish its pertinence and functionality, and to carry out the necessary adjustments. The Market and Liquidity Risks Management Office elaborate reports daily, weekly and monthly basis in order to monitor the exposure levels and the limits and triggers set up, and to support the decision-making process.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Each subsidiary has its own liquidity contingency plan, which is tested annually. These contingency plans procure the optimization of different funding sources, including obtaining additional funding from the Parent Company.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Liquidity risk management</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Bank&#8217;s Board of Directors sets the strategy for managing liquidity risk and delegates responsibility for oversight of the implementation of this policy to ALCO committee that approves the Bank&#8217;s liquidity policies and procedures. The Treasury Division manages the Bank&#8217;s liquidity position on a day-to-day basis and reviews daily reports covering the liquidity position. A summary report, including any exceptions and remedial action taken, is submitted regularly to Risk Committee and ALCO committees.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">a.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Liquidity risk exposure:</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.5in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">In order to estimate liquidity risk, the Bank measure a liquidity coverage ratio to ensure holding liquid assets sufficient to cover potential net cash outflows over 30 day. This indicator allows the Bank to meet liquidity coverage for the next month. The liquidity coverage ratio is presented as follows:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;/* margin-left: auto; */margin-right: auto;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 60.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Liquidity Coverage Ratio&#160;&#160;</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Net cash outflows into 30 days*</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,004,662</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,122,512</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Liquid Assets </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">26,506,750</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">24,374,356</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Liquidity coverage ratio</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">372.48%</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">475.83%</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.13in; margin-top: 0px; text-align: justify; text-indent: -0.13in; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">*</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Net cash outflows into 30 days:</div></div></div><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"> (Interbank borrowings, Financial assets investments, Loans and advances to customers, Derivative financial instruments), minus&#160;30 days contractual maturities of liabilities. Demand deposit Time deposits, Interbank deposits Borrowings from other financial institutions Debt instruments, Derivative financial instruments.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div> <div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.5in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">b.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Liquid Assets</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">One of the main guidelines of the Bank is to maintain a solid liquidity position, therefore, the ALCO Committee, has established a minimum level of liquid assets, based on the funding needs of each subsidiary, to ensure, as far as possible, that it will always have sufficient liquidity to meet its liabilities when they are due, under both normal and stressed conditions, without incurring unacceptable losses or risking damage to the Bank&#8217;s reputation.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following table shows the liquid assets held by Bank&#180;s:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 60.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Liquid Assets</div><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-weight:bold;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">High quality liquid assets*</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Cash</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">15,370,693</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">14,793,855</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">High quality liquid securities</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9,268,481</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,963,343</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Other Liquid Assets</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 9.0pt;padding-right: 0;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Other securities**</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,867,576</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,617,158</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total Liquid Assets</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">26,506,750</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; 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text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="vertical-align: super;font-size: smaller;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">(1)</div></div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Feature possesses the high liquidity available in all cases, and those liquid assets received by the Central Bank for its operations expansion and monetary contraction. Liquid assets are adjusted by a haircut. The following are considered as liquid assets: cash, repos held for trading and investments held for trading in listed shares in Colombia&#8217;s stock exchange, in investment funds units or in other trading debt instruments.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.06in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">*</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">High-quality liquid assets</div></div></div><div style="white-space: pre-line; color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">: </div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">cash&#160;and shares that are eligible to be reportable or repo operations, in addition to those liquid assets that the Central Bank receives for its monetary expansion and contraction operations described in paragraph 3.1.1 of the Foreign Regulatory Circular DODM-142 of the Bank of the Republic.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal; font-weight: normal; margin-bottom: 0px; margin-top: 0px;"><div style="font-weight:bold;display:inline;">&#160;</div></div></td></tr><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">**</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">Other Securities</div></div></div><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"><div style="font-weight:bold;display:inline;">:</div></div></div><div style="white-space: pre-line; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;"> Securities issued by financial and corporate entities.</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">c.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Contractual maturities of financial assets</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.5in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The tables below set out the remaining contractual maturities of principal and interest balances of the Group&#8217;s financial assets:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Contractual maturities of financial assets December 31, 2018</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 46.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Financial Assets</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">0 - 1 Year</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1- 3 Years</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3- 5 Years</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">More than 5 years</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Cash and balances with central bank</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">15,833,017</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Interbank borrowings - Repurchase agreements</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,965,646</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;">&#160;</div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Financial assets investments</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,512,098</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4,557,121</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,585,777</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,608,511</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Loans and advances to customers</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">61,653,720</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">52,485,542</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">33,393,032</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">59,347,861</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Derivative financial instruments</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,073,804</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">174,475</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">486,746</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">247,268</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total financial assets</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">89,038,285</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">57,217,138</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">36,465,555</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">63,203,640</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Contractual maturities of financial assets December 31, 2017</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 46.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Financial Assets</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">0 - 1 Year</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1- 3 Years</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3- 5 Years</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">More than 5 years</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Cash and balances with central bank</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">15,542,195</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Interbank borrowings - Repurchase agreements</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,805,467</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Financial assets investments</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,706,487</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,258,546</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,107,856</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,931,710</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Loans and advances to customers</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">54,997,084</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">50,519,957</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">29,659,278</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">50,569,611</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Derivative financial instruments</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">804,392</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">176,490</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">405,710</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">233,762</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total financial assets</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">80,855,625</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">55,954,993</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">33,172,844</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">52,735,083</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">d.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Contractual maturities of financial liabilities</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.5in; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The tables below set out the remaining contractual maturities of principal and interest balances of the Bank&#8217;s financial liabilities:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Contractual maturities of financial liabilities December 31, 2018</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 46.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Financial Liabilities</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">0 - 1 Year</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1- 3 Years</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3- 5 Years</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">More than 5 years</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Demand deposit from customers</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">85,275,330</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Time deposits from customers</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">39,104,963</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">14,120,231</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,096,152</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,037,330</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Interbank deposits-Repurchase agreements </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,132,911</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">531,734</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Borrowings from other financial institutions</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">11,149,381</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,952,158</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,158,784</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,844,290</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Debt securities in issue</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,721,909</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,078,228</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,489,901</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,813,722</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Derivative financial instruments</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">636,410</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">101,836</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">391,930</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 0, 0); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">240,727</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total financial liabilities</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">143,020,904</div></div></div></td><td style="background: rgb(255, 255, 255); border-bottom: 1pt solid rgb(0, 0, 0); border-left: none; border-right: none; border-top: 1pt solid rgb(0, 0, 0); padding: 0px 3.5pt; vertical-align: middle; text-align: right;">&#160;<div style="color: rgb(0, 112, 192); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;width:100%;">25,784,187</div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">14,136,767</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">9,936,069</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Contractual maturities of financial liabilities December 31, 2017</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 46.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Financial Liabilities</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">0 - 1 Year</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1- 3 Years</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 13.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3- 5 Years</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">More than 5 years</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Demand deposit from customers</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">77,997,629</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Time deposits from customers</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">37,755,690</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">12,085,796</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,053,016</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,134,245</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Interbank deposits - Repurchase agreements </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,861,258</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">524,880</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">-</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Borrowings from other financial institutions</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,709,585</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2,824,456</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,379,194</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,961,015</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Debt securities in issue</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,210,313</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,676,708</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,460,302</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">8,050,023</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Derivative financial instruments</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">670,817</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">117,485</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">383,380</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">229,804</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total financial liabilities</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">132,205,292</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">21,229,325</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">16,275,892</div></div></div></td><td style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">12,375,087</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The expected cash flows for some financial assets and liabilities may vary significantly from their contractual maturity. The main differences are the following:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: symbol; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#61623;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The demand deposits historically have maintained a tendency to remain stable.</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.25in; margin-top: 0px; text-align: justify; background: none;">&#160;</div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: symbol; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">&#61623;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The mortgages loans, in spite of having contractual maturity between 15 and 30 years, its average life is less than these terms.</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">e.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Financial guarantees</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The tables below set out the remaining contractual maturities of the Group&#8217;s financial guarantees</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 40.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">0 - 1 Year</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1- 3 Years</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3- 5 Years</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">More than 5 years</div></div></div></td></tr><tr><td colspan="5" style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Financial guarantees</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3,370,845</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">1,426,992</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">277,710</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">177,828</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 40.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">0 - 1 Year</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1- 3 Years</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3- 5 Years</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 15.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">More than 5 years</div></div></div></td></tr><tr><td colspan="5" style="background: #ffffff;border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Financial guarantees</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">5,137,205</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; 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font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">191,139</div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 117, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">31.4 Capital management</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">In order to cover future unexpected losses and be prepared against economic crisis, the Bank is engaged with an active capital management role. 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In doing so, upcoming investment plans will be funded by capital markets and operational flows without causing negative results among our shareholders&#180; interests.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">In accordance with the Capital Adequacy Requirements, financial institutions in Colombia are required to achieve a minimum solvency ratio (Basic Solvency Risk Index, Tier 1) above 4.5%, and a total solvency risk index (Tier 2) greater than or equal to 9.0%.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: center; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">In spite of the above, the management has directed its efforts towards the equity strengthening as shown in table below.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 100%;/* margin-left: auto; 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font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">As of </div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31 2017</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td colspan="2" style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">In millions of COP</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;width: 64.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Regulatory Capital and Capital Adequacy Ratios</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: bottom;width: 18.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: bottom;width: 18.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Basic Ordinary Equity</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">23,965,972</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">22,221,965</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Deductions Basic Ordinary Equity</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(4,251,247)</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">(4,189,222)</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total Basic Ordinary Equity</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">19,714,725</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">18,032,743</div></div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Additional Equity</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6,704,144</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">7,143,524</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total Regulatory Capital</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">26,418,869</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">25,176,267</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Capital Ratios</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none; margin-bottom: 0px; margin-top: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Primary capital to risk-weighted assets (Tier 1)</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10.05%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">10.15%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Secondary capital to risk-weighted assets </div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.42%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.03%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Technical capital to risk-weighted assets (Tier 2)</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">13.47%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 5.4pt;padding-right: 5.4pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: right; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">14.18%</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div> <div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 36pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">11.3.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Other revelations</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div><table style="border: none; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%; table-layout: fixed;"><tr><td style="border-width: initial; border-style: none; border-color: initial; padding: 0px; vertical-align: top; width: 0.3pt;"></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;width: 36pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">11.3.1.</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0pt;padding-left: 0;padding-right: 0;padding-top: 0pt;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: justify; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Explanation of applicable fees</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The following are the nominal rates of the current tax in each of the countries where Grupo Bancolombia has operations subject to income tax:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Companies domiciled in Colombia</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The current income tax rate in accordance with Law 1819 of 2016, for the taxable periods 2018, 2017 and 2016 was:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><table style="/* margin-right: auto; */border: none;border-collapse: collapse;margin-bottom: .001pt;width: 55%;/* margin-left: auto; */margin-left: auto;margin-right: auto;"><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 28.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 24.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 24.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 24.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2016</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Rent</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">33.00%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">34.00%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">25.00%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">CREE</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">0%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">9.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Surcharge</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">6.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">37.00%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">40.00%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">40.00%</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The deferred tax as of December 31, 2018 was calculated based on the temporary differences, taking into account the applicable rates for 2019 and following years, as follows:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 65%;margin-left: auto;margin-right: auto;"><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;width: 26.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 20.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 18.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2021</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: top;width: 22.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2022 onwards</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Rent</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">33.00%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">32.00%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">31.00%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">30.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Additional points</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">4.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">3.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">0</div>%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">37.00%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">35.00%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">34.00%</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: bottom;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">30.00%</div></div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="color: rgb(0, 112, 192); font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Domiciled companies in other countries</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The current and deferred income tax rate, for the taxable periods 2017 and 2018 was:</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><table style="border: none;border-collapse: collapse;margin-bottom: .001pt;width: 80%;margin-left: auto;margin-right: auto;"><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 46.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 8.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 14.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2017</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 10.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: solid #000000 1.0pt;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;width: 22.0%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019 onwards</div></div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Companies in Peru</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Rent</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">29.50%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">29.50%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">29.50%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Companies in Panama </div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Rent</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">25.00%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">25.00%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">25.00%</div></div></td></tr><tr><td style="border-bottom: none;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Companies in El Salvador</div></div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Rent</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">30.00%</div></div></td><td style="border-bottom: none;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">30.00%</div></div></td><td style="border-bottom: none;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">30.00%</div></div></td></tr><tr><td style="border-bottom: solid #000000 1.0pt;border-left: solid #000000 1.0pt;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Companies in Guatemala</div></div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Rent</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">25.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: none;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">25.00%</div></div></td><td style="border-bottom: solid #000000 1.0pt;border-left: none;border-right: solid #000000 1.0pt;border-top: none;padding-bottom: 0;padding-left: 3.5pt;padding-right: 3.5pt;padding-top: 0;vertical-align: middle;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; text-align: center; line-height: normal;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">25.00%</div></div></td></tr></table><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 663000000 831000000 -13375000000 0.10 442739000000 1043724000000 4547635000000 4533672000000 123000000 188000000 iso4217:COP iso4217:USD xbrli:pure xbrli:shares iso4217:USD xbrli:shares iso4217:COP xbrli:shares cib:Notches Includes loans to financial institutions amounting to COP 8,154,507 and COP 7,862,401 as of December 31, 2018 and 2017, respectively. The allowance as of December 31, 2018 was estimated according to the expected credit losses methodology required by IFRS 9, on the other hand, the estimations for the year ended as of December 31, 2017 were computed under IAS 39, therefore both amounts are not comparable. For further information see Note 32 Impacts on application of new standards. The provision for loan losses, net COP 3,879,559 differs from the COP 3,468,699 presents in the line “Credit impairment charges on loans and advances and financial leases, net” of the Consolidated Statement of Income, in the amount of COP 410,860 due to the recovery of charged-off loans. The provision for loan losses net of COP 318,279 differs from the COP 323,290 presented in “Credit impairment charges on loans and advances and financial leases, net" in note 30. Discontinued operations, in the amount of COP 5,011 due to provision on off balance sheet credit exposures that was accounted for as a liability under IAS 37. Future financial income: Total Gross Investment - Total Present Value of minimum payments As of December 31, 2018 and 2017, the amount includes investments in associates at fair value for COP 1,119,973 and COP 757,886, respectively and investments in associates accounted for by the equity method for COP 590,996 and COP 569,724 respectively. See note 29 Fair value of assets and liabilities. For the purposes of applying the equity method of accounting, financial statements as of November 30, 2018 have been used. However, the Bank does not consider that appropriate adjustments have to be made since no significant transactions took place between that date and December 31, 2018. During 2018, the Bank increases its capital contribution in Reintegra S.A.S by COP 1,152 As of December 31, 2018 the investment in Avefarma S.A.S., Glassfarma Tech S.A.S and Panamerican Pharmaceutical Holding inc are still classified as "assets held for sale". See note 12. Assets held for sale and inventories. During 2018, the Bank increases its capital contribution in P.A Viva Malls by COP 274,951 For the purposes of applying the equity method of accounting, financial statements as of November 30, 2017 have been used, except for Redeban Multicolor S.A., for which we use the financial statements ended as of October 31, 2017. However, the Bank does not consider that appropriate adjustments have to be made since no significant transactions took place between those dates and December 31, 2017. As of December 31, 2017 the Bank classified the investment in Avefarma S.A.S., Glassfarma Tech S.A.S and Panamerican Pharmaceutical Holding inc as "assets held for sale", due to the fact that the management has currently been implementing a plan to sell these assets. See note 12 assets held for sale and inventories. Corresponds to the income recognized as equity method in the statement of income for the year ended December 31, 2018. See note 24.5 Dividends received, and share of profits of equity method investees Corresponds to the other comprehensive income recognized as Cumulative Translation Adjustment of Foreign Currency (CTA) for the year ended December 31, 2018. Corresponds to the accumulated other comprehensive income as of December 31, 2018. Corresponds to the other comprehensive income recognized as equity method for the year ended December 31, 2018. Corresponds to the other comprehensive income recognized as equity method for the year ended December 31, 2017. Corresponds to the income recognized as equity method in the statement of income for the year ended December 31, 2017. See note 24.5 Dividends received, and share of profits of equity method investees Corresponds to the other comprehensive income recognized as Cumulative Translation Adjustment of Foreign Currency (CTA) for the year ended December 31, 2017. Corresponds to the accumulated other comprehensive income as of December 31, 2017. The difference between the net assets of Protección S.A. multiplied by the Bank’s percentage of ownership, which amounted to COP 300,926 for the year ended December 31, 2017, and the carrying amount of the Bank’s interest in the associate, represents the goodwill recognized by the Bank amounting to COP 170,434 The revaluation of the consumer loan portfolio in Colombia increased significantly during 2018, and there was an improvement in loan coverage rates due to the economic cycle in the country and the current payment behavior in the consumer segment.As a result, management measured the recoverable amount of Tuya's Cash Generation Unit (CGU). The measurement was estimated by determining the fair value of the asset which implies the professional services of a business valuation specialist; as a result of the valuation the Bank recognized a recovery of the impairment loss of COP 173,339. For more information about the applied valuation technique, see note 29 Fair value of assets and liabilities. In March 2018, The Bank increases its capital contribution in Compañia de Financiamiento TUYA S.A for COP 5,000 The joint venture of Servicios de Aceptación SAS was derived from the alliance between Bancolombia and First Data for improving the development of the credit card business for individuals, however the strategy was refocused in 2018. Consequently, both parties agreed to advance in the development of this business considering First Data as the Bank’s service provider of processing data and to dissolve the joint venture. Corresponds to the income recognized as equity method in the statement of income for the year ended December 31, 2018 On December 2017, given the continued impairment of the consumer loans portfolio of the company during 2017, the Bank management performed a valuation, to establish the fair value of the Compañía de Financiamiento TUYA S.A. As a result of the valuation, the fair value of the investment was lower than the book value, for this, the Bank recorded an impairment in the statement of income for COP 173,339. See note 29 Fair value for assets and liabilities. Given the losses of Fideicomiso Ruta del Sol - compartimento A for the year 2017, the aplication of the equity method resulted in a reduction of the total book value of the investment. Between December 31, 2018 and 2017 there were no transfers in and out of Level 3 fair value hierarchy related with investment properties. See Note 29 Fair value of assets and liabilities. See note 24.4. Other operating income, net. The recoveries of previous periods for $ 85,921 was recognized in 2017 in Bancolombia as income. Corresponds to the change in the commercial estimate of real estate due to the change in the consumer price index (IPC). In December 2017, the management launched the execution of a sale plan for the investments associated with Avefarma S.A.S, Glassfarma Tech S.A.S. and Panamerican Pharmaceutical Holding Inc., for this reason the investments are presented as "non-current assets held for sale". Management is still committed to a plan to sell the aforementioned investments. These assets corresponded to Arrendamiento Operativo CIB S.A.C. and FiduPerú S.A. Sociedad Fiduciaria. In September 2018, FiduPerú S.A. returned capital to its shareholders. At the end of the 2018 period, the Administration adjusted the book value of the asset based on the fair value of the company, recognizing an impairment in the Income Statement. As of December 31, 2018, corresponds to reconciling items on correspondent banks and mortgage-backed securities´ interest. The item corresponds to receivables related to the application of the Colombian Law 1777 of February 1, 2016, which establishes that entities holding accounts deemed abandoned must transfer the related amounts to a fund constituted and regulated by the Icetex (Governmental entity responsible for promoting high quality education in Colombia). The amount includes those presented as cash and cash equivalents and those presented as other assets. The Bank has recognized a financial liability with BAM Financial Corporation (BFC) amounting to USD 259.4 million as of December 31, 2018 and USD 243.2 million as of December 31, 2017, due to its obligation to pay cash in future to purchase the non-controlling shares of Grupo Agromercantil Holding pursuant to an outstanding put option expiring in 2024. The Bank will reclassify the liability to equity if the put expires unexercised. Face value is in US dollar for foreign currency bonds. Pursuant to a private agreement reached between Transportempo and its employees, the Bank’s subsidiary has decided to recognize a new employee benefit plan based on the employees’ seniority and their current salary at the moment when the service is vested. Former employees have been incorporated again in the Company’s payroll due to the private agreement reached between Comamesa (a Guatemalan subsidiary of Grupo Agromercantil and Serviva (security supplier). Pursuant to a private agreement reached between Renting and its employees, the Bank’s subsidiary has decided to recognize a new employee benefit plan based on the employees’ seniority and their current salary at the moment when the service is vested. For the year 2018 and 2017 advances includes the amount received by the Bank in balances related to insurance operations amounting to COP 67,136 and COP 54,967, respectively, balances held by court order amounting to COP 62,861 and COP 50,152, respectively, gain on derivatives first day valuation amounting to COP 55,573 and COP 39,706, respectively, excess cash amounting to COP 5,161 and COP 9,012, respectively and balances of credit cards charges pending to be applied amounting to COP 7,214 and COP 10,116. Additionally, for the year 2018, the line includes guaranteed deposits for capital market transactions in foreign currency for COP 459,966. The increase is due to the last installement payment effective for the dividends approved by the annual shareholders’ meeting that took place in 2018. See Note 20 "Provisions and contingent’s liabilities". For further information see Note 11 “Income tax” The provisions for financial guarantees and loan commitments as of December 31, 2018 were estimated according to the expected credit losses methodology required by IFRS 9, on the other hand, the estimations for the year ended as of December 31, 2017 were computed under IAS 39, therefore both amounts are not comparable. For further information see Note 32 Impacts on application of new standards. Corresponds to income from contracts with customers. To see more information see Note 24.3 Commissions. The gains on sale of portfolio in December 2018 and 2017 amounts to 14,707 and 13,928, respectively. Corresponds to income from Seguros Agromercantil insurance operations. Dividends received from equity investments at fair value through profit or loss as of 31, December of 2018, 2017 and 2016 amount COP 54,477, COP 20,297 and COP 30,468, respectively. Dividends from equity investments at fair value through OCI amount COP 13,105, COP 11,951 and COP 9,317, respectively. As of December 31, 2018, 2017 and 2016, the amount includes dividends of investments derecognised for COP 950, COP 1,556 and COP 1,638, respectively. As of December 31, 2018, there is a profit on capital investments due to the increase in fair value in the portfolio measured at fair value through the profit or loss maintained by Banagricola S.A. For further information, see note 7 investments in associates and joint ventures The increases in frauds and claims during the year 2018 and 2017 compared with the level of expense recognized as of December 31, 2016, are mainly explained by higher operational risk in virtual transactions and transactions with credit and debit cards. The increase in disputes, fines and sanctions during the year 2017 is caused by the recognition of an income tax provision related with a potential exposure for the fiscal year 2014, consisting in an unrecognized tax benefits amounting to COP 201,554 in income tax liabilities related to tax positions. The 2014 income tax return has been subject to review from the tax authority since April 23, 2015. The decrease in the shareholding is due to the repurchase of outstanding stock by the subsidiary. During 2018, the Bank's shareholding decreased in the subsidiary's capitalization process. Investment sold by Valores Simesa during 2017. Investment absorbed by Banistmo Capital Markets Group, Inc. during 2017. Investments in non-operational stage. Investment absorbed by Banistmo Capital Markets Group, Inc. during 2018. Investment classified as assets held for sale. See Note 12 Assets held for sale and Inventories. Investment liquidated during 2018. Investment liquidated during 2018. The Bank was required to pay the wealth tax contribution until the tax year of 2017, in accordance with the Law 1739 of 2014. See Note 11 Income Tax Corresponds to the net amount of cash received from the sale a 51% interest in Compañía de Financiamiento TUYA S.A. amounting to COP 9,517 and the balance of cash and cash equivalents held by the company at the transaction date amounting to COP 228,735. Corresponds to the net amount of cash received from the liquidation of Leasing Perú S.A. and Fondo de Inversión en Arrendamiento Operativo - Renting Perú amounting to COP 16,838 and COP 3,757, respectively, and the balance of cash and cash equivalents held by the companies at the transaction date amounting to COP 17,903 and COP 4,226, respectively. The issuance costs paid by Bancolombia S.A. amounted to USD 15,535. For further information see Note 17. Debt instruments in issue. For further information about the reconciliation of the balances of liabilities from financing activities, see Note 28. Liabilities from financing activities. Includes provisions, dividends, gains on sales and non-controlling interest and reclassification according to the analysis process used by the CODM. Includes staff costs, other administration and general expenses, contributions and other tax burdens and others. As of December 31, 2018, Banking Panama, Banking Guatemala, Brokerage and off shore did not have investments in associates and joint ventures. As of December 31, 2017, Banking Panama, Banking Guatemala, Brokerage and off shore did not have investments in associates and joint ventures. Included foreclosed assets, premises and equipment, investment property and goodwill presented within Other assets in the Consolidated Statement of Financial Position. Investments in FiduPerú and Arrendamiento Operativo CIB S.A.C. are classified as Asset held for sale in the Consolidated Statement of Financial Position. For further information, see Note 12 Assets held for sale and inventories Includes dividend received for preferred shares in Compañía de Financiamiento TUYA S.A. The growth is mainly due to the increase of the Sura Assets Management fair value by COP 69,162 at the end of the year 2018. In accordance with the price conditions agreed with Caisse de Dépôt et Placement du Québec (CDPQ) for the sale of this investment, the total Bank’s shareholding will be sold for (USD 135,173) COP 439,279. The cash flows disclosed in this table related with Borrowings from other financial institutions and Debt securities in issue include the interests paid during the year amounting to COP 788,879 and COP 961,333, respectively, which are classified as cash flows from operating activities in the consolidated statement of cash flow. The amount of COP (78,471) is mainly comprised by the decrease of the liabilities related to assets held for sale. The cash flow amounting to COP 57,701 corresponds to the fixed minimum dividend paid to the preferred shares' holders and is included in the line "dividends paid" of the consolidated statement of cash flow, which includes the divideds paid during the year to both preferred and common shares holders. The cash flows disclosed in this table related with Borrowings from other financial institutions and Debt securities in issue include the interests paid during the year amounting to COP 1,031,078 and COP 1,084,096, respectively, which are classified as cash flows from operating activities in the consolidated statement of cash flow. The amount of COP (98,870) is mainly comprised by the reclassification of liabilities relating to assets held for sale. See adoption of new accounting standards in Note 32 impacts on application of new standards. This item corresponds mainly to the capitalization of Fondo Colombia Inmobiliario. Investment classified as held for sale. See Note 12. Assets held for sale and Inventories. This item includes portfolio purchase operation held between Bancolombia S.A. and Titularizadora Colombiana and the outstanding dividend on the preferred shares of the Compañía de Financiamiento TUYA S.A. This ítem includes portfolio purchase operation held between Bancolombia S.A. and Titularizadora Colombiana. This ítem includes operations held between Bancolombia S.A. and Compañía de Financiamiento Tuya S.A. since November 1, 2016 when the Bank lost control of Tuya S.A. Furthermore, the item includes operations held between Bancolombia S.A. and Sociedad Servicios de Aceptación S.A.S. since June 2016, when that company was set up. The legal reserve fulfills two objetives: to increase and maintain the company's capital and to absorb economic losses. Based on the aforementioned, this amount shall not be distributed in dividends to the stockholders. Pursuant to Article 130 of Tax Statute, a non-distributable reserve to the shareholders must be established for the 70% of the diference between the accounting and the tax depreciation, when the tax depreciation is greater than the accounting depreciation. See Note 24.3 Fees and commissions. Includes imparment recovery in joint venture Compañía de Financiamiento Tuya S.A. For more information see Note 7 Investments in associates and joint ventures For further information about income from contracts with customers, see note 24.3. Fees and commissions. Includes imparment recognition in joint venture Compañía de Financiamiento Tuya S.A. For more information see Note 7 Investments in associates and joint ventures Some figures in the performance by operating segment disclosure for the year ended as of December 31, 2017 disclosed in the Bank’s annual report in 2017 have been changed due to an impact at the disaggregation level in the process of adopting IFRS 15. See adoption of new accounting standards in Note 32 Impacts on application of new standards. Some figures in the performance by operating segment disclosure for the year ended as of December 31, 2016 disclosed in the Bank’s annual report in 2016 have been changed due to an impact at the disaggregation level in the process of adopting IFRS 15. See adoption of new accounting standards in Note 32 Impacts on application of new standards. As of December 31, 2016, Banking Panama, Banking Guatemala, Brokerage and off shore did not have investments in associates and joint ventures. Corresponds to the other comprehensive income as deferred tax for the year ended December 31, 2018. The impairment corresponding to the receivable accounts from contracts from customers is COP 11,975, COP 9,639 and COP 1,069 for the year 2018, 2017 and 2016 respectly. The difference between, the net assets of Protección S.A. multiplied by the Bank’s percentage of ownership, which amounted to COP 308,048 for the year ended December 31, 2018 and the carrying amount of the Bank’s interest in the associate; represents the goodwill recognized by the Bank amounting to COP 170,434. The difference between the net assets of P.A. Viva Malls multiplied by the Bank’s percentage of ownership, which amounted to COP 604,336 for the year ended December 31, 2017 and the carrying amount of the Bank’s interest in the associate, represents an adjustment amounted to COP 153,550 related to contractual terms with respect to the recognition of benefits. In December 2018, Banca de Inversión Bancolombia, a Bank’s subsidiary, entered into an agreement with ARUS whereby both parties have joint control to the net assets of P.A Servicios Tecnológicos Arus- Bancolombia. The purpose of the entity is to provide technology services. In June 2017, Banca de Inversión Bancolombia formed a joint venture with Grupo Éxito. The purpose of the company is the developing and administration of customer’s loyalty programs provided by both parties in the agreement. For further information about composition of Bank’ segments see Note 3 In December 2017, the management launched the execution of a sale plan for the investments associated with Avefarma S.A.S, Glassfarma Tech S.A.S. and Panamerican Pharmaceutical Holding Inc., for this reason the investments are presented as "non-current assets held for sale". These assets corresponded to Arrendamiento Operativo CIB S.A.C.; Capital Investments SAFI S.A. and FiduPerú S.A. Sociedad Fiduciaria. In September 2018, the management adjusted the book value of FiduPerú S.A. Sociedad Fiduciaria based on the fair value of the company, recognizing an impairment in the Income Statement for COP 4,391. Banistmo S.A has decided to recognize a new employee benefit plan for its senior management executives based on the number of years of service to the organization. Banagrícola S.A has decided to recognize a new employee benefit plan for its senior management executives based on the number of years of service to the organization. The provision for loan losses, net COP 2,930,239 differs from the COP 2,643,710 presents in the line “Credit impairment charges on loans and advances and financial leases, net” of the Consolidated Statement of Income, in the amount of COP 286,529 due to the recovery of charged-off loans. The provision for loan losses, net COP 4,311,485 differs from the COP 3,851,625 presented in the line “Credit impairment charges on loans and advances and financial leases, net” of the Consolidated Statement of Income, in the amount of COP 459,860 due to the recovery of charged-off loans. This ítem includes portfolio purchase/sales operation held between Bancolombia S.A. and Titularizadora Colombiana. Value recorded against retained earnings, not other comprehensive income (ORI) Effect on Grupo Agromercantil Holding due to an increase in the investments evaluation The variation originates mainly from the Participation Method (current tax) and the tax recognition of derivatives The variation originates in adjustments for eliminations to the consolidated financial statements. The significant increase credit risk for Banistmo's mortgage portfolio is 60 days past due. Provisions reflect the expected credit losses (ECL) measured using the three-step approach under IFRS 9, as described in Note 2.D Significant accounting policies. For further information, see classification under IFRS 9, as described in Note 32 impacts on application of new standards. Includes mortgage-backed securities (TIPS) measured at fair value through profit or loss amounting to COP 196,920 and amortized cost amounting to COP 7. For further information on TIPS’ fair value measurement see Note 29 fair value of assets and liabilities. For further information, see classification under IFRS 9, as described in Note 2.D Significant accounting policies. Between 2018 and 2017 Deceval was totally sold for COP 21,444 due to the merger between Bolsa de Valores de Colombia (BVC) and Deceval. This transaction transferred from OCI to retained earnings the amount of COP 20,644. From January 1, 2018 onwards, the disclosure of collateralized loans is no longer required, due to the adoption of IFRS 9 Change in measurement to transfer a small proportion of Grupo Agromercantil Holding debt instruments portfolio from fair value to amortized cost. It corresponds investments in associates P.A Viva Malls. See Note 7 investments in associates and joint ventures Consumer price index. The increase in actuarial gains from experience adjustment is mainly due to a greater than expected reduction in the number of the Bank’s participants in the pension premium plan during the yaer ended as of December 31, 2018 See severance obligation LETES (El Salvador Public Treasury Bills) issued by the Government of El Salvador which amounted to COP 129,962, bonds issued by the Government of Guatemala to COP 206,031, bonds issued by The Republic of Panama to COP 923,787 and treasury bonds of the United States of America to COP (475,428), among others, were reclassified from fair value through profit or loss (FVTPL) to fair value through other comprehensive income (FVOCI). These investments are now held within a business model whose objective is achieved by both collecting contractual cash flows and selling them in the market. Bonds issued by the Government of Guatemala which amounted to COP 558,516 and term deposit certificates in foreign currency to COP 292,019 have been reclassified from the category Amortized cost to, FVOCI. The business model on which such instruments are now held achieves its objective not only collecting the contractual cash flows, but both collecting contractual cash flows and selling them in the market. Bonds issued by the Guatemalan Government which amounted to COP 166,608 and corporate bonds of other Guatemalan issuers to COP 9,621 have been reclassified from amortized cost to FVTPL. Those instruments are now managed for selling them in the market, instead of obtaining the contractual cash flows. The difference with the Consolidated Statement of Income is the expense depreciation by the premises and equipment of the investments classified as assets held for sale, the amortization of intangible assets and impairment of other assets. See Note 25.2 Impairment, depreciation and amortization. The difference with the Consolidated Statement of Income is the expense depreciation by premises and equipment of the investments classified as assets held for sale, the amortization of intangible assets and impairment of other assets. See Note 25.2 Impairment, depreciation and amortization. In 2016 the Bank's subsidiary, Banistmo, discontinued cash flow hedge accounting. For further information see Note 5.2. Derivatives Financial Instruments. Likewise, during 2017, the Bank transferred from OCI to retained earnings the amount of COP 38,420 mainly due to the merger between Bolsa de Valores de Colombia BVC and Deceval. The Bank held equity investments of both issuers designated as at FVTOCI. On May 31, 2016, the Bank completed the process for the sale of all of its minority stake in Cifin S.A. This sale, involved various financial institutions as sellers, including Bancolombia S.A., and TransUnion Netherlands II B.V., as buyer. This item corresponds to the dynamic reserves of Banistmo S.A., which correspond to an additional provision recognized on its low credit risk loan portfolio.